Housr, a leading co-living operator, plans to add approximately 1,000 beds in cities such as Bangalore, Hyderabad, Chennai, and Vizag. This expansion is part of the company's broader strategy to increase its property portfolio to 100 locations by 2025, according to Deepak Anand, Co-founder & CEO. The company aims for an annual recurring revenue (ARR) of US$ 11.9 million (Rs. 100 crore) through its premium, fully furnished, managed co-living spaces, serviced apartments, and studios.

Increasing Demand and High Occupancy Rates

Demand for co-living properties, especially 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 recent 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.

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Expansion into New Cities and Larger Properties

Housr will also enter new cities, including Mumbai, Ahmedabad, and other tier 1 and tier 2 cities. The company is 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.

Housr's Future Growth and Market Position

The strategic expansion plan highlights Housr's commitment to addressing the growing demand for high-quality, managed co-living spaces in India. By focusing on premium offerings and maintaining high occupancy rates, Housr is well-positioned to capitalize on the expanding co-living market. The company's entry into new cities and development of larger properties underscores its ambition to be a leading player in the Indian co-living sector.

"Our expansion plan aims to cater to the increasing demand for premium co-living spaces across major Indian cities. With occupancy rates consistently above 97-98%, we are confident in achieving our target of 100 locations and 8,000 beds by 2025," said Deepak Anand, Co-founder & CEO of Housr.

The company’s focus on tier 1 and tier 2 cities, combined with its premium service offerings, positions it strongly in the competitive co-living market. As Housr continues to grow and attract significant developer interest, it remains at the forefront of transforming the co-living experience in India.

Conclusion

Housr's ambitious expansion plan to add 1,000 beds in key cities such as Bangalore, Hyderabad, Chennai, and Vizag by 2025, along with its entry into new markets and development of larger properties, demonstrates its commitment to leading the Indian co-living sector. With a target ARR of $11.9 million and a robust pipeline of properties, Housr is poised for substantial growth, driven by high demand and strong occupancy rates.

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