HDFC Capital Advisors Limited, the real estate private equity arm of the HDFC Group, has announced a strategic partnership with Curated Living Solutions (CLS) to set up a ₹1,000 crore rental housing platform in India. CLS is promoted by Bhaskar Raju of the Bengaluru-based DivyaSree Group, a well-known name in commercial real estate development.
The proposed platform will focus on the development, ownership, and long-term operation of institutional-grade rental housing assets across major urban centres in India. The partnership aims to address the rising demand for professionally managed rental accommodation driven by rapid urbanisation, workforce mobility, and increasing student migration.
India’s rental housing market is undergoing a structural shift, with growing preference for organised and institutionally owned rental formats over fragmented individual ownership. The HDFC Capital–CLS platform intends to capitalise on this transition by creating scalable, high-quality rental housing portfolios catering to students, young professionals, and migrant workers.
CLS currently manages more than 13,000 beds across co-living, student housing, and worker accommodation segments and brings strong development and operational expertise to the platform. The partnership will combine CLS’s on-ground execution capabilities with HDFC Capital’s long-term capital and institutional investment approach.
Commenting on the development, Vipul Roongta, CEO of HDFC Capital, said that India’s urban rental housing segment is at an inflection point due to a young, mobile population. He added that rental housing plays a critical role in enhancing economic mobility, particularly for students, professionals, and migrant workers, and that CLS and the DivyaSree Group have demonstrated strong governance and execution capabilities.
Bhaskar Raju, Promoter of Curated Living Solutions and the DivyaSree Group, highlighted that the platform will focus on developing and owning high-quality rental housing assets with emphasis on safety, functional design, and sustainability. Jai Challa, CEO of Curated Living Solutions, noted that the partnership would enable CLS to significantly scale its operations and expand its presence across key Indian urban markets.
The initiative aligns with broader policy and investor interest in rental housing as a core asset class, alongside office, residential, and logistics, and reinforces the growing role of institutional capital in shaping India’s housing ecosystem.
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