Homey Aims for 10,000 Co-Living Beds by 2027, Emphasizing Inclusivity

Homey, a rising star in India’s co-living sector, has announced an ambitious plan to scale its operations to 10,000 beds by 2027, capitalizing on the growing demand for affordable and inclusive shared living spaces. The startup, which currently operates over 1,000 beds, intends to add 5,000 beds this financial year and another 5,000 in FY27, according to a recent statement.

It is starting off with a 2,000-new-bed plan in the next six months in the East Delhi, Laxmi Nagar, which has a 120-bed project. The spaces developed by the company are co-living where all people are invited: the students, young professionals, and migrant workers, which provide a sense of community, modern facilities, and flexible leasing. This step is taken as the real estate sector in India is growing at full swing, where 2024 is estimated to hit a high in terms of home sales, as the economy is also growing well and so are the infrastructure development projects.

• Homey Targets 10,000 Co-Living Beds by 2027, Taps Inclusive Urban Demand
• Co-Living Startup Homey Plans Rapid Expansion with 5,000 New Beds in FY25
• Homey Bets Big on Inclusive Co-Living, Eyes Tier 2 & 3 Cities in ₹13.9B Market Push

In India, the co-living market is on its sloping ascent as industry analysts anticipate growth to reach its peak of 13.92 billion dollars by 2025, which requires approximately 5.7 million beds as reported by Cushman & Wakefield. Homey is taking advantage of this, with finance of both Indian and international investors. The company is unique in that is focuses on sustainability, technology and being affordable and covers other major cities going to small towns like Tier 2 and Tier 3.

“Co-living is reshaping urban living by offering flexible, community-oriented solutions,” said a Homey spokesperson. “Our goal is to create inclusive spaces that cater to diverse needs while maintaining high standards of comfort and convenience.”

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Since the residential real estate market in India is projected to sell more than 300,000 houses in 2024 in the seven key cities, the growth of Homey may not be misplaced. The firm is establishing itself as a stakeholder in the Co-living market that is projected to help the India real estate market achieve a mark of 1 trillion in 2030. Combining the economical and with the modernity Homey is contributing to shaping up the future of urban houses in India.