Rental-property management company NestAway Technologies will invest $10m expanding into co-living, with plans for 50,000 beds this year through its Hello World subsidiary. The Indian company has launched Hello World in 15 cities and said occupancy of its initial 10,000 beds is at About 90%. It charges a deposit of one month’s rent with no brokerage fee. 90%About 90% of US millennials have a roommate, and millennials in India want a similarly shared community, said Hello World Founder Jitendra Jagadev. NestAway was launched for individual clients in 2015 but expanded into family rental after buying Zenify in 2017.
Rental-property management company NestAway Technologies will invest $10m expanding into co-living, with plans for 50,000 beds this year through its Hello World subsidiary. The Indian company has launched Hello World in 15 cities and said occupancy of its initial 10,000 beds is at 90%. It charges a deposit of one month’s rent with no brokerage fee. About 90% of US millennials have a roommate, and millennials in India want a similarly shared community, said Hello World Founder Jitendra Jagadev. NestAway was launched for individual clients in 2015 but expanded into family rental after buying Zenify in 2017.