Real estate companies rush to occupy growing co-living market in India

Priced at Rs 10,000-20,000 per bed, Olive's first phase will see the launch of 20,000 beds in all - 15,000s in Bengaluru and 2,500 each in Chennai and Pune

As millennial employees are reshaping rental housing, real estate companies are making a beeline to grab a share of the growing co-living market in India. 

Co-living is a type of housing where residents agree to share a living space. 

Bengaluru-based Embassy Group has said it would invest around Rs 2,000 crore to build a co-living community in six cities. Puravankara says it is also foraying into the segment by the end of this year. 

Called 'Olive', the Embassy Group’s co-living facility will be launched in Bengaluru, Chennai and Pune this year. Followed by expansion in Hyderabad, Mumbai and the Delhi