World-class student residence provider, Stanza Living, launched Stanza Estate app, designed to enable quick and efficient listing of properties. The app was launched as part of its growth strategy to reach one lakh bed-capacity by 2021. The app will allow property owners, brokers, real estate consultants and developers, to partner with Stanza Living in an effective manner, to create bespoke, high-quality student accommodations. It will help create an ecosystem of property owners across the country, to launch student accommodations in key educational hubs like Bengaluru, Hyderabad, Chennai, Pune, Indore, Ahmedabad, among others.
Stanza Living operates a full-stack business model that transforms properties into student-friendly residences, provides a wide array of amenities for a hassle-free living experience and ensures end-to-end service delivery management. The company has recently received a fresh funding of $10 million, from marquee global investors like Sequoia Capital, Matrix and Accel Partners.
Speaking about the launch Anindya Dutta and Sandeep Dalmia, Co-founders, Stanza Living, said “We are on an aggressive growth path and have an ambition to target a capacity of over one lakh beds by 2021. Our intent is to create a pan-India student housing brand so that the millions of migrating students in the country can be assured of a high-quality residential experience. The Stanza Estate App is the first step to engage like-minded property owners, brokers and consultants and work together to create a high-yield proposition. We will be launching a series of outreach programmes to engage potential partners and find synergies, as we build a world-class student brand.”
Speaking about the impact on business efficiencies, they said “Launched as a pure listing platform, future updates of the app will have powerful data analytics engines and property evaluation algorithms to allow real-time evaluation of the viability of a property as a student living asset. This will create an efficient information exchange and operational liaison between our business teams, allow real-time updates to our potential partners and faster sourcing of property supply to grow our footprint.”
The Stanza Estate App provides:
- An intuitive interface and easy navigation enabling the user to share a repository of comprehensive property details
- Real-time update on property assessment, shortlisting and selection
The Stanza Living team will subsequently partner to transform selected properties into student accommodations and take care of complete everyday operations.
Student housing is a largely unorganized market, which suffers significant infrastructure and service quality gaps. Despite being a high-demand sector generating revenues of over $15 billion, there has been no significant disruption in the sector to deliver a high-quality student community-living product. Stanza Living is focusing on reimagining the student living experience in India, to ensure that the over 11 million migrant students in the country can enjoy global standard housing solutions.