Boston Living with GMR Group to develop co-living and serviced residences
Hyderabad, Aug.4 (Maxim News): Boston Living – an incubation venture of INCOR Group, operator of one of India’s largest single location co-living facility, signed definitive agreements with GMR Hyderabad AeroCity ( of GMR Group) to develop co-living and serviced residences. A first of its kind, the co-living and service residences will roll out 1,500 beds over multiple phases. The total investment for the development of the project will be 250 crore.
The new project will be named “The Landing by Boston Living”. As part of the agreement, GMR Hyderabad AeroCity will lease land to Boston Living to develop ~0.5 million sq. ft. space. The agreements were signed by Aditya Surneni, Director/COO, Boston Living and Mr. Aman Kapoor, CEO, Airport Land Development, GMR Group.
Aditya Surneni, director, Boston Living said “It is a great opportunity and we are delighted to associate with GMR Hyderabad AeroCity. This project is going to be a one-of-its-kind property, at par with international standards. We are expecting to complete the first phase of this project during the third quarter of FY 2022-23, and we are also happy to associate with AssetMonk, the fintech platform, as our asset managers for this highly coveted property.”
Prudhvi Reddy, COO / Co-founder, AssetMonk said that we are pleased to come on-board as Asset Managers for India’s first airport co-living venture in GMR Hyderabad aero city, conceptualised and operated by Boston Living, an emerging leader in it’s sector. As a tech enabled asset platform, we bring in our rich expertise in handling varied asset portfolios and diverse investor base, through an evolved technology backend.
Boston Living at GMR AeroCity Hyderabad will be a unique offering as a purpose built co-living development with serviced residences. It will provide a vibrant community living in a safe and secure environment to its residents. Boston Living will address the short, medium and long term rental accommodation needs of GMR Hyderabad AeroCity and the southern Hyderabad micro-market.
Boston Living, an incubation venture of INCOR Group runs one of India’s largest single location co-living facility of 500 beds at Kondapur, hered. Founded with the aim to provide professional real-estate management, INCOR delivered its first project – PBEL City, first of its kind’s residential apartment complexes in Hyderabad. (Maxim News)