Student housing brand, Stanza Living, on Friday announced its foray into Bengaluru with the launch of 5,000 beds across 27 residences.

Quirkily-named after popular global cities, these residences are in key student hubs including Bannerghatta, Koramangala, Yelahanka, Mathikere and Electronic City, said Anindya Dutta, Co-founder, Stanza Living. As an educational hub, Bengaluru sees record enrolments from domestic and international migrant students, with only a limited percentage able to find campus-affiliated hostel facilities.

According to Dutta, Stanza Living is focused on this segment and aims to re-imagine the traditional student living experience through its smart, hospitality-like offering. “These residences are fully-furnished facilities with interactive common areas, where students can enjoy a range of amenities including chef-designed menu of wholesome meals, hospitality-grade professional housekeeping, five-star laundry services, high-speed WiFi infrastructure and 24x7 hi-tech security ecosystem, for a comfortable, exciting and hassle-free living experience,” said Dutta.

Bengaluru extremely important market

Talking about their aggressive growth journey, Dutta, said “Student housing continues to be a largely un-organised real estate asset that demands professionally-managed, tech-enabled interventions designed around a student’s unique lifestyle. Bengaluru is an extremely important market for us given the large inflow of student population that the city witnesses every year. In late December, we laid the foundation of our operations in Bengaluru and have already scaled-up capacity and stoked consumer interest – which are indicators of our great product-market fit. Bengaluru is poised to be one of our largest markets in India, second only to Delhi NCR.”

Talking about their tech-driven growth, Sandeep Dalmia, Co-founder, Stanza Living, said “Our foray into the region has been bolstered by our consumer-friendly technology interventions like the Stanza Estate App, which has enabled prospective partners - landlords, developers, real-estate professionals - to connect easily with us. It has also helped our integrated teams (supply sourcing, market research and operations) to assess and lock-in market inventory for development. We will be launching a range of online and offline initiatives to connect with potential business partners as we target an inventory of one lakh beds across the country, by 2021.”

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