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Zeassetz partners with Bramhacorp to launch co-living project 'Isle of Life' in Hinjewadi, Pune

Synopsis

Zeassetz, India's largest co-living rental investing platform, has partnered with real estate developer Bramhacorp to introduce a new co-living standard called "Isle of Life" in Hinjewadi Phase II, Pune. The project consists of 484 fully furnished studio apartments across two sizes priced from INR 22.9 lakhs. Each unit is designed to offer premium amenities and managed living. This expands Zeassetz's buy-to-rent portfolio and provides investors with a straightforward way to earn rental income through tenant management. Emphasizing affordability, convenience and easy rentals, the project is suitable for modern investors seeking high returns.

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Zeassetz, India's largest and fastest-growing residential co-living rental investing platform and a venture of ZoloStays, has partnered with Bramhacorp, a leader in real estate development, to introduce a new standard of modern co-living called "Isle of Life" in Hinjewadi Phase II, Pune.

The project consists of 484 studio apartments across two sizes - 272 sq ft and slightly larger 292 sq ft units priced at INR 22.9 lakhs and INR 22.99 lakhs respectively. The project is registered with MahaRERA authorities. Each unit is meticulously designed to offer residents a premium living experience with fully furnished interiors and managed properties.

This expands Zeassetz's buy-to-rent portfolio and provides customers with a straightforward way to secure rental income through fully furnished apartments and comprehensive tenant management. The project emphasizes affordability, convenience and easy rentals, making it suitable for modern investors seeking high returns.

Sneha Choudhry, Co-Founder of Zeassetz, said their partnership with Bramhacorp is integral to realizing their vision of redefining investment opportunities. Pune's economic growth, demographics, affordability and changing lifestyle preferences make it attractive for co-living rentals. Zeassetz is confident this venture will exceed investors' expectations and contribute to Pune's vibrant real estate market.

Last year, Zeassetz launched 4 different investment opportunities in Pune and Mumbai ranging from INR 20 lakhs to 1.5 crores. These include a portfolio of Studio, 1 BHK and 2 BHK homes. All of these assets provide investors an opportunity to get 3x ROE.

Pune has evolved into a bustling centre for various economic sectors like IT, manufacturing, and automotive, elevating its status as a desirable location for residential real estate investment. Among Pune's thriving residential hubs, Hinjewadi predominantly occupies the top position on property sales charts, driven by its status as a key IT hub.

One catalyst for Hinjewadi's residential market growth is its strategic location near the Mumbai-Pune Expressway and Pune-Mumbai Highway, offering excellent connectivity and making it attractive for homebuyers and investors. The proposed Pune Metro project, including the Hinjewadi-Shivajinagar corridor scheduled for completion by March 2025, is poised to modernize transportation, providing seamless connectivity and easing congestion.

The residential landscape in Hinjewadi is quite diverse, with options like high-rise apartments, affordable compact flats, and gated communities providing villa-style living. Substantial recent infrastructural development like MIDC facilities has further enhanced its appeal.

In 2023, Hinjewadi saw around 4,150 housing units sold, accounting for almost 5% of Pune's total and outperforming other neighbourhoods. Property prices range from INR 7,000-8,000 per square foot. Meanwhile, around 7,800 new units were launched to bolster supply and cater to varied budgets and preferences.

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