Your-Space is currently expanding to 15,000 beds across the nation by the end of July, 2022. A roadmap is in place to double Your-Space’s count to 30,000 beds by 2023.
As the first student housing company to implement a digital booking platform, Your-Space has enabled students to book online using virtual tours of the space, rather than the traditional process of visiting hostels first. The website has proven to be the fastest mode to book rooms at Your-Space, attaining a visible growth of 50% each month. This past month, Your-Space experienced the highest organic website visits, proof of the impressive current occupancy rate of 85%+ across all cities.
After Your-Space tripled the size of its business in the last two years, on track for its fiscal year projection, the promise as a trusted brand for students enabled Your-Space to withstand and grow even during the pandemic.
Investing up to 50 crores in the nation-wide expansion, Nidhi Kumra, Co-founder and CEO, Your-Space, discussed how this has always been a part of your-space’s growth plans. “These cities are the educational hubs of India, where students travel away from their homes and work hard towards their dreams. Being able to provide your-space’s facilities here would help several students find a community and the safety of their homes.”
As the number 1 housing-brand in competitive markets like Mumbai and Delhi, Your-Space is lining up to achieve the same in all cities with this nation-wide expansion. The largest for this season starting in Bangalore, Delhi, Pune, Ahmedabad, Dehradun and Mumbai.
Your-Space’s comfortable and secure atmosphere with home-like food, friendly wardens, and diligent COVID-19 protocols has brought in an increased demand with students. This is assisted by Your-Space’s understanding in the micro markets of its operation. With the COVID-19 uncertainty also beginning to ease out, students are excited to return to their old college lifestyle, which Your-Space is here to accommodate with its nationwide expansion underway.
