HDFC Capital Launches Rs. 1,000 Cr Rental Housing Platform

HDFC Capital Advisors Limited, the real estate private equity arm of the HDFC Group, has partnered with Curated Living Solutions (CLS) to launch India’s first large-scale institutional rental housing platform.

Backed by an investment corpus of Rs. 1,000 crore, the platform will develop, own, and operate rental housing assets across co-living, student housing, and worker accommodation, primarily in top urban centres, aiming to formalise India’s largely unorganised rental housing market.

The platform will focus on creating institutional-grade rental housing to address rising demand for professionally managed rental accommodation in major cities.

Key Highlights

• Rs. 1,000 crore platform to formalise India’s rental housing market
• Focus on co-living, student housing, and worker accommodation
• Backed by HDFC Capital’s $4.5B residential investment platform

The initiative is aligned with long-term demographic and urbanisation trends, including growing workforce mobility, student migration, and evolving lifestyle preferences. It also supports the shift of India’s rental market toward organised, institutionally owned formats.

Curated Living Solutions brings strong development and operational expertise in alternative housing segments and currently manages over 13,000 beds across India in co-living, student accommodation, and worker housing.

“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,” said Vipul Roongta, CEO, HDFC Capital.

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.”

“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,” said Jai Challa, CEO, Curated Living Solutions.

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HDFC Capital, a subsidiary of HDFC Bank Limited, operates as the real estate private equity arm of the HDFC Group. In line with the Government of India’s ‘Housing for All’ initiative, it finances affordable, mid-income, and emerging housing segments sustainably. CLS is promoted by the owners of the DivyaSree Group and specializes in institutional rental housing under multiple brands.