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 II , aims to establish 10,000 beds catering to students and working professionals in industrial towns and educational hubs. The project will begin with 10,000 centres comprising 200 beds in Uttar and Bhiwadi , with plans already in place to open further facilities in Gurugram , Jaipur , Kota and Indore. Berry further said the company has earmarked Rs 50 crore investment for the co-living business. The company then plans to target tier II cities in states including Uttar , 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 II , aims to establish 10,000 beds catering to students and working professionals in industrial towns and educational hubs. The project will begin with 10,000 centres comprising 200 beds in Uttar and Bhiwadi , with plans already in place to open further facilities in Gurugram , Jaipur , Kota and Indore. The company then plans to target tier II cities in states including Uttar , Punjab , Rajasthan and Uttar Pradesh.