Bain Capital and Sattva Group have joined forces with Bengaluru-based co-living operator Colive to launch a pan-India co-living real estate platform backed by an initial investment of US $100 million. The platform aims to focus on land acquisition, development of flagship rental housing communities, and infrastructure build-out. In addition, Colive secured $20 million in operational funding, spearheaded by Bain Capital, to expand market presence and strengthen technology infrastructure.
The new platform has already identified land parcels in Pune and Bengaluru, covering almost 0.5 million square feet of co-living space under development. Plans are underway to roll out 8 to 10 flagship community projects across major urban centers, including Hyderabad, with further expansion being explored.
The co-living model is positioned to offer fully furnished, intelligently designed rental accommodations close to employment and educational hubs. These purpose-built communities are aimed at young professionals and students seeking convenience, affordability, and shared living environments.
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