Sunil Thakur
CEO
Sunil Thakur, CEO, explains, “Initially, as a tech company tackling real estate sales and rental challenges in urban areas, we identified significant hurdles in the conventional real estate market: issues such as property maintenance, unstable rental income resulting in low yield rates, housing mismatches between single’s needs versus family houses, lack of empathy and hospitality in landlord-tenant interactions, limited professional freedom due to long-term lease commitments, hefty security deposits, and fear of loneliness when moving to new cities without social connections. This recognition spurred the creation of Livstations in 2019, offering well-designed, luxurious rooms with essential amenities and a vibrant community tailored to meet the needs of this demographic”.
Transforming Urban Living
Livstations offers meticulously designed stays at centralized locations, featuring individual and shared rooms, studios, and 1 BHK apartments. These accommodations come equipped with amenities such as fully furnished rooms, healthy meals, daily housekeeping, and a communal kitchen stocked with essential supplies, and more. Setting itself apart from conventional housing solutions and other co-living spaces, the company prioritizes the quality and inhouse management of essential services.
Unlike, competitors who outsource tasks like housekeeping, food provision, and app management, Livstations handles these operations internally. This approach ensures a tailored and premium experience, with staff members from hotel management backgrounds ensuring superior service standards. By overseeing its kitchens, the company guarantees healthier meal options, setting itself apart from competitors. Residents benefit from an elevated lifestyle, improved eating habits, and a strong sense of community—a feature often absent in traditional housing setups.
“We provide tailored co-living spaces designed for individuals aged 20–40, offering a range of options from shared accommodations to private rooms. Early- career individuals can enjoy similar amenities as senior executives by opting for shared accommodations within the same facility—a feature not typically feasible in traditional housing due to the income gaps”, adds Sunil.
Additionally, guests enjoy flexible stay durations, easy property relocation, and minimal security deposits, making Livstations more accessible than traditional options. The company promotes sustainability by optimizing resource usage and reducing energy consumption. Shared accommodations lower individual electricity usage, particularly for air conditioning, in urban areas with strained infrastructure. This reduces power demand and costs by offering affordable living options near office hubs, thus minimizing commute distances.
Overall, Livstations fosters ecofriendly living by encouraging shared resources and reducing individual environmental impacts. Technology enhances the resident experience through a proprietary app that manages on boarding, rental payments, maintenance, and feedback, ensuring efficient operations, transparency, and quick issue resolution. This digital integration provides a streamlined, efficient living experience with minimal manual intervention.
Conclusively, the company has prioritized quality while achieving a 70–80 percent annual growth rate and unitlevel profitability over four years. With 500 units currently in Gurugram, the company plans to expand to Hyderabad and other metro cities, targeting 2000 units each within five years. Future developments include horizontal growth strategies, such as venturing into hybrid properties to cater to short-stay corporate demands and tapping into the student housing market. This commitment to expansion is exemplified by a recent undisclosed deal with a reputed business school in Gurugram, further solidifying Livstations’ position in the industry and highlighting its dedication to addressing diverse resident needs.
“We provide tailored co-living spaces designed for individuals aged 20–40, offering a range of options from shared accommodations to private rooms. Early- career individuals can enjoy similar amenities as senior executives by opting for shared accommodations within the same facility—a feature not typically feasible in traditional housing due to the income gaps”, adds Sunil.
Livstations accommodations are ideal for professionals embarking on new opportunities in different cities
Additionally, guests enjoy flexible stay durations, easy property relocation, and minimal security deposits, making Livstations more accessible than traditional options. The company promotes sustainability by optimizing resource usage and reducing energy consumption. Shared accommodations lower individual electricity usage, particularly for air conditioning, in urban areas with strained infrastructure. This reduces power demand and costs by offering affordable living options near office hubs, thus minimizing commute distances.
Overall, Livstations fosters ecofriendly living by encouraging shared resources and reducing individual environmental impacts. Technology enhances the resident experience through a proprietary app that manages on boarding, rental payments, maintenance, and feedback, ensuring efficient operations, transparency, and quick issue resolution. This digital integration provides a streamlined, efficient living experience with minimal manual intervention.
Conclusively, the company has prioritized quality while achieving a 70–80 percent annual growth rate and unitlevel profitability over four years. With 500 units currently in Gurugram, the company plans to expand to Hyderabad and other metro cities, targeting 2000 units each within five years. Future developments include horizontal growth strategies, such as venturing into hybrid properties to cater to short-stay corporate demands and tapping into the student housing market. This commitment to expansion is exemplified by a recent undisclosed deal with a reputed business school in Gurugram, further solidifying Livstations’ position in the industry and highlighting its dedication to addressing diverse resident needs.
