Stanza Living; old wine new bottle
Inc 42 reports that Stanza living is revolutionizing student housing. It’s not true.
Inc 42 reports that Stanza living is revolutionizing student housing. It’s not true.
What’s a regular student housing like?
Small rooms of 10 feet by 12 feet.
Common cupboards and small bathrooms.
A living hell.
Difficult to discover and unfair contracts.
What is great about Stanza?
Bigger rooms.
Separate cupboards, study tables and bigger bathrooms.
Facilities such as wifi, laundry and professional cooks.
Easy to discover and all inclusive pricing starts from INR 7500.
Is it really that great?
It’s just another rental management company with a fancy start up tag.
It already has competitors. Placio, from Noida serves South Delhi, North Delhi and Indore. Nestaway is present in 12 cities.
NDBJ Insight:
Student housing is an informal rental business. Short term leases make it an unviable business.
It’s extremely price sensitive, thus low rental yields.
Worth reading: