Budget hospitality firm OYO on Monday announced its entry into ‘OYO Living’ a long term fully managed housing rentals. Starting with ₹ 7999, per bed, per month, OYO Living will help residents save on brokerage, lock-in periods, and the hassle of searching house helps and support services involved while moving to a new residence.

OYO Living will have around 35 live properties with over 2000 beds in Noida, Gurugram, Bengaluru and Pune at the time of launch. OYO Living will aim to expand to the top 10 metros by the end of 2019 and will offer over 50,000 beds, said the official statement.

“OYO Living, we are all set to offer something new while remaining true to our core mission of creating beautiful living spaces. Interestingly, OYO Living was conceptualized based on the feedback and demand from our valued customers and asset partners. We saw this as a huge opportunity and decided to leverage our hospitality experience to offer a first of its kind end to end fully managed living experience,” said Ritesh Agarwal, CEO and Founder, OYO Hotels and Homes.

It will offer residents fully managed independent residential units, inclusive of contracting, furnishing, cleaning, maintenance, and in-stay services.

“OYO Living spaces have been designed based on needs of the millennials, who look for ‘when one stays at home’ feeling during their stays. Our robust design and data science team, has helped us understand this need and has curated an offering that is inspiring, arty, modern, comfortable, and adaptive,” said Kavikrut, Chief Growth Officer, OYO Hotels and Homes.

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