HDFC Capital Partners With Curated Living Solutions to Launch ₹1,000 Crore Rental Housing Platform
India’s rental housing market is finally stepping into the spotlight. Urbanisation accelerates every year. Students move cities for education. Young professionals chase better opportunities. Migrant workers support India’s growth engine. Yet, quality rental housing still struggles to keep pace with demand. Against this backdrop, HDFC Capital Advisors Limited has taken a landmark step. The real estate private equity arm of the HDFC Group has partnered with Curated Living Solutions (CLS) to launch India’s first large-scale institutional rental housing platform, backed by a robust ₹1,000 crore investment corpus.
This partnership signals more than just capital deployment. It reflects a long-term vision to formalise and professionalise India’s fragmented rental housing ecosystem.
A New Chapter for Institutional Rental Housing
To begin with, the platform will focus on the development, ownership, and operation of institutional-grade rental housing assets. It will actively cater to co-living spaces, student housing, and worker accommodation.
These segments continue to witness rapid demand growth across Indian cities. Students seek safety and proximity to campuses. Young professionals prefer flexibility and managed living. Migrant workers look for affordable, well-connected housing options.
Instead of scattered supply, this platform aims to create scalable, professionally managed rental assets across major urban centres. As a result, tenants can expect consistency, transparency, and quality.
More importantly, the initiative introduces a structured ownership model, which India’s rental housing market has long lacked.
Urbanisation and Mobility Drive Demand
India’s demographic and urban trends strongly support rental housing growth. The country has one of the youngest populations globally. Workforce mobility continues to increase. Lifestyle preferences also shift toward flexibility.
Every year, millions relocate temporarily for education or employment. However, traditional rental markets often lack proper management, safety standards, and reliable service.
This is where institutional platforms play a critical role.
According to HDFC Capital, the partnership aims to leverage long-term trends such as student mobility, workforce migration, and evolving urban lifestyles. By doing so, it supports the transition of rental housing from informal arrangements to organised, institutionally owned formats.
In the long run, this shift improves urban mobility and enhances living standards.
CLS Adds Execution Strength and Operating Expertise
While capital matters, execution matters even more. Curated Living Solutions brings strong development and operational capabilities to the platform.
Currently, CLS manages over 13,000 beds across India, spanning co-living, student accommodation, and worker housing. Promoted by the owners of the DivyaSree Group, CLS has built a solid reputation for governance and on-ground execution.
The company focuses on functional design, safety, and sustainability. These elements align closely with modern tenant expectations.
By combining HDFC Capital’s long-term investment approach with CLS’s operational expertise, the platform aims to deliver durable, income-generating rental assets across top urban markets.
Leadership Speaks on the Opportunity
Commenting on the development, Vipul Roongta, CEO of HDFC Capital, highlighted the timing of the initiative.
He noted that India’s urban rental housing market has reached an inflection point. A young and mobile population increasingly relies on rental housing to support education and employment mobility. According to him, strong governance and execution capabilities form the foundation of this partnership.
Meanwhile, Bhaskar Raju, promoter of Curated Living Solutions and DivyaSree Group, emphasised asset quality. He stated that the platform will focus on developing and owning high-quality rental housing assets with a clear emphasis on safety, design efficiency, and sustainability.
Additionally, Jai Challa, CEO of Curated Living Solutions, underlined scalability. He shared that partnering with HDFC Capital allows CLS to expand its footprint across key urban markets while maintaining high operational standards.
Industry Perspective: A Structural Shift
Sanjeev Singh, Managing Director, SKJ Landbase, believes institutional rental housing will reshape urban living.
“This partnership reflects a fundamental shift in how India approaches rental housing. Institutional capital brings transparency, long-term ownership, and professional management. Over time, such platforms will strengthen urban mobility and provide stable housing solutions for students, young professionals, and migrant workers.”
He further added that organised rental housing can ease pressure on ownership-driven markets while supporting sustainable city growth.
HDFC Capital’s Broader Housing Vision
HDFC Capital operates as a subsidiary of HDFC Bank Limited and serves as the real estate private equity arm of the HDFC Group. The firm aligns closely with the Government of India’s ‘Housing for All’ initiative.
Currently, HDFC Capital acts as the investment manager for four SEBI-registered Category II Alternative Investment Funds, collectively representing a $4.5 billion residential-led development platform.
With this rental housing initiative, HDFC Capital expands its role beyond ownership housing. It strengthens India’s rental ecosystem with patient capital, institutional governance, and long-term planning.
Looking Ahead
As Indian cities continue to grow, rental housing will no longer remain a secondary option. Instead, it will emerge as a core pillar of urban living.
Through this ₹1,000 crore platform, HDFC Capital and Curated Living Solutions have placed a confident bet on that future. The partnership sets the stage for a more organised, accessible, and professionally managed rental housing market across India.
