Houser did not disclose the value of the deal on which it has acquired Staybod, one of the leading co-living operators in Bengaluru since 2016.
Highlight
- House said on June 27 that it has acquired Bengaluru-based Staybod as part of its expansion plan
- Houser did not disclose the value of the deal on which it acquired Staybod.
- Houser will now add over 20 properties to its portfolio with over 1,200 beds
business NewsCo-living operator House on Monday said it has acquired Bengaluru-based Staybod as part of its expansion plan.
Houser did not disclose the value of the deal on which it has acquired Staybod, one of the leading co-living operators in Bengaluru since 2016.
With this acquisition, Houser will add over 20 properties with over 1,200 beds to its portfolio in major centers of Bengaluru including Koramangala, HSR Layout, Indiranagar, Marathahalli and Electronic City, it said in a statement.
The acquisition is a part of Hauser’s expansion plan to reach 12,000 beds by March 2023 in conjunction with Hauser’s co-living and Hauser homes (rental-managed homes).
The price point will range from Rs 14,000 to Rs 24,000 for twin sharing and Rs 25,000- Rs 50,000 for single occupancy in Houser co-living.
House has recently forayed into a new vertical of managed rental homes under the brand name Hauser Homes, designed to meet the housing needs of working couples and small families.
Houser is expanding its property portfolio in existing cities and entering new geographies by March 2023.
“This acquisition is in line with Hauser’s vision to grow rapidly with an enhanced and standardized resident experience of over 50 properties now in our pan-India portfolio,” said Deepak Anand, Co-Founder and CEO, Hauser.
The overarching objective of the company is to meet the need of luxury co-living in India, he added.
Kalpesh Mehta said, “Achieving Staybod is an important step towards our plan to scale-up Hauser in 2022. The entry of Hauser in Bangalore greatly broadens the scope of our mission, which is India’s new age workforce. To seamlessly meet the housing needs of professionals.” , Co-Founder, Houser.
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