HDFC Capital Advisors Limited, the real estate private equity arm of the HDFC Group, has entered a strategic partnership with Curated Living Solutions (CLS), promoted by Bhaskar Raju of the DivyaSree Group, to create a ₹1,000 crore rental housing platform in India. The collaboration aims to address the increasing demand for professionally managed rental homes in major urban centers, offering quality, safety, and sustainability.
Meeting the Urban Rental Demand
India’s urban landscape is evolving rapidly. With a young, mobile population, professionals and students alike are seeking convenient, well-managed rental accommodation that allows flexibility and comfort. HDFC Capital and CLS are stepping into this growing market with a platform designed to develop, own, and operate institutional-grade rental housing assets.
“India’s urban rental housing market is at an inflection point,” says Vipul Roongta, CEO of HDFC Capital. “Rental housing is becoming essential to enhance mobility, particularly for students, young professionals, and migrant workers. This partnership with DivyaSree Group and CLS leverages strong governance and operational expertise to deliver scalable, professionally managed rental housing across India’s top urban centers.”
Leveraging Expertise and Scale
CLS brings substantial experience in co-living, student accommodation, and worker housing. Currently managing over 13,000 beds across India, CLS has built a track record of high-quality development and efficient operations. The partnership with HDFC Capital allows the platform to scale quickly, combining financial strength with operational excellence.
Bhaskar Raju, Promoter of CLS and DivyaSree Group, emphasizes the shared vision: “By combining HDFC Capital’s long-term capital with CLS’s operational expertise, the platform will focus on developing and owning high-quality rental housing assets with a clear emphasis on safety, functional design, and sustainability.”
Jai Challa, CEO of CLS, adds, “Our priority has always been to deliver well-designed, efficiently managed rental housing solutions. Partnering with HDFC Capital allows us to expand across key urban markets and reach more residents seeking reliable rental options.”
Professionalizing India’s Rental Market
The platform aims to support India’s transition from informal rental arrangements to professionally managed, institutionally owned housing formats. With rising urbanization, workforce mobility, and student migration, the demand for safe, convenient, and reliable rental options is stronger than ever. This initiative not only addresses these gaps but also sets a benchmark for quality and governance in the sector.
Institutional-grade rental housing provides several advantages. Residents benefit from professionally maintained properties, predictable costs, and enhanced safety standards. Meanwhile, investors gain structured returns, transparency, and scalable operations. By integrating best practices in property management and design, the platform is poised to offer a sustainable and reliable rental solution.
Looking Ahead
The collaboration between HDFC Capital and CLS represents a significant step in redefining India’s rental housing market. As urban populations grow and mobility increases, professionally managed rental solutions will become increasingly central to housing strategies. With an initial investment of ₹1,000 crore, this platform is expected to expand across multiple urban markets, offering a model that combines financial strength, operational efficiency, and resident-centric design.
Through this partnership, HDFC Capital and CLS are not just investing in real estate—they are building the foundation for the next generation of rental housing in India, making homes safer, more functional, and accessible to the country’s growing urban population.
