HDFC Capital Advisors, the real estate private equity arm of the HDFC Group, on Wednesday said it has entered a strategic partnership with Curated Living Solutions (CLS), promoted by Bhaskar Raju of the DivyaSree Group, to set up a Rs 1,000 crore rental housing platform in the country.
The platform will develop, own and operate of institutional-grade rental housing assets to meet the growing demand for professionally managed rental accommodation across major urban centres, it said.
Leveraging Urbanization Trends
“The partnership seeks to leverage long-term demographic and urbanization trends, including workforce and student mobility and evolving lifestyle preferences, while supporting the transition of India’s rental housing market towards organised, institutionally owned formats,” he said.
CLS brings extensive development and operational capabilities across co-living, student accommodation, and worker housing, and currently manages over 13,000 beds across the country, it said.
Enhancing Workforce Mobility
Vipul Roongta, CEO, HDFC Capital, said “India’s urban rental housing market is at an inflection point, shaped by a young and mobile population and rental housing is essential to enhance mobility, particularly for students, young professionals, and migrant workers.”