OYO has entered into long-term fully managed housing rentals – OYO Living, geared to provide upgraded living experiences at an affordable price for India’s young and growing population.
OYO Living will offer end-to-end managed, a comfortable, high-quality living experience that eliminates the hassles of finding, accessing and managing everyday housing.
Starting with INR 7999, per bed, per month, OYO Living will help residents save on brokerage, lock-in periods, and the hassle of searching for house help and support services involved while moving to a new residence.
For asset owners, OYO takes complete control of their property, including regular maintenance and professional upkeep of their properties, while ensuring guaranteed rental yields.
At the time of launch, OYO Living will have 35+ live properties, with over 2000 beds in Noida, Gurugram, Bengaluru, and Pune, targeted at the always-on generation of millennials and young professionals. With most assets currently operating already resulting at full occupancy, OYO Living will aim to expand to the top 10 metros by the end of 2019 and will offer over 50,000 beds.