Brookfield owns over 25 million sq ft of commercial property in Mumbai and other cities. It also bought Hotel Leela's assets last year for Rs 3,950 crore
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
Housing.com, which is also backed by Softbank, Accel and SAIF Partners, has tied up with OYO Life and Zolo to promote their co-living spaces on its platform.
Zolostays co-founder is using his background in human behavioural sciences to cater to the living needs of students, young professionals
"They are also getting into warehousing, including for food, data, commodities etc. Warehousing is a big business now," Parekh also added
The undersupply of student accommodation, coupled with the market size, are a huge draw for developers and start-ups to invest in the space