As the coliving market regains some vigor after a trying pandemic period, we have with us today Rishi Sreedharan, the Co-Founder and CEO of Hyphen, a community focused CoLiving operator.
Renting a home as a student or young professional in India can be a daunting task. Younger renters, especially in metro cities, are either priced out of suitable accommodation, or on the receiving end of structural problems in Indian rental markets. This gap between demand and supply has historically lead to the proliferation of unregulated PGs and hostels, which many young Indians are forced to rely on, in spite of the lack of standardized quality, safety amenities and often hygiene.
Today, however, things are changing, with the emergence and growth of professionally managed and curated rental options for India’s millennials and Gen Zs, through both student housing, and co-living. Co-living is a community focused residential format giving occupants professionally managed spaces, standardized services, amenities and above all a like-minded community to engage with and belong to.
A civil engineer by education with MBA from the Fuqua School of Business, Rishi worked in REITs and Wealth Management in the USA, before returning to India, where he decided to leverage his industry experience and family legacy to address the need for quality housing options for younger people in India, by founding Hyphen.
Hyphen currently operates across Delhi NCR, Bengaluru and Hyderabad, but aims to expand into new markets and sub-sectors in the near future.
Today, Rishi talks to us about the need for coliving, the range of offerings in the market, and the prospects for the co-living market in India, in the foreseeable future.
So without further ado, get ready for some Concrete Conversations!
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