Coliving Startup Introduces Mumbai’s Biggest Student Accommodation- Varsity by Union Living
Mumbai, 22nd September 2023: Coliving Startup Union Living has introduced Mumbai’s biggest student accommodation – Varsity by Union Living. Located in the coveted Santacruz-Juhu area, it is a luxurious student accommodation that seamlessly integrates opulence, convenience, and a vibrant sense of community. Varsity has already made a resounding impact on the market, with an astounding 90% occupancy rate shortly after its launch. This rapid growth defines Varsity as a premium yet affordable option for students seeking a refined living experience.
With well-equipped 221 beds, Varsity by Union Living offers modern essentials such as water purifiers, washing machines, microwaves, ACs, and fridges. Equipped with state-of-the-art CCTV facilities and a secure gated community, students can find peace of mind within these protected surroundings. Varsity doesn’t just provide a space to live; it fosters a sense of community through purposeful workshops, an exclusive 6-month subscription to a mind-performance boosting app, and sprawling communal spaces, including a fully-fledged gym and ample parking facilities.
Varsity’s strategic location places it in close proximity to esteemed educational institutions, including NMIMS Mumbai, SNDT, and Mithibai, providing students with convenient access to their academic pursuits. In addition, the accommodation is strategically located near top-tier healthcare facilities, such as Ojas Eye Hospital and Nanavati Super Speciality Hospital, reinforcing its attractiveness to discerning students.
Varsity by Union Living challenges norms, offering luxurious student accommodation at unprecedented prices. They offer a range of accommodation options, including single occupancy, double occupancy, and double occupancy luxury, catering to diverse preferences and budgets. Varsity also offers 3bhk apartments on a Bed and Breakfast (BnB) basis, tapping into the growing market for short-term stays. Along with this, it is poised for further expansion, with plans to add 1000 beds across key locations in Mumbai, including Goregaon, Malad, South Mumbai, and more.
Union Living, founded in 2020 by Parth Soni and Rishabh Soni and co-founded by Rishiraj Choudhary and Rajas Badve stands as an innovative coliving and student accommodation startup that is reshaping the very essence of community living. Currently, it has established a presence in Mumbai, Navi Mumbai, and Pune, and is set to disrupt the traditional way of renting accommodation in India. Beyond long-term stays, Union Living also extends its services to cater to short-term needs or stays where amenities will be provided for the short trips and there will be a different package for that along with long-term stays.
Despite being bootstrapped, Union Living boasts an impressive ARR of 24 CR and is actively seeking its first round of funding. Operating within three distinct verticals, Union Living delivers meticulously furnished private rooms, communal living spaces, and shared amenities that not only provide comfort but also cultivate a vibrant sense of community and personal growth. Union Living is looking forward to catering 8000+ beds by 2025, for which they have already signed 2000 beds and looking forward to the expansion in student accommodation.
