Hyderabad, Jun 7: India’s leading student housing brand, Stanza Living, expanded its footprint in Telangana by launching its student-accommodation operations in Hyderabad with a capacity of 2,000 beds.
These professionally-managed, tech-enabled accommodations are present in student-preferred areas of Kukatpally and Nizampet, the company said in a release here on Thursday.
The company has an inventory of 22,000 beds across 9 cities in the country and will be launching 1 lakh beds by 2021.
It is currently present in Delhi NCR and Bangalore, expanding simultaneously in Pune, Chennai, Coimbatore, Dehradun, Indore and Vadodara.
As per AISHE 2017-2018, Hyderabad, with around 470 institutes is the third largest student education hub in the country and a leading centre of education in Southern India for diverse graduate and post-graduate programmes.
With an average intake of around 70,000 students (As per Telangana State Council of Higher Education), the city sees high enrolments from both domestic and international migrant students. With campus-affiliated hostel facilities being able to accommodate only a certain percentage of the student population, there is a need for high-quality, student accommodations designed to suit their academic and personal requirements.
Stanza Living, which focused on this segment, offers fully-designed and furnished accommodation rooms besides interactive entertainment and community areas, chef-designed menu of nutritious regional meals, professional housekeeping services, five-star grade laundry facility, WiFi and 24x7 hi-tech security ecosystem.
Stanza Living also launched its first-of-its-kind programmes Stanza Social and Stanza Springboard, designed to create an exciting student community environment. These programmes offer lots of activities for personal and professional development so that students can adjust, live and grow together.
Stanza Springboard complements their academic curriculum with industry-learning with activities like resume-building classes, industry talks and internship opportunities.
Speaking about their expansion, Stanza Living Co-founder Anindya Dutta, said “There exists a substantial demand-supply gap in student housing segment, which is largely an unorganised real estate asset. Over the years, Hyderabad has become one of the key educational hubs of the country and we feel it will be a high-potential market for us in Southern India, as we target a capacity of 1 lakh beds by 2021.
Backed by global investors like Sequoia Capital, Accel Partners, Matrix Partners and Alteria Capital, the company is the fastest growing student housing brands in the country, Mr Dutta said.