India’s leading Co-living space provider Colive expands its presence in Hyderabad3 years ago Saritha Keshamoni
Colive will be operating 4 properties in Central Hyderabad
After marking a strong presence in Bangalore, Colive, India’s leading co-living space provider, is all set to foray into the Hyderabad market. The Bangalore-based company began its operations in the City of Pearls with three properties – Colive Garnet in Gacchibowli, Colive Elara& Colive Ruby in Gowlidoddi which are located in proximity to Financial District & High-tech City and corporate giants like Wipro, Deloitte, DLF, Amazon & Apple. There is an abundance of working professionals in the neighborhood to who Colive offers housing that meets lifestyle expectations with fully-furnished & serviced homes and entertaining common spaces like Cinema room, Fitness room, terrace lounge & more. Colive Elara is leading the fray & was booked out in the first month of its launch, hinting at the huge demand that exists in the market for co-living spaces. Colive is one of the fastest-growing start-ups that offer fully amenitized, rentable and branded serviced homes. Colive currently operates across 3 cities in India – Hyderabad, Bangalore & Chennai and will begin operation in Pune & Mumbai in the near future.
On the company’s expansion to Hyderabad, Suresh Rangarajan, Founder and CEOatColive said, “As reported by The Economic Times, Hyderabad is the only metro city in the country where average property sales increased by 32% in between 2013-2014 and 2017. Despite the overall slowdown of India’s real estate industry in recent years, Hyderabad has emerged as a top real estate investment destination. With numerous IT companies and start-ups operating here, there is an overwhelming demand for co-living spaces in the city. Young professionals and students, in particular, are looking for furnished yet affordable accommodations. We are confident that Colive will address their need through its best-in-class offerings”
Founded in 2016, Colive provides serviced homes in prime locations, near educational institutes and business parks. Colive’s properties come with a host of modern features that include Wi-Fi support, housekeeping service, on-demand maintenance support, laundry service, 24×7 security and more. Additionally, residents have access to the terrace, community kitchen, cinema room and fitness & games room. As part of its future expansion plan, the company is looking to add 75,000 new beds to its inventory over the span of the next two years.