Curated Living Solutions to develop student housing facility at Andhra Pradesh MedTech Zone

Curated Living Solutions, a Bangalore based co-living company, will invest Rs 20 crore to develop a 500-bed facility for Andhra Pradesh MedTech Zone (AMTZ) in Vishakhapatnam, Jaikishan Challa, Founder & CEO of the company told ET.

AMTZ is an enterprise established by the Indian Government and the Government of Andhra Pradesh to manufacture medical equipment. Aiming to reduce production costs by up to 40%, AMTZ envisions making India a world leader in high-end medical equipment production while making the products affordable and accessible.

AMTZ has partnered with e-learning company Skill-Lync to offer a 12-month program on Medical Technology, including a six-month stint at its Vizag campus.

The student housing facility is slated to fulfill the need for accommodation with unmatched amenities and offerings for the students. The company will be operating the student housing facility under the asset-heavy model.

“We have partnered with AMTZ to create a purpose-built accommodation center for its students on a long-term lease basis. It will enable the students to experience an on-campus living experience while enhancing their knowledge with hands-on learning in the best-in-class scientific facilities of AMTZ,” said Challa.

Curated Living recently launched a premium student accommodation brand, Ivy League House in Pune. Furthermore, the company plans to raise USD 200 million for creating India’s first Alternative Housing Platform with a focus on Student Housing, Proliving and Industrial Housing.

The company, which operates over 7,000 beds currently, aims to take the count to 30,000 beds in three years.

Curated Living Solutions is part of the DivyaSree group company, a Bangalore-based developer that has developed 30 million sq ft of office space between Hyderabad, Bangalore and Chennai.

Under the co-living vertical, the company operates three facilities in Bangalore and plans to expand in cities where its parent company operates office parks.

The company is in advanced stage of signing up new facilities in Mumbai and Delhi-NCR.