2 days ago
Homey targets 10,000 beds by 2027 with focus on inclusive co-living
Co-living startup
Homey
plans to operate over 10,000 beds by 2027 as it aims to add 5000 beds in the current financial year and another 5000 planned in FY27.
With a primary focus on hybrid holistic living and value-based education, Homey currently operates over 1000 beds, with 120 more underway in
East Delhi's Laxmi Nagar
. An additional 2000 beds are set to be launched within the next six months.
Company's business follow 70–30 model, which ensures inclusivity as 30% of beds are offered free to underprivileged tenants.
In Delhi, Homey has entered into a partnership with
Iskcon
Dwarka for leasing rooms and setting up beds.
'Our aim is to create conscious co-living communities where young minds feel safe, supported, and inspired. As we expand into new cities and cross the 10,000-bed milestone, our focus remains clear: to make high-quality, affordable living easy and meaningful, especially for those who need it the most,' Homey CEO
Madhukant Prabhu
said.
Alongside ISKCON, Homey has partnered with JIMS, Delhi University, APJ School of Management and multiple aviation institutes to provide community-based housing solutions.
Through Iskcon Dwarka's network, Homey aims to reach out to migrant populations aged 18 and above, particularly those from underprivileged backgrounds, to provide accessible accommodation options.
In a global context, initiatives like Common in the USA, The Collective in the UK, WeLive in the USA, and Quarters in Germany have paved the way for innovative co-living solutions. These companies offer shared housing options with a focus on community-building, affordability, and convenience for young professionals and students.
Homey will debut in Ahmedabad within six months with 500 beds, followed by Pune, Hyderabad and Bengaluru later this year.
Its future plans include entering Kota and other key educational hubs in the next 12–18 months.
