Ritesh Agarwal [ ritesh@oyorooms.com
] ,
is not afraid to be ridiculed
He just launched OYO Living, as per following report :
Budget hospitality firm OYO on Monday
announced its entry into ‘OYO Living’ a long term fully managed housing
rentals. Starting with ₹ 7999,
per bed, per month, OYO Living will help residents save on brokerage, lock-in
periods, and the hassle of searching house helps and support services involved
while moving to a new residence.
OYO Living will have around 35 live
properties with over 2000 beds in Noida, Gurugram, Bengaluru and Pune at the
time of launch. OYO Living will aim to expand to the top 10 metros by the end
of 2019 and will offer over 50,000 beds, said the official statement.
A smart move , considering that Mumbai Metropolitan
Region alone has an unsold inventory of nearly 3.5 lakh flats
[ https://indianexpress.com/article/india/3-5-lakh-flats-unsold-in-mumbai-metropolitan-region-report-4929533/ ]
I suppose , all over India , there must be millions
of such “ Un-utilized Assets “ where investments worth lakhs of crore of rupees
is lying idle / unproductive
For Mumbai Region alone , I had estimated such “
Idle Assets “ at Rs 20
lakh*crore !
Which made me suggest following solution :
Ready to be Ridiculed [
23 Aug 2017 ]
Ritesh,
By your innovative business
idea, you will disrupt the “ Rental Housing “ market by turning it into a
formal / organized sector and , in the process , solving a major hurdle for
cross-country migration of professionals
How about :
·
examining my
suggestion to disrupt the BPO market ?
·
finding some
commercially profitable use for some 1.3 million schools in the country which
are utilized only for ( max ) 10 hours per day ?
Can you think of some way to
utilize those billions of square feet of space which remains idle for 14 hours
in a day ?
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