HDFC Capital Advisors Limited, the real estate private equity arm of the HDFC Group, has entered a strategic partnership with Curated Living Solutions (CLS), promoted by Mr. Bhaskar Raju of the DivyaSree Group, to establish a INR 1,000 crore rental housing platform in India.
The platform will focus on the development, ownership, and operation of institutional-grade rental housing assets to meet the growing demand for professionally managed rental accommodation across major urban centres. The partnership seeks to leverage long-term demographic and urbanization trends, including workforce and student mobility and evolving lifestyle preferences, while supporting the transition of India’s rental housing market towards organised, institutionally owned formats.
CLS brings extensive development and operational capabilities across co-living, student accommodation, and worker housing, and currently manages over 13,000 beds across India.
Commenting on the partnership, Vipul Roongta, CEO, HDFC Capital, said “India’s urban rental housing market is at an inflection point, shaped by a young and mobile population and rental housing is essential to enhance mobility, particularly for students, young professionals, and migrant workers. Divyasree Group and CLS have strong governance and execution track record, and this partnership will focus on development of scalable, professionally managed rental housing assets across top urban centers in India.”
Bhaskar Raju, Promoter, Curated Living Solutions and DivyaSree Group, said “By combining HDFC Capital’s long-term capital with CLS’s operating expertise, the platform will focus on developing and owning high-quality rental housing assets with a clear emphasis on safety, functional design, and sustainability.”
Jai Challa, CEO, Curated Living Solutions, added “Our priority has been to deliver well-designed and efficiently managed rental housing solutions. Partnering with HDFC Capital allows us to scale the platform and expand our presence across key urban markets in India.”
About HDFC Capital Advisors Limited
HDFC Capital, a subsidiary of HDFC Bank Limited, is the real estate private equity arm of the HDFC Group. Aligned with the Government of India’s ‘Housing for All’ initiative, HDFC Capital focuses on financing the development of affordable, mid-income, and emerging housing segments in a sustainable manner. HDFC Capital is the investment manager to four SEBI-registered Category II Alternative Investment Funds, collectively representing a US$ 4.5 billion platform dedicated to residential-led development in India.
For more information, visit www.hdfccapital.com
About Curated Living Solutions
Curated Living Solutions, promoted by the owners of the DivyaSree Group, is a premier alternative housing platform in India, managing 13,000 beds pan India. The company specializes in developing and managing institutional-grade rental housing, including student housing, co-living, and worker housing under its brands.
