Leading Purpose Built Housing player Guesture announces the addition of 2500 beds
Bengaluru, October 10, 2019: Guesture, India's leading shared, rental and managed accommodation provider, today announced the addition of 2500 beds to its Guesture Dwellington, the 3.5 lakh sq. ft. property in Electronic City, Bengaluru. Home to hundreds of Students, working professionals and families in the micro market of Electronic City, the expansion positions Guesture, a 100 percent subsidiary of the Shanders Group, as one of the largest purpose built housing provider in Karnataka.
Purpose built living is more than just sharing spaces - it is a combination of privacy, safety as well as opportunities for interaction and self-growth and experience life in a vibrant community. Guesture’s purpose-built housing addresses the modern-day challenges of urban living amidst youth by promoting thoughtfully designed spaces meant for collaboration, community building and sustainability. Guesture targets millennials in the age group of 18-35 by offering various amenities that make up for a perfect social living environment, a much needed concept for a city that is home to a large migratory population. Currently, the two properties cater to working professionals, and students from Symbiosis, NSB (international students), Azim Premji University, IFIM Business School & PESIT College.
“Bengaluru is the IT and university hub of India where students and working professionals come in search of opportunities. Renting an apartment, PG or a hostel can be quite difficult with lack of security and unnecessary imposed restrictions. At Guesture we have focused on these and many other aspects that are not really taken care of by the largely unorganized rental and managed housing sector often compromising on their comfort and safety. Our offerings for both students and working professionals have seen remarkable success and we are looking at scaling this further. We hope to see Guesture not only take up the purpose built housing industry in India, but also create value for its residents by providing enhanced facilities and community values” said Mr. Sriram Chitturi, Founder, Guesture.
According to a recent report on the co-living sector by PropTiger & News Corp it is indicated that there is a total untapped demand of about 46.3 million beds, out of which 8.9 million is from student housing and it is this very gap that Guesture is trying to fill. Equipped with amenities such as swimming pool, gym, amphitheatre, yoga hall, snooker tables, laundry services, open air screen, outdoor bowling alley, Basketball court, mini football court, cafeteria, doctor on call and shuttle bus services, provides holistic social spaces that can help address the increasing need for social contact and yet offer much needed privacy. The Company also plans to add a library, learning center, aerobics hall, art gallery, indoor swimming pool and a 10 mts shooting range by the end of this year.
The upcoming Youth City will be a big ticket project aimed at recreating an entire min city with facilities and infrastructure for housing, education, work, sports, events and entertainment (Strip Mall and Food Courts) are underway in making this project a true social life space. Universities, Offices, and co-working/ shared workspaces will have the opportunity to set up campuses in the property making it easier for working professionals and students to set up base here.
In Bengaluru Guesture has two properties- Alta Vista at Electronic city Phase 1 and Dwellington in Phase 2. Guesture also aims at expanding to other part of the county soon by revolutionizing the student housing industry.