Apart from Lodha and Godrej, Housr has also received funding from Harsh Patodia, president-elect of industry body Confederation of Real Estate Developers’ Association of India (Credai). We are leasing out existing properties on a long term basis of around nine years. We will refurbish and re-purpose those existing properties, creating amenities...like gym, lounge, etc.," Anand said. The big names in the shared living space include startups such as NestAway and Oyo Homes. According to real estate experts, the booming shared office space may soon be heading into a consolidation, leading to shutting down of several smaller operators.

Source: Mint April 29, 2019 18:22 UTC