OYO ventures into the student housing segment

OYO will now offer end-to-end fully managed housing experience for students by collaborating with IIT Delhi and Plaksha University. The hospitality firm will be providing affordable accommodations starting from price as low as Rs 6,500 -12,999 per bed, per month, under OYO LIFE.

OYO LIFE building will have essential amenities such as Wi-Fi connectivity, television, refrigerator, AC, regular housekeeping, power backup, CCTV surveillance, and 24/7 caretaking.

OYO LIFE is targeted at millennials and young professionals in search of fully managed homes on long-term rentals, at affordable prices.

Rohit Kapoor, CEO, New Real Estate Businesses, OYO, said, “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.”

OYO LIFE offers 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 further stated.

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