Union Living, a leading co-living startup, proudly introduces its innovative Build-to-Suit (BTS) co-living housing properties in Mumbai and Pune. These new properties include ‘Southside’ with 200 beds in Mahalakshmi, Mumbai, ‘Terra’ with 150 beds in Juhu, Mumbai, and 150 studio apartments in Koregaon Park, Pune.
Union Living is committed to enhancing the co-living experience by offering modern, secure, and personalized accommodations. This venture marks a significant milestone in the co-living industry, providing tailored living spaces for students and young professionals.
Founded by Rishab Soni and Parth Soni in 2020, Union Living is expanding its portfolio by adding these new beds. By June 2024, the company plans to increase its operational co-living beds to 1,500 across nine properties in Mumbai and Pune.
Catering to students and working professionals alike, the company also offers short-term stay options. Rental accommodation starts at Rs 20,000 per bed and can go up to Rs 45,000 per bed.
“We are thrilled to introduce first-of-its-kind build-to-suit co-living accommodation in Mumbai,” said Parth Soni, Co-Founder of Union Living.
“These BTS properties have been meticulously designed in-house by a dedicated team of architects, in collaboration with a panel of students, to ensure that their specific needs and preferences are seamlessly integrated into the design,” added Parth.
Rishabh Soni, Co-Founder of Union Living, said, “Build-to-suit properties offer superior space utilization and custom-designed layouts, enhancing functionality and efficiency. Such properties can accommodate additional amenities and features that enhance the user experience. With long-term lease agreements, build-to-suit projects provide stability and predictability for rental income. Overall, they maximize space utilization, design flexibility, and financial benefits for operators, investors and property owners.”
Union Living’s BTS properties are set to launch in May 2024 in Mahalakshmi, with plans to secure an additional 1,000 beds soon. These developments highlight the company’s dedication to expanding its presence and improving the co-living experience throughout Mumbai.
The demand for co-living spaces and build-to-suit properties continues to rise due to urbanization, increasing student and professional populations, and shifting lifestyle preferences.
Union Living’s innovative approach to co-living accommodation demonstrates its commitment to providing exceptional living experiences tailored to the evolving needs of residents today. By blending quality construction, thoughtful design, and personalized services, Union Living aims to redefine co-living benchmarks in Mumbai and beyond.
