The Shelter Desk
News on India's coliving, PG and student-housing market — funding, launches, IPOs, regulation and rent trends. Every story links to the original reporting.
10
Nov 2022
Expansion & launches · Settl.
Settl. opens four coliving centres in Bengaluru
Settl. set up four centres with 200+ beds in Bengaluru and said it would expand to Hyderabad, Chennai, Pune and Delhi-NCR.
Source: LatestLY
14
Oct 2022
Expansion & launches · Settl.
Settl. to add 1,000 beds in Hyderabad's Hitec City
Settl. announced 1,000 new beds near Hitec City on top of five Hyderabad centres in Madhapur, Gachibowli and Jubilee Hills, priced roughly Rs 9,000–12,000 a bed.
Source: Telangana Today
31
Aug 2022
Expansion & launches · Settl.
Settl. plans to double capacity to 4,000 beds
Settl., running about 2,000 beds across 40 properties in Bengaluru, Gurugram and Hyderabad, said it would add another 2,000 beds by June 2023 as office returns lift demand.
Source: Realty n More
18
Jul 2022
Policy & regulation
Hostel accommodation under Rs 1,000/day becomes taxable
From 18 July 2022 the earlier exemption for budget accommodation lapsed and hostels charging under Rs 1,000 a day attracted 12% GST, triggering pushback from students.
Source: TaxGuru
