Union Living to launch 500 Beds Across Three Build-to-Suit

Mumbai, March twenty second, 2024—Union Living, a number one co-living startup, is proud to announce the launch of its progressive Build-to-Suit (BTS) co-living housing properties in Mumbai and Pune. The new BTS properties will embody 200 beds property named ‘Southside’ in Mahalakshmi, Mumbai, 150 beds property named ‘Terra’ in Juhu, Mumbai, and 150 studio residences in Koregaon Park, Pune.

Union Living is devoted to bettering the co-living expertise with fashionable, safe, and customised lodging. This initiative represents a serious milestone within the co-living sector, providing tailor-made dwelling areas designed for college kids and younger professionals.

Co-funded by Rishab Soni and Parth Soni in 2020, Union Living is increasing its portfolio with the addition of those new beds. By June 2024, the corporate’s operational co-living beds are set to enhance to 1,500 throughout 9 properties in Mumbai and Pune.

The firm caters to each college students and dealing professionals. It additionally gives short-term keep services. The firm gives rental lodging at a beginning value of Rs 20,000 per mattress. The price goes up to as excessive as Rs 45,000 per mattress.

“We are thrilled to introduce first-of-its-kind build-to-suit co-living lodging in Mumbai,” mentioned Parth Soni, Co-Founder of Union Living.

“These BTS properties have been meticulously designed in-house by a devoted staff of architects, in collaboration with a panel of scholars, to make sure that their particular wants and preferences are seamlessly built-in into the design,” added Parth.

Rishabh Soni, Co-Founder of Union Living mentioned, “Build-to-suit properties supply superior house utilization and custom-designed layouts, enhancing performance and effectivity. Such properties can accommodate extra facilities and options that improve the general consumer expertise. With long-term lease agreements, build-to-suit tasks present stability and predictability for rental earnings. Overall, they maximize house utilization, design flexibility, and monetary advantages for operators, buyers and property homeowners.”

Union Living’s BTS properties are scheduled to go reside in May 2024 in Mahalakshmi, with plans to signal an extra 1,000 beds within the close to future. These developments signify the corporate’s dedication to increasing its footprint and enhancing the co-living expertise throughout Mumbai.

The demand for co-living areas and build-to-suit properties has been steadily growing, pushed by elements corresponding to urbanization, rising scholar and dealing skilled populations, and altering way of life preferences.

Union Living’s progressive method to co-living lodging underscores its dedication to delivering distinctive dwelling experiences that cater to the evolving wants of right now’s residents. By combining high quality building, considerate design, and customized providers, Union Living goals to redefine the requirements of co-living in Mumbai and past.