stanza living: Managed accommodation provider Stanza Living enters campus facility management segment

Tech-enabled managed accommodation company Stanza Living has entered campus facility management vertical starting with 10,000 beds.

The company has partnered engineering and management institutes like JECRC University, Presidency University, GM Institute of Technology among others to help them offer a high-quality, hygienic and tech-facilitated campus experience to students returning post the pandemic.

“As consumers increasingly prioritize safety, hygiene and convenience, quality of living facilities has become a strong consideration factor in selecting an academic institution or even place of work outside their hometown. Partnership with a professional operator like us enables leading colleges and corporates to offer best-in-class living experiences to their students and employees,” said Anindya Dutta, MD and Co-founder, Stanza Living.

“With the convenience of our technology ecosystem, our partners additionally benefit from efficient facility management and optimized operating costs. Seeing the growing inbound interest from partners across the country, we plan to invest close to Rs 15 crore to build out this high-potential segment,” Dutta said.

Educational institutes have historically struggled with hostel management issues like fragmented service offerings from multiple vendor partners, lack of quality control and overall inefficiency of operations.

Stanza Living aims to address these through its technology-powered plug and play service ecosystem, which has been tested for diverse residential arrangements (PGs, student hostels, managed apartments, co-living solutions for working professional and now, campus hostels).

Under this facility management vertical, young students and working professionals can enjoy a wide and customizable umbrella of services like F&B, laundry, housekeeping, mobility, security, community engagement, recreational activities and more, accessible through the Stanza Resident App.

On the back-end, partnering institutes and corporates will be equipped with comprehensive operations management dashboards to enhance transparency and cost efficiency, while delivering a hassle-free living experience to their students and employees.

Increasingly, educational institutes and corporates have begun acknowledging the value of professional facility management. But the pandemic has ushered a sharp rise in demand for reliable and safe operating partners.

Based on the degree of customization and operating location, the company will be charging service fees in the range of Rs 3,500 to Rs 5,500 per consumer for the new offering. The company has also created an edge for its product with extensive COVID-Combat-Ready operating procedures like stringent hygiene protocols, contactless dining and resident care facilities, Quick Response mechanisms for any emergency escalations and more.

As markets reopen post the easing of the pandemic restrictions, Stanza Living will be targeting partnerships with educational institutes and corporates across Karnataka, Andhra Pradesh, Tamil Nadu, Punjab, Kerala, Telangana, Maharashtra, Orissa and Madhya Pradesh.