HDFC Capital has teamed up with Curated Living Solutions to create a rental housing platform, with a target of ₹1,000 crore
By Bricksnwall | 2026-01-29
HDFC Capital Advisors Limited and Curated
Living Solutions have joined forces to create India's inaugural, large-scale
institutional rental housing platform.
HDFC Capital Advisors Limited, the real
estate private equity division of the HDFC Group, has joined forces with
Curated Living Solutions (CLS). Together, they're launching India's inaugural
large-scale institutional rental housing platform. Backed by a ₹1,000 crore
investment, the platform will be responsible for the development and management
of rental properties. These will encompass co-living spaces, student housing,
and accommodations for workers, all concentrated in major urban areas. The
goal? To bring a new level of structure to India's rental housing market.
The company stated its intention to
concentrate on creating, owning, and managing rental housing assets of
institutional quality. This is in response to the increasing need for
professionally managed rental options in prominent cities.
The collaboration aims to capitalize on
enduring demographic shifts and urbanization patterns. This includes factors
like workforce and student movement, along with changing lifestyle choices. The
goal is to facilitate the transformation of India's rental housing sector,
steering it toward more structured, institutionally managed models, as the
company outlined in its statement.
CLS offers a wide array of development and
operational expertise in co-living, student housing, and worker accommodations,
managing more than 13,000 beds throughout India, according to their statement.
"India's urban rental housing sector is
undergoing a transformation, driven by a youthful and transient population.
Rental housing is vital for improving mobility, especially for students, young
professionals, and migrant workers. Divyasree Group and CLS have a solid
history of governance and execution, and this collaboration will concentrate on
creating scalable, professionally managed rental housing properties in India's
leading urban areas," stated Vipul Roongta, CEO of HDFC Capital.
Bhaskar Raju, a promoter with Curated Living
Solutions and the DivyaSree Group, explained the plan: "By leveraging HDFC
Capital's long-term investment capabilities alongside CLS's operational
know-how, this platform will concentrate on creating and managing top-tier
rental housing. Safety, practical design, and sustainability will be at the
forefront."
Jai Challa, CEO of Curated Living Solutions, added, "Our focus has always been on providing well-designed and effectively managed rental housing. Teaming up with HDFC Capital gives us the opportunity to grow the platform and broaden our reach in India's major urban centers."
HDFC Capital, a part of HDFC Bank Limited, serves as the real estate private equity division within the HDFC Group. The firm is dedicated to supporting the Indian government's "Housing for All" program, channeling funds into the construction of housing that is both affordable and suitable for middle-income and emerging markets, all while prioritizing sustainability. HDFC Capital acts as the investment manager for four SEBI-registered Category II Alternative Investment Funds. These funds, taken together, form a $4.5 billion platform focused on residential development projects throughout India.
Curated Living Solutions, a venture from the
DivyaSree Group's founders, offers an alternative housing option across India.
They currently oversee 13,000 beds nationwide. The company focuses on creating
and managing institutional-grade rental properties, encompassing student
housing, co-living spaces, and accommodations for workers, all under its
various brand names.
Source: Hindustan Times
