NestAway has 90% occupancy rate in Pune

Posted by: at 8/04/2017 05:58:00 am
NestAway has 90% occupancy rate in Pune

NestAway has 90% occupancy rate in Pune

Pune: Pune also known as the Oxford of the East, has always seen an increase in migration of students and young professionals to the city. With so many colleges in the city, students often find it difficult to find accommodation outside the hostels. From high rents and security deposits, dealing with brokers to unreasonable demands and restrictions by the house owners, tenants find it difficult to accommodate all their requirements. There is still a bias prevalent among house owners when it comes to renting their homes to bachelors.

To address this problem, NestAway Technologies, India’s ‘largest online home rental company’ is helping in providing rental accommodations to young bachelors. In order to expand their customer portfolio, NestAway Technologies have also added families to their customer profile. Nestaway accords highest importance to affordability and makes it easier for tenants to find accommodation of their choice that meets all their requirements. Through the NestAway app, prospective tenants can find, book and move-in to a rental home of their choice. NestAway app also provides support to tenants from moving-in to the new house, paying the rent to maintenance services. Since NestAway charges only 2 months of security deposit with zero brokerage, it helps solve the problem of huge investments for the tenants.

NestAway in Pune has 600+ homes and are accommodating 2800+ tenants. NestAway homes are present across the city in areas like Hinjewadi, Wakad, Baner, Vadgaon Sheri, Aundh, Pimpri, Wagholi, Kharadi, etc. Apart from this nearly 20% - 30% of the owners are NRIs. NestAway homes in Pune has 90% occupancy rate.

Safety and security of the tenants being the top priority for NestAway, it has 7000+ single working women staying in their houses. NestAway has a strict policy against discrimination, and no homes differentiate on the basis of caste, creed, ethnicity, language or eating habits. NestAway
NestAway so far has raised $43.2 million in funding. NestAway’s has its presence in eight cities - Bengaluru, New Delhi, Noida, Gurgaon, Pune, Hyderabad, Ghaziabad and Mumbai. The company was founded by Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Parida in 2015. NestAway across 8 cities has 10,000+ houses catering to 25,000+ tenants. NestAway aims at creating a co-living space that helps tenants find a sense of belonging in the new city.

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