Oyo Living will help residents save on brokerage, lock-in periods, and the hassle of searching house and support services involved while moving to a new residence.

Hospitality firm Oyo Rooms has now started to offer houses on rent at an affordable price beginning from Rs 7,999 per month. Marking its entry into the housing rental segment under the newly-launched Oyo Living label, the Softbank-backed company has over 2,000 beds in Noida, Gurgaon, Bangalore and Pune to begin with. Targetted at the always-on generation of millennials and young professionals, OYO Living aims to expand to the top 10 metros by the end of 2019 and will offer over 50,000 beds.

Ritesh Agarwal, CEO & founder, OYO Hotels & Homes, said OYO Living was conceptualized based on the feedback and demand from 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,” he said.

Each house on rent under Oyo living has Wi-Fi, TV, housekeeping, power backup, CCTV, etc.

All you need to know about the new offering from Oyo:

1. Piloted in mid-2018, Oyo Living offers fully-managed independent residential units, inclusive of contracting, furnishing, cleaning, maintenance and in-stay services. Each accommodation will also provide essential amenities like Wi-Fi connectivity, television, regular housekeeping, power backup, CCTV surveillance, and 24/7 caretaking.

2. Residents will also have access to Oyo Support at all times, at no additional cost over the monthly rental charges. Starting with Rs 7,999 per bed, per month, Oyo Living will help residents save on brokerage, lock-in periods, and the hassle of searching house and support services involved while moving to a new residence.

Oyo aims to become the leader in the housing rental segment.

3. For asset owners, this is first of its kind opportunity, where Oyo takes complete control of their property, including regular maintenance and professional upkeep of their properties, while ensuring guaranteed rental yields.

These accommodations under Oyo Living are easy to find and easier to live in, where all people can experience the benefits of shared spaces while enjoying financial independence.

4. Oyo Living will offer a first of its kind, end to end managed, a comfortable, high-quality living experience that eliminates the hassles of finding, accessing and managing everyday housing. These accommodations are easy to find and easier to live in, where all people can experience the benefits of shared spaces while enjoying financial independence.

5. Oyo Living will also offer comfortable spaces for reading books, work-from-home desks, yoga and meditation zones, facetime, and skype corners, amongst others.

Oyo rooms on rent have space for reading books, work-from-home desks, yoga and meditation zones, etc.