Deepanshu Sachdeva's startup enables business travelers, corporate executives, and migrants rent fully furnished accommodations for short- to mid-term stays.
The real estate market in India is highly localized, and the industry is driven largely by individuals living and working in their own cities. For an outsider coming to a new city, finding a house/apartment for rent and then furnishing it is no less than a nightmare. The problem is worse for business travelers or executives when they require a furnished house for a short period of time.
As per a report by CBRE, an American commercial real estate services and investment firm, nearly 10.2 million residential properties are lying vacant in India, out of which only 10 to 15 percent are furnished.
It is to solve this problem of finding premium furnished apartments for short to mid-term that Relocatte was started by Deepanshu Sachdeva in December 2015.
The Gurugram startup mostly targets senior business travelers, expatriates, freelancers, and corporate executives relocating for one to 12 months to different cities with a monthly housing budget of Rs 50,000 (approximately $690) or above.
“We observed there was a demand-supply mismatch of properly furnished apartments. The whole mechanism of searching and finalization of apartments is very complex, disorganized, and tedious. Even apartments which were available in the market are not satisfying guest expectations. To resolve all these issues led to the formation of Relocatte,” says Deepanshu.
“We are on a mission to provide a large inventory of high-quality furnished apartments to global travelers relocating to Indian cities,” he adds.
The startup currently operates in Gurugram, Delhi, and Neemrana in Rajasthan.
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