Stanza Living claims to have an inventory of more than 75,000 for students and professionals working in 23 cities in India. In addition, the startup recently launched a new business vertical in the form of campus facility management.
The living spaces offer
basic amenities within easy reach and also have common areas such as the cafeteria, conference room, gym and other facilities. Living spaces align with this preference by providing not only a place to stay, but also a vibrant community with which interact.In addition, since the Indian government focuses on affordable housing and smart cities, living spaces that align with these initiatives could receive support and incentives. Spaces are usually rented to startups that need them during projects or when the team has to meet, and the space can be re-emptied when it's no longer needed. In recent years, living spaces have become fashionable among students and young working professionals, especially in metropolitan areas. The residents of living spaces come from all walks of life and range in age from their twenties to retirees.
In addition to urban professionals, shared housing providers target students, the elderly and even working parents, adapting spaces and services to their specific needs. Coliving addresses this challenge by offering compact, furnished spaces at reasonable prices, allowing people to live closer to their workplaces and enjoy of an uncomplicated lifestyle.
