E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. Realty Spotlight

Co-Living Startup Union Living To Add 1,000 Beds In Mumbai

Co-Living Startup Union Living To Add 1,000 Beds In Mumbai

BY Realty Plus
Published - Tuesday, 23 Jan, 2024
Co-Living Startup Union Living To Add 1,000 Beds In Mumbai

Co-living startup Union Living has chalked out an expansion plan for the current calendar year wherein it will add 1,000 beds across various key locations in Mumbai region.

Started by two co-founders Rishab Soni and Parth Soni in 2020, Union living current portfolio includes 1050 operational beds across nine properties in Mumbai, Pune and Ahmedabad.

The company caters to both students and working professionals. It also provides short-term stay facilities. The company provides rental accommodation at a starting price of Rs 20,000 per bed. The rate goes up to as high as Rs 45,000 per bed.

As per the plan, Union Living will launch 220 beds in Mahalakshmi, 180 beds in Juhu, 100 beds in Khar/Santacruz, 150 beds in Goregaon/Malad, 100 beds in Chembur, and 200 beds in Navi Mumbai. Among these, a minimum of three properties, comprising approximately 500 beds in total, will be developed as Built-to-Suit (BTS) properties, offering customized facilities to better cater to the needs of occupants. These BTS properties are expected to go live by July this year.

The company will invest Rs 10 crore on this expansion. The fund will be largely used for security deposit to landlord and interior works of its new centres.

Union Living generally takes properties from owners on long-term lease basis. It is also open to form revenue-share partnerships with property owners.

Rishabh Soni, co-founder, Union Living said, “The strategy of new launches within Mumbai micro market reflects Union Living's commitment to providing quality living spaces in diverse neighbourhoods, catering to the specific needs and preferences of its target tenants."

"Our focus remains on creating vibrant, stylish, and comfortable living environments that resonate with the dynamic lifestyles of millennials and Gen Z.”

This expansion is part of Union Living's commitment to providing quality co-living spaces to outstation millennials and Gen Z, offering a community-centric experience through a range of in-house events covering music, festivities, mental health, personal development, and more.

“The demand for quality co-living spaces is robust, and we perceive significant growth potential within this segment. In addition to expanding in Mumbai, we have plans to introduce new properties in Pune and other cities,” said Parth Soni, co-founder, Union Living.

Union Living caters to a diverse target audience, encompassing working professionals and students aged between 18 and 35, with an inclusive approach towards both male and female individuals.

Specifically designed for outstation students and full-time working professionals relocating for employment opportunities, the co-living spaces are tailored to accommodate a middle to upper-middle-class income range.

 

RELATED STORY VIEW MORE

Ar Kavita Batra Blends Sea, Sun, Sand And Spirituality in Goa
Ar Parul Zaveri’s Stone Domes of Lime, Rubble and Rhythm
Kalina Campus Gets a Miyawaki-Themed Forest

TOP STORY VIEW MORE

Supreme Infrastructure Wins Rs 450 Cr Turnkey Contract for PAP Housing

Supreme Infrastructure India Ltd (SIIL), EPC & infrastructure company, has secured a Rs 450 Cr turnkey construction contract for the development of a PAP housing in Powai.

25 June, 2025

NITCO Strengthens Partnership with New Rs 45 Cr Order from Prestige Group

25 June, 2025

India’s Sunkind Energy Partners with Global Leader ConfirmWare

25 June, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website