HDFC Capital is also launching a ₹1,000 crore rental housing platform with Curated Living Solutions. The new business will focus on developing and managing institutional-grade rental properties, catering to the rising need for managed rentals among the youth and working population in Indian cities. This is one of the most important demographic trends fueling the growth of the rental housing market.
New Rental Housing Platform Launched:
HDFC Capital Advisors Ltd has entered into a strategic partnership with Curated Living Solutions (CLS) to launch a substantial ₹1,000 crore rental housing platform. The new platform will aim to meet the rising need for managed rental housing in India’s large cities.
The new platform will focus on the development, ownership, and management of institutional-grade rental properties. Curated Living Solutions, founded by the owners of the DivyaSree Group, has significant experience in the co-living, student, and worker housing segments, currently managing 13,000 beds.
Market Inflection Point:
Vipul Roongta, HDFC Capital’s CEO, said that the Indian urban rental housing market is undergoing an important transition. He underlined the key role of the rental housing market in improving mobility for a young and mobile generation, especially students, young professionals, and migrant workers. HDFC Capital is a subsidiary of HDFC Bank and mainly concentrates on sustainable development in the affordable, mid-income, and emerging housing markets.
