Student housing startup Good Host Spaces eyes for fourfold expansion
Student housing startup Good Host Spaces Pvt Ltd, co-owned by Housing Development Finance Corp Ltd (HDFC), is eyeing for a fourfold expansion, from the current 14,000 beds to 65,000 beds in the next 18 months.
Currently, Goldman Sachs Group Inc-backed company is operating in Jaipur, Bengaluru, Manipal and Punjab. It further plans to be present in more tier-I and II cities, across all price points.
Nimesh Grover, chief executive officer, Good Host Spaces, said, “Many are trying to build a real track record around the opportunity of student housing, including off campus models combined with living with non-students and temporary stay, single adults. Our approach is a differentiated ‘on campus student housing’ model that partners closely with the university to maintain, not just quality protocols, but also safety, cultural and disciplinary standards in educating children.”
The student housing startup partners with colleges to offer specialized, custom-built student housing services. This partnership provides an opportunity for educational institutions to monetize their non-core student housing to pour back into their core business of offering education.