With the return to office gaining ground, co-living operator Settl on October 10 said it will add 1,000 beds to expand its business in Hyderabad to meet the rising demand from working professionals.
Settl's Bengaluru headquarters already operates five co-living facilities in Hyderabad with a total of 300 beds. The centres are situated close to the tech clusters of Hyderabad's Madhapur, Gachibowli, and Jubilee Hills. At present, the beds are priced between Rs 9,000 and Rs 12,000 per month.
The organisation, which was founded in 2020, has 1,500 beds as of right now, with 900 of those in Bengaluru and 300 each in Hyderabad and Gurugram.
Settl had halted its expansion plans as the co-living market begins to bounce back from the setbacks brought on by the COVID-19 outbreak.