Stanza Living partners with colleges and businesses to manage over 10,000 hostel beds
Colocation operator Stanza Living has worked with educational institutions and businesses to manage nearly 10,000 hostel beds as part of its business expansion strategy. Starting with nearly 10,000 hostel beds, the company said it has partnered with engineering and management institutes such as JECRC University, Presidency University and GM Institute of Technology.
According to the company, as part of the collaboration, it will help colleges provide students with a high-quality, hygienic and technology-enabled campus experience. Stanza Living aims to solve hostel management challenges with its technology-powered plug and play ecosystem of services.
Under vertical facility management, students and professionals can benefit from services such as F&B, laundry, housekeeping, mobility, security, community engagement and recreational activities, the company said. Depending on the customization and operating location, the company will charge a service fee of between Rs 3,500 and Rs 5,500 per consumer for the new offering.
“As consumers increasingly prioritize safety, hygiene and convenience, the quality of living facilities has become an important factor in choosing an academic institution or even a workplace outside of their hometown,” said Anindya Dutta, MD, co-founder of Stanza living. “Seeing the growing interest from partners across the country, we plan to invest close to Rs 15 crore to develop this high potential segment,” he added.
With entries from PTI.
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