Home >Companies >Start-ups >OYO ties up with IIT Delhi to provide housing rental services to students

NEW DELHI : Hospitality start-up OYO has tied up with IIT Delhi and Plaksha University to provide end-to-end fully managed housing experience for students. OYO said it will provide affordable accommodations starting from price as low as 6,500 -12,999 per bed, per month.

All OYO LIFE buildings will be equipped with essential amenities like Wi-Fi connectivity, television, refrigerator, AC, regular housekeeping, power backup, CCTV surveillance, and 24/7 caretaking.

Targeted at millennials and young professionals in search of fully managed homes on long-term rentals, at affordable prices, OYO LIFE offers end-to-end managed, comfortable, high-quality living experience that eliminates the hassles of finding, accessing and managing everyday housing.

"As academic pursuits today require more flexibility and mobility, the demand for fully furnished, fully maintained, internet-ready accommodations and innovative services have increased manifold," Rohit Kapoor, CEO, New Real Estate Businesses, OYO, said in a statement.

OYO LIFE provides students a place to stay closer to their academic institutions. "With OYO LIFE, we are also providing students with a range of affordable amenities such as surveillance and security, Wi-Fi, food, etc to make daily life more convenient. We are confident that our growing presence in the student housing segment will enable us to scale 100K beds by 2019-end," Kapoor said.

Launched in Oct 2018, OYO LIFE has more than 500 buildings, 30,000 beds and is adding 5,000 new beds every month, making it one of the largest businesses for branded fully-managed housing for millennials in India. Currently, OYO LIFE is present in 4 cities in India - Delhi, NCR, Pune, Bangalore and are rapidly expanding base to 4 more cities - Hyderabad, Chennai, Kolkata and Mumbai.

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