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NestAway Plans to Expand in Delhi NCR

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(Attn.editors: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same).

NestAway Plans to Expand in Delhi NCR

NEW DELHI, December 22, 2017/PRNewswire/ --

NestAway to onboard 5000 houses this financial year The Delhi NCR region continues to be the home for a number of students, graduates, working professionals and families every year and is constantly increasing. With so many colleges and offices in the city, students and working professionals often find it difficult to find accommodation outside the hostels. From high rents and security deposits, dealing with brokers to unreasonable demands and restrictions by the house owners, tenants find it difficult to accommodate all their requirements. There is still a bias prevalent among house owners when it comes to renting their homes to bachelors. Migrants, especially women find it challenging to rent a house at safe locations in any city.

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To address this problem, NestAway Technologies, India's largest online home rental company, is helping in providing rental accommodations to bachelors. In order to expand their customer portfolio, NestAway has also added homes for families to their app. Nestaway accords highest importance to affordability and makes it easier for tenants to find accommodation of their choice that meets all their requirements. Through the NestAway app, prospective tenants can find, book and move into a rental home of their choice. NestAway app also provides support to tenants from moving-in to the new house, paying the rent to maintenance services. Since NestAway charges only two months of security deposit with zero brokerage, it helps solve the problem of huge investments for the tenants.

NestAway homes are available across Delhi, Gurgaon, Noida and Ghaziabad with 2200+ homes and 7000+ tenants with nearly 1500 owners being NRIs from various geographies. The company aims to onboard 5000 houses in the next financial year. Apart from providing furnished homes NestAway is also planning to introduce 'Smart Homes' by launching the Smart Lock service for all homes. Smart Lock is a safety locking system that will ensure security for people staying in NestAway homes and especially for women. This service will be available on NestAway app on both Android and iOS devices. NestAway homes are present across areas including Gurgaon, Noida, Faridabad, Ghaziabad and Delhi.

Safety and security of the tenants being the top priority for NestAway, it has 7000+ single working women staying in NestAway homes. NestAway has a strict policy against discrimination, and there is no home differentiation on the basis of caste, creed, ethnicity, language or eating habits.

NestAway till date has raised $43.2 million in funding. NestAway has its presence in eight cities - Bengaluru, New Delhi, Noida, Gurgaon, Pune, Hyderabad, Ghaziabad and Mumbai. The company was founded by Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Parida in 2015. NestAway across 8 cities has 10,000+ houses catering to 25,000+ tenants. NestAway aims at creating a co-living space that helps tenants find a sense of belonging in a new city.

About NestAway Technologies Pvt. Ltd. Nestaway Technologies is the fastest growing 'Home Rental Network' in India. With a goal of disrupting and restructuring the social infrastructure of affordable housing in the country, NestAway provides rental solutions using design and technology. Hence, resolving biases and barriers faced by urban migrants through their services. Headquartered in Bangalore, NestAway services are currently available in 8 cities in India. For more information, please visit:

Media Contact : Resham Chhabra [email protected] +91-9886190306 PR Head, NestAway Technologies Pvt Ltd

Source: NestAway Technologies Pvt. Ltd. PRNewswire DL

Disclaimer: This story has not been edited by BW staff and is auto-generated from a syndicated feed.

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