Latest News

  • Home
  • National
  • Now Oyo to rent properties for Rs 7,999 per month
Now Oyo to rent properties for Rs 7,999 per month
Tuesday, October 23, 2018 IST
Now Oyo to rent properties for Rs 7,999 per month

Piloted in mid-2018, Oyo Living offers residents fully managed independent residential units, inclusive of contracting, furnishing, cleaning, maintenance, and in-stay services.

 
 

Softbank-backed Oyo said on October 22 that it has entered into the long-term housing rentals category with the launch of Oyo Living.
 
"OYO Living was conceptualised based on the feedback and demand from our customers and asset partners. We saw this as a huge opportunity and decided to leverage our hospitality experience to offer a first of its kind end to end fully managed living experience," said CEO and Founder Ritesh Agarwal.
 
Piloted in mid-2018, Oyo Living offers residents fully managed independent residential units, inclusive of contracting, furnishing, cleaning, maintenance, and in-stay services.
 
Each accommodation includes Wi-Fi connectivity, television, regular housekeeping, power backup, CCTV surveillance, and round the clock care-taking for monthly rental charges starting at Rs 7,999, per bed.
 
"All the spaces under this new category are optimised for asset duality, common area functionality, and privacy. Oyo Living will also offer comfortable spaces for reading books, work-from-home desks, yoga and meditation zones, facetime, and skype corners, among others," said chief growth officer at Oyo, Kavikrut.
 
 

 
 

Under Oyo Living, the company takes complete control of the property of an asset owner and will be responsible for maintenance and professional upkeep.
 
Oyo is present in over 350 cities across the world with over 12,000 asset partners in India, China, Malaysia, Nepal, the UK, the UAE and Indonesia. Oyo Living, however, is currently be available only in India.
 
Last month Oyo raised $800 million in a funding round led by SoftBank Investment Advisers (SBIA) with participation from Lightspeed Venture Partners, Sequoia and Greenoaks Capital.
 
The company received a commitment of additional $200 million, bringing the total funds to $1 billion in the round.

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
Here is the full list of 827 porn websites banned by the DoT

While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content. ...

Recently posted . 61K views . 1 min read
 

 Article
Class XII Boys Raped 16-Year-old in Dehradun School After Watching Porn on Phone: Police

The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...

Recently posted . 8K views . 1 min read
 

 Article
Sept 27,2001 Rahul Gandhi and his girl friend Veronique,was arrested in Logan airport in Boston

Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million. Rahul and his girl friend was th...

Recently posted . 7K views . 7 min read
 

 Article
TOP 10 GYM EQUIPMENT BRANDS IN INDIA 2017

True – Tr...

Recently posted . 6K views . 83 min read
 

 
 

More in National

 Article
Mid-air scare as Sushma Swaraj's plane goes missing for 14 minutes

NEW DELHI: In a major scare on Saturday evening, an Indian Air Force aircraft 'Meghdoot' flying external affairs minister Sushma Swaraj fro...

Recently posted. 897 views . 3 min read
 

 Article
Indian Air Force helicopter drops 15000 litres of water to put out fire on burning ship

The rescue operation was carried out in the Bay of Bengal, off the coast of the Sunderbans.

Recently posted. 503 views . 0 min read
 

 Article
BJP Leader's Comment On Mayawati Creates Storm, Police Complaint Filed

Election 2019: Uttar Pradesh BJP lawmaker Sadhana Singh accused BSP chief Mayawati of "selling her dignity for the sake of power".  ...

Recently posted. 566 views . 1 min read
 

 Reviews
Top Schools In Noida Extension Area



Recently posted . 1K views . 52 min read
 

 Article
The Daily Fix: What are authorities doing to clamp down on child lifting rumours on social media?

Everything you need to know for the day (and a little more)

Recently posted. 581 views . 0 min read
 

 Article
Why the US and the world are turning hostile to Indian workers

NEW DELHI: Increasingly, the world wants to shut the door on Indian professionals, especially the tech workers, who want to work in foreign countri...

Recently posted. 521 views . 4 min read
 

 
 
 

   Prashnavali

  Thought of the Day

A smile says a thousand things all at once.
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top