Housr Introduces Zero‑Deposit Rentals for Residents Across India
Housr, one of the largest premium co‑living operators in India, announced the launch of a zero‑deposit renting product in partnership with fintech provider CirclePe. The product is integrated into Housr’s resident‑management application and enables tenants to move into a co‑living unit without paying the conventional security deposit; instead, they remit a modest monthly amount that covers the deposit liability.
The rollout is being executed on a pan‑India basis, with the financing layer supplied by CirclePe embedded directly into Housr’s app platform to ensure a seamless user experience. Deepak Anand, Co‑founder and Chief Executive Officer of Housr, stated that the initiative “removes the deposit barrier and enables seamless tech integration inside our app, making move‑ins simpler for our customers.”
The announcement highlights the broader context of India’s co‑living sector, which Colliers estimates will expand fivefold to approximately Rs 200 billion by 2030. Currently, tenants in major metros such as Bengaluru often lock up to Rs 2 lakh as a security deposit before moving into a single flat, a practice that the new product aims to eliminate.
By introducing zero‑deposit renting, Housr seeks to make premium co‑living more financially accessible, reducing the upfront cash burden for working professionals across the country.