BDI Group will move into the co-living market after announcing plans to invest INR500m ($7m) in the sector in one year. PropTiger termed the co-living space as "real estate goldmine" that remains largely untapped. The Indian firm, which has created a new company called Vhive, aims to establish 10,000 beds catering to students and working professionals in industrial towns and educational hubs. “Co-housing is an emerging trend that we are seeing more of as it becomes increasingly popular among young professionals, especially those who work from home,” said Ravi Kumar, managing director at BDI The company then plans to target tier II cities in states including Haryana, Punjab, Rajasthan and Uttar Pradesh.
BDI Group will move into the co-living market after announcing plans to invest INR500m ($7m) in the sector in one year. The Indian firm, which has created a new company called Vhive, aims to establish 10,000 beds catering to students and working professionals in industrial towns and educational hubs. “Co-housing is an emerging trend that we are seeing more of as it becomes increasingly popular among young professionals, especially those who work from home,” said Ravi Kumar, managing director at BDI The company then plans to target tier II cities in states including Haryana, Punjab, Rajasthan and Uttar Pradesh.