Managed living platform Curated Living Solutions (CLS) plans to expand its capacity to 50,000 beds over the next five years, up from the current 15,000 beds, as the company accelerates growth through a combination of owned and leased properties.
Jaikishan Challa, Founder & CEO, Curated Living Solutions, said the company aims to increase its capacity to 25,000 beds within the next two years while capitalising on rising demand for organised student housing, co-living spaces and industrial accommodation.
Currently, CLS operates across 10 cities and plans to expand each of its hubs to approximately 5,000 beds by adopting a hub-and-spoke model. While the company will continue leasing and retrofitting buildings to enter new markets quickly, it also intends to significantly increase its portfolio of owned properties through purpose-built developments.
“We want at least 50 per cent of the 50,000 beds we operate to be owned by us,” Jaikishan Challa, Founder & CEO, Curated Living Solutions, said. He added that the company plans to pursue both greenfield developments and brownfield acquisitions to strengthen its asset-heavy portfolio.
CLS currently follows an asset-light strategy while entering new markets. Initially, the company leases properties to understand local demand and occupancy patterns before making long-term real estate investments. Once occupancy levels stabilise at around 80-90 percent, CLS evaluates opportunities to develop or acquire purpose-built accommodation in those locations.
Besides student and co-living accommodation, the company is witnessing increasing demand for industrial housing as manufacturing companies seek to improve employee retention by providing quality accommodation closer to production facilities.
Challa said purpose-built managed housing can reduce operating costs, improve workforce productivity and generate returns comparable to other real estate asset classes. As a result, the segment is becoming increasingly attractive to both real estate developers and institutional investors.
With demand for organised managed living continuing to rise across multiple segments, Curated Living Solutions aims to strengthen its nationwide presence through a balanced strategy of leased expansion and owned asset development. The company’s long-term growth plans also position it to capitalise on increasing institutional interest in India’s evolving managed housing sector.
