HDFC Capital Advisors Limited has partnered with Curated Living Solutions (CLS) to launch India’s first large-scale institutional rental housing platform, marking a significant step towards formalising the country’s rental housing market. The platform will be backed by an investment corpus of around Rs 10 billion and will develop, own and operate rental housing assets across co-living, student accommodation and worker housing. It will focus on major urban centres, aiming to meet rising demand for professionally managed rental accommodation. According to HDFC Capital, the initiative will leverage long-term demographic and urbanisation trends, including workforce mobility, student migration and evolving lifestyle preferences. The partnership is expected to accelerate the shift of India’s rental housing market towards organised, institutionally owned formats. CLS brings extensive development and operational expertise across co-living, student housing and worker accommodation, and currently manages more than 13,000 beds across India. The company’s capabilities are expected to support the creation of scalable, high-quality rental housing assets. Vipul Roongta, Chief Executive Officer of HDFC Capital, said India’s urban rental housing market is at an inflection point driven by a young and mobile population. He added that professionally managed rental housing is critical to enhancing mobility for students, young professionals and migrant workers, and that the partnership will focus on building institutional-grade assets across key cities. Bhaskar Raju, promoter of Curated Living Solutions and DivyaSree Group, said the collaboration combines HDFC Capital’s long-term capital with CLS’s operational expertise to develop high-quality rental housing with an emphasis on safety, functional design and sustainability. Jai Challa, Chief Executive Officer of Curated Living Solutions, said the partnership will enable CLS to scale its platform and expand its footprint across India’s major urban markets. HDFC Capital, a subsidiary of HDFC Bank Limited, is the real estate private equity arm of the HDFC Group and aligns its strategy with the Government of India’s ‘Housing for All’ initiative. The firm manages four SEBI-registered Category II alternative investment funds, representing a platform of around USD 4.5 billion dedicated to residential-led development in India. Curated Living Solutions, promoted by the DivyaSree Group, specialises in developing and managing institutional-grade rental housing, including student accommodation, co-living and worker housing, and manages more than 13,000 beds nationwide.