MultiLiving raises USD 6 Million from Lodha Ventures; launches operations in Mumbai
The platform curates apartments from the homeowners and offers the homes with built-in services to the potential tenants
MultiLiving, a unique real estate platform announced raising USD 6 million from Lodha ventures and the launch of its operations in Mumbai. The platform goes live with an endeavor to make lives easier and enriched for the tenants and homeowners and bringing them together in an ecosystem. A new-age gamechanger, MultiLiving enables tenants to rent curated homes with a personal concierge & added services along with ensuring hassle-free management of assets & steady returns for the homeowners. By creating a rental housing ecosystem through technology, MultiLiving endeavours to streamline the home renting and management situation for urban professionals.
A brainchild of a group of IIM and IIT educated entrepreneurs and real estate veterans, MultiLiving was envisioned and established as a breath of fresh air in the country’s dormant residential real estate market. It intends to eliminate the inefficiencies prevalent in the existing rental system. The platform strives to unlock the enhanced rental value of the extremely large residential real estate segment, thereby enriching the lives of both tenants & homeowners in their respective value chains. It curates apartments from the homeowners, performs the quality check & requisite transformation and offers the homes with built-in services to the potential tenants. That said, the platform delivers smarter solutions for both tenants and owners against the traditional rental model.
Speaking on the revolutionary launch, Mr. Pankaj Singh, CEO & Founder of MultiLiving said, “Life of an urban professional is extremely hectic and the stress of finding and managing a home simply adds up to the burden. MultiLiving is an advanced way of owning and renting out a flat where we take care of everything involved in this space so that individuals can reclaim their time and focus on what truly matters. All our apartments are carefully selected in the niche societies and gated communities. We carefully screen every potential tenant who will love and take care of the home like it was their own. However, the final decision stays with the owner.”
Backed & funded by Lodha Ventures – the family office of Mr. Abhinandan Lodha who is also on the board of advisors, MultiLiving aims to serve proprietors who are owners of premium residential properties by ensuring steady predictable returns from their investments and managing the same for long term. Meanwhile, the platform also serves the new age families who are looking to stay on rent by offering them world-class curated homes with intuitive services to make daily life easy and hassle-free. For the potential tenants, MultiLiving ensures a comfortable and convenient lifestyle, which is beyond the average rented space. All its homes are handpicked basis the location, amenities at the society, condition of the house amongst other parameters. They undergo a thorough 50-step quality check process and are also assigned a dedicated transformation team to deliver the property in a 100% top-notch and ready-to-move-in state. All the homes come with a personal concierge to take care of all the daily chores and housekeeping. Tenants also get access to on-demand services like cooking, party planning, travel booking, etc. All these services are managed and monitored through an easy-to-use app.
Meanwhile, for the property owners, MultiLiving promises regular & steady returns. The platform takes charge of finding the tenants as per owners’ choice and assure regular rentals. It handles the entire paperwork and monthly rent collection, promising a hassle-free experience to the asset owners. It also covers the owner’s property for any accidental damages, regular maintenance fees or unforeseen expenses through MultiLiving’s exclusive insurance policy, the HomeShield Plan. This means the owner will never have to bother about leaking taps, broken A/Cs or similar troubles. The platform also arranges for urgent repairs and ensures routine check-up at no extra cost.
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