The co-living space heats up with real estate biggies making a beeline

While builders such as Embassy and Brigade are aiming at creating exclusive coliving brands, others are investing in startups active in the segment

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. While Bengaluru based Embassy Group will be investing Rs 2,000 crore to build a co-living community in six cities, another builder Puravankara is also foraying into the segment by end of this year.

Called Olive by Embassy, the Embassy Group’s co-living facility will be launched in Bengaluru, Chennai and Pune this year which will be followed by expansion in Hyderabad, Mumbai, and Delhi-NCR next year with a vision to take the brand international over the next