Stanza Living

Managed-apartments product requires no capital investment from the resident/partner and comes fully furnished.

Positions itself against the traditional broker-driven rental market.

Core brand promise for students/professionals relocating to a new city.

Stanza Living's core customer base across its managed housing platform.

A dedicated product line of hostel-style residences located close to workplaces.

Community-building initiative for residents.

Programme focused on residents' career growth.

Books and manages residences directly rather than through brokers.

Signs fixed-lease, revenue-share, or management contracts with property owners/developers for 5-12 years to secure buildings without owning them.

Redesigns leased buildings to suit resident needs and bundles services such as food, WiFi, laundry and security into a single operating platform.

Runs a dedicated diligence and onboarding process to bring new properties into its portfolio safely in a largely unorganized rental-accommodation sector, backed by customized agreements such as its Accommodation Facility Agreement.

Built its own technology products — the Stanza Resident App for tenants and the Stanza Real Estate App — to run bookings, billing and day-to-day operations and to improve the consumer experience.

Its core physical resource is the footprint of leased/managed buildings it operates as co-living residences, spanning 23 cities across India.

A large on-ground staff runs day-to-day property operations and resident services across the country.

Acquired enterprise IoT startup Singularity Automation in an all-cash deal in 2022, bringing its founders and core team in-house to build customized IoT solutions such as smart locks and energy meters for its properties.

Its asset-light model depends on lease, revenue-share, or management-contract partnerships with property owners and developers, typically for 5-12 years, who supply the buildings it converts into managed residences.

Partners directly with colleges and universities as part of its student outreach, alongside ambassador and influencer marketing campaigns and on-campus events.

Backed by roughly $70 million in equity from global institutional investors, providing the capital that funds its lease-driven expansion.

Main revenue source, roughly 72% of FY21 operating revenue.

Secondary revenue stream, roughly 28% of FY21 operating revenue.

Employee benefits were Stanza Living's single largest cost center in FY23 at Rs 255 Cr (27% of total expenses), before falling sharply to Rs 85 Cr in FY25 as the company cut costs.

Depreciation tied to leased properties overtook employee costs as the largest expense line by FY25, at Rs 215 Cr, reflecting the scale of Stanza Living's leased real-estate footprint.

Interest/finance costs linked to lease liabilities and debt reached Rs 187 Cr in FY23 before easing to Rs 128 Cr in FY25.

Total expenses rose from Rs 572 Cr (FY22) to Rs 953 Cr (FY23, +66.6%), then declined to Rs 870 Cr (FY24) and Rs 683 Cr (FY25, -21.5% YoY) as the company pursued cost discipline.