Mumbai, March 4, 2020: Stanza Living, India’s largest student housing company, has expanded its value proposition by launching 30+ customized living spaces for working professionals. Starting with a combined 10,000 beds capacity across Hyderabad, Bangalore, Pune, and Coimbatore, the company is building a separate business line designed around the lifestyle needs of working professionals. At the same time, the company will continue deepening foothold of its flagship student housing business in new and existing markets.
Shared living sector in India has largely been fragmented and unorganized, suffering from infrastructure and service quality gaps like – ill maintained and cramped buildings, poor quality food, lack of access to daily facilities and more. Stanza Living was conceptualized to reimagine this experience with its end-to-end managed, service-focused, technology-enabled living and accommodation solutions designed to suit the lifestyle needs of the new-age migrant consumer. Consumers can access a host of high-quality living solutions including vibrant, adaptively-designed residence spaces, chef-curated meals, WiFi, laundry service, housekeeping and round the clock security for hassle-free living.
Stanza Living’s solutions for working professionals have been developed after 10 months of research and planning, which also included interviews with 3,000 graduating students, entry-level working professionals, and property owners. The insights gathered on their lifestyle requirements have been used to create a customized shared living space for migrant working professionals.
Speaking on its new business category, Anindya Dutta, MD and Co-founder, Stanza Living, said, “Having built India’s largest student living company and catering to student needs across 10 cities, venturing into the working professional category was the next natural progression for Stanza Living. Pune, being an upcoming hub for professionals across industries, is fit to become a fast-growing market in this category. Post our launch in Pune, we will continue to expand this category aggressively across the country and strengthen our position as India’s largest shared living operator.”
Sandeep Dalmia, MD and Co-founder, Stanza Living said “Our foray into the working professionals category follows the journey of our student consumers. As they graduate and become potential migrant working professionals, we want to continue delivering an aspirational lifestyle solution adaptable to their evolving needs, wherever they migrate. We are excited to launch our holistic value proposition with 10,000 beds addressing the discerning needs of the diverse migrant working population.”
There is a sizable population in the state, dependent on private rental housing facilities. Stanza Living is geared to serving the lifestyle needs for this vast new-age consumer base through its dedicated solutions for each category of residents.
About Stanza Living
Stanza Living (www.stanzaliving.com) is India’s largest shared living company offering dedicated solutions for students and working professionals with an inventory of 55,000+ beds across 10+ cities in India. A tech-enabled, community living concept, Stanza Living delivers world-class living experiences built on a wide array of amenities and services for convenient living, and operated by a professional team. The company is backed by marquee global investors like Equity International, Falcon Edge Capital, Sequoia India, Matrix, Accel Partners and Alteria Capital.
About the Founders
Stanza Living was co-founded by Sandeep Dalmia and Anindya Dutta in 2017. Dalmia is an alumnus of Delhi College of Engineering and IIM Ahmedabad. Prior to Stanza, he was a Principal at Boston Consulting Group. Dutta was previously a Real Estate investor with Oaktree Capital and prior to that, he worked at Goldman Sachs In London. He is an alumnus of IIT Kharagpur and IIM Ahmedabad.
