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Premium co-living operator Housr has introduced a zero-deposit rental product through a partnership with fintech platform CirclePe, enabling residents to move into its properties without paying an upfront security deposit. The facility has been integrated into Housr's resident management application and will be rolled out across the company's portfolio in India. Under the model, residents can replace the traditional security deposit with a monthly payment, reducing initial move-in costs. The initiative targets one of the key financial barriers in the rental housing market, particularly in metropolitan cities where security deposits often require tenants to commit substantial upfront capital.
Premium co-living operator Housr has launched a zero-deposit rental product in partnership with CirclePe, introducing a financing solution that allows residents to move into its properties without paying the conventional upfront security deposit. The company announced that the offering has been integrated into its resident management application and will be rolled out across its operations in India.
The initiative is designed to address one of the most significant upfront costs associated with rental housing. Instead of paying a lump-sum security deposit before taking possession of a property, residents will have the option of making a smaller recurring monthly payment through CirclePe's embedded financing platform.
According to Housr, the financing solution has been integrated directly into its digital resident management platform, enabling prospective tenants to complete the move-in process through the application without arranging a substantial upfront deposit.
The company stated that security deposits continue to be a major financial commitment for tenants, particularly in metropolitan markets, where renters often need to block several months' worth of savings before occupying a home. By replacing this requirement with a structured monthly payment, Housr aims to reduce the initial financial burden associated with renting.
Co-founder and Chief Executive Officer Deepak Anand said the company has focused on simplifying the residential experience for its customers and that the partnership with CirclePe extends this approach by removing the security deposit requirement and integrating the financing option into the company's technology platform.
The launch comes as institutional operators continue to expand organised co-living offerings across major Indian cities, with technology-enabled rental solutions becoming an increasingly important part of resident services.
Housr cited a Colliers report projecting that India's co-living market could expand fivefold to approximately INR 200 billion by 2030. The company noted that tenants in major cities such as Bengaluru often pay security deposits of up to INR 2 lakh for a single apartment, with similar practices prevalent across other large metropolitan markets.
According to the company, the introduction of zero-deposit renting is intended to make premium rental housing more financially accessible by reducing the capital required at the time of moving into a property. The product will be available across Housr's portfolio as part of its nationwide rollout in partnership with CirclePe.
Source - PTI
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