Sattva Group and Bain Capital Launch $100 Million Pan-India Co-Living Platform with Colive; First Assets Acquired in Bengaluru and Pune
Sattva Group and Bain Capital Launch $100 Million Co-Living Platform
Colive announced a strategic partnership with Bain Capital and Sattva Group to establish a pan-India co-living real estate platform with an initial commitment of at least $100 million. As part of the partnership, Colive also raised $20 million in strategic funding, spearheaded by Bain Capital, with strong backing from long-term partner Sattva Group.
Purpose-Built Rental Housing Across India's Major Cities
The platform will be dedicated to acquiring land, developing flagship communities and delivering purpose-built rental housing across India's largest urban centres, meeting the growing demand from young professionals and students for high-quality, community-driven living spaces. The PropCo initiative targets 8-10 flagship developments in the immediate term, creating a scalable foundation for Colive's pan-India expansion.
First Assets and Market Positioning
Initial land acquisitions have been completed in Pune and Bengaluru, with approximately 0.5 million square feet of co-living space under development. Additional opportunities are being actively evaluated in Bangalore, Pune and Hyderabad.
The platform will deliver intelligent, fully furnished and professionally managed residences strategically positioned near major employment hubs and educational centres, addressing the evolving lifestyle demands of Gen Z and millennial residents while providing seamless transitions for India's urban migrants.
Scaling Tech-Enabled Rental Housing
The $20 million operational investment will power Colive's accelerated growth trajectory through enhanced technology infrastructure, expanded market presence and reinforced market leadership in tech-enabled rental housing solutions across India.
As per a May report by Colliers, the co-living segment is gaining strong traction across India, with inventory expected to reach 1 million beds by 2030. Market penetration is projected to rise from 5 per cent in 2025 to over 10 per cent by 2030. The sector could grow multifold, potentially reaching a market size of ₹20,000 crore by the end of the decade.
Sattva Group's Broader Diversification
Established in 1993, Sattva Group has grown into one of India's most trusted and diversified real estate developers. With a legacy built on innovation, transparency, and ethical business practices, the Group has delivered over 74 million sq. ft. of completed projects across 7 Indian cities and is actively developing another 75 million sq. ft. Headquartered in Bengaluru, Sattva has carved its name across residential, commercial, co-living, co-working, warehousing, data centres, and educational verticals.
Sattva Group has ventured into new verticals such as co-living with 18,000 beds, co-working with 4 million sq ft, warehousing, data centers, and e-commerce. This partnership with Bain Capital accelerates the Group's growth in the co-living segment, a category where Sattva has deepened its partnership with Colive significantly over the last few years, reflecting conviction that this sector holds immense potential.