Joining us today is Mr. Vijeth Reddy, the Co-Founder and CEO of Kots a pioneering residential leasing company operating in East Bangalore, that caters to the needs of both tenants and Landlords.
Renting an apartment in a metro city is fraught with challenges for both the tenant and the landlord.
If you’re a tenant you have several criteria you’re juggling: price, location, quality of the apartment, proximity to shops, restaurants, ease of connectivity or commute to your office or college, and of course a Landlord who is attentive and responsive in the event something goes wrong or needs to be fixed in the apartment.
If you’re a landlord your main concerns are probably a tenant who pays their rent on time, who respects the property and doesn’t cause any damage, who respects the buildings common areas, and of course there is a target rental yield you would like to achieve.
For both parties there is an asymmetry of criteria and a lack of benchmarks for their expectations.
To bridge this gap, Mr Vijeth Reddy and his wife Mrs. Sageetha Reddy, founded Kots in 2019. Kots is a pioneering residential leasing company operating in East Bangalore, that caters to the needs of both tenants and Landlords. An engineer by education, Mr. Reddy is a serial entrepreneur with a history of building startups in varying sectors.
Kots is one of the few Indian companies in the residential sector that partners with developers to operate on a Build-to-Rent model. The company maximizes returns to the landlord, while also catering to 11-month rental contracts for India’s young professionals, with their primary tenant demographic being 24-35 years of age. Kots also solves for the upkeep and turnover of the properties they manage.
Kots has already grown a foundation in East Bangalore having served over 900 tennants and 50 different Landlords, in the last 4 years. The company’s plans for the next two years include a tenant base of 3000, working with 100 different Landlords, and perhaps hoping to expand to other markets in India soon.
So without further ado, let's get started.
Have questions about Real Estate? Or topic you would love to hear more about on the Podcast?
Connect with Concrete Conversations - The Indian Real Estate Podcast through the links below!
Instagram: https://www.instagram.com/theindianrealestatepodcast/
LinkedIn :https://www.linkedin.com/company/concrete-conversations
YouTube - https://www.youtube.com/channel/UCXn-Aw24pqfmULyym7hCi6Q