An Indian rental housing startup, Stanza Living is seeing a strong recovery in demand as pandemic curbs ease in Asia’s third-largest economy.

The company, specializing in managed accommodation, is witnessing demand for its service rental housing cross the pre-Covid peak, its co-founder and Managing Director Anindya Dutta said in an interview. Stanza is gaining market share, with the company already accounting for 60 per cent of the organised managed living space in the country, Dutta said.

Stanza Living has expanded its managed accommodation services beyond students and young professionals and is targeting to add young families as tenants. Including the reopening of schools and colleges, the growth plans coincide with the economy’s gradual recovery after lifting of virus-related restrictions.

“Historically we were solving living needs, now we are solving mobility needs, commerce needs on a forthcoming basis,” Dutta said. In addition to providing accommodation, the company caters to the day-to-day needs of clients ranging from food and beverages to housekeeping, he said.

With the market crowded by other startups such as Nestaway, Oyo Living, Ziffy Homes, CoLive and Zolo, a 2019 report by RedSeer pegged the co-living opportunity in India at $12 billion.