Colive, supported by Sattva Group, has joined hands with Bain Capital to build a pan-India co-living platform backed by an initial $100 million commitment. In addition, Colive secured $20 million in funding led by Bain Capital, with participation from Sattva Group.
The newly formed platform will focus on acquiring land, constructing large-scale communities, and delivering purpose-built rental housing in India’s key cities. Initial acquisitions have been made in Pune and Bengaluru, covering about 0.5 million square feet of co-living space now under development. The PropCo initiative is expected to roll out 8–10 projects in the near term, with further expansion on the horizon.
“Co-living is a critical enabler of India’s urban transformation. While demand from young professionals migrating to cities is robust, the real challenge lies in creating quality supply that matches their aspirations and lifestyle needs. Through our Bain Capital partnership, we are bringing international standards and global best practices to India while establishing a dedicated PropCo platform for purpose-built assets and to scale solutions,” said Bijay Agarwal, Managing Director, Sattva Group.
Sarit Chopra, Partner at Bain Capital, said the investment reflects confidence in both the co-living segment and Colive’s ability to lead its growth. According to Agarwal, co-living provides an essential solution for India’s urbanization while raising the quality of available housing.
Colive’s model is designed to provide fully furnished, professionally managed housing near employment hubs and universities. The company’s approach is structured around its “6 Star Living” framework, which emphasizes style, safety, smart systems, service, savings, and social connections.
At present, Colive manages 14,000 beds serving nearly one million users. The company aims to expand its network to 50,000 beds within the next five years.
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By Ravi Kumar