Lemon Tree, Warburg form â¹3,000 cr co-living space venture
Lemon Tree Hotels on Thursday announced a â¹3,000 crore joint venture with global private equity firm Warburg Pincus to develop a co-living platform. The venture firm, Hamstede Living, will primarily focus on student housing, co-living for working professionals and multi-family users, Lemon Tree said. Investment of â¹1,500 crore will follow the initial â¹1,500 crore-investment on success.