This year, the company plans to add 30,000 beds. The average rent per month is about Rs 7,000 per bed.Builders actively working on this model include the DRA Group and Olympia Group.Investors say rental yields from co-living are two to four times higher than traditional residential asset classes. The rentals charged by these co-living spaces are usually inclusive of all facilities and yet affordable for the average young professional. However, a large part of our inventory still comes from the retail asset owners,” Rohit Kapoor, the CEO of India & South Asia at Oyo, told ET in October. Launched in October 2018, Oyo said it’s co-living vertical was adding 5,000-8,000 beds a month.

Source: Economic Times January 02, 2020 02:37 UTC