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Co-living operator Union Living expects to more than double its revenue to INR 85–90 crore in FY27 as it expands its managed rental housing portfolio across key urban markets. The Mumbai-based company, which reported revenue of INR 38 crore in FY26, has accelerated capacity additions, particularly in Pune, where it has added 1,000 beds since April. Union Living currently operates 16 co-living centres across Mumbai, Pune, Ahmedabad and Gurugram, offering around 3,000 beds for students and working professionals. The company plans to increase its capacity to 4,000 beds by March 2027, supported by a build-to-suit development model and growing demand for professionally managed rental accommodation.
Co-living space operator Union Living is targeting revenue of INR 85–90 crore in FY27, more than double the INR 38 crore it reported in the previous financial year, as it expands its managed rental housing platform to cater to rising demand from students and working professionals.
The Mumbai-based company currently operates 16 co-living centres across Mumbai, Pune, Ahmedabad and Gurugram, with a combined capacity of around 3,000 beds. Accommodation is offered at monthly rentals ranging from INR 15,000 to INR 80,000 per bed, depending on the location and amenities.
Founder and Chief Executive Officer Rishabh Soni said the company is undertaking a significant expansion of its operations and has already added 1,000 beds in Pune since April. He added that Union Living expects its total bed capacity to increase to approximately 4,000 by March 2027, supporting its revenue growth target for the current financial year.
The company follows a build-to-suit (BTS) model in partnership with landowners, under which residential properties are designed specifically for managed rental accommodation. According to Soni, this approach enables the inclusion of amenities such as gyms, cafeterias and co-working spaces during the development stage, making the properties better suited to the needs of modern tenants.
Once completed, the BTS properties are taken on long-term lease by Union Living, which then manages and rents the accommodation to students and working professionals.
As part of its expansion strategy, the company recently launched two new build-to-suit properties in Balewadi and Baner, strengthening its presence in Pune. Soni said the city continues to remain a key market for Union Living, supported by sustained demand for professionally managed accommodation from both students and the growing working professional population.
Parth Soni, Co-founder and Chief Operating Officer of Union Living, said expectations among residents have continued to evolve, with increasing preference for professionally managed housing offering integrated services and a better living experience.
Union Living operates as a bootstrapped and profitable managed student housing and co-living platform. Its largest market is Mumbai, where it manages around 1,500 beds across six centres. Pune accounts for a further 1,300 beds spread across eight centres, while the company operates approximately 100 beds each in Ahmedabad and Gurugram.
The company's planned expansion reflects the growing demand for organised rental housing, particularly in education and employment hubs, where students and young professionals are increasingly seeking managed accommodation with standardised services and shared amenities.
Source - PTI
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