Co-living operator Housr plans to add approximately 1,000 beds in cities such as Bangalore, Hyderabad, Chennai, and Vizag, aiming to expand its property portfolio to 100 locations by 2025, according to Deepak Anand, Co-founder & CEO. The company targets an annual recurring revenue (ARR) of US$ 11.9 million (Rs. 100 crore) with its premium, fully furnished, managed co-living spaces, serviced apartments, and studios. Housr will also enter new cities, including Mumbai, Ahmedabad, and other tiers 1 and 2.
Demand for co-living properties, particularly premium offerings, is at an all-time high, with portfolio-wide occupancy rates consistently above 97-98% over the past year. The properties Housr acquires typically range from 30 to 70 rooms, but current acquisitions include larger properties of 70-80 rooms. Housr currently operates around 5,000 beds, with an additional 1,200 beds in the pipeline, scheduled for launch in August and September. The company aims to operate more than 8,000 beds by March 2025. Housr is also raising additional funds and exploring build-to-suit (BTS) opportunities, with plans to sign 2-3 BTS properties across Pune, Mumbai, Bangalore, and potentially Chennai. These larger properties will each feature approximately 200 rooms, reflecting strong developer interest.
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