Colive, India’s largest co-living operator, has announced a strategic partnership with Bain Capital and Sattva Group to create a $100 million real estate platform dedicated to purpose-built co-living communities across major Indian cities. Alongside, Colive has raised $20 million in growth funding led by Bain Capital with continued backing from Sattva.
The new platform will acquire land and develop flagship rental housing projects in Bengaluru, Pune, and Hyderabad, with nearly 0.5 million sq. ft. already under development. Plans are underway for 8–10 large-scale projects, aimed at delivering tech-enabled, fully managed residences located near business hubs and universities.
Sarit Chopra, Partner at Bain Capital, said the investment underscores confidence in Colive’s leadership in community-driven rental housing. Bijay Agarwal, MD, Sattva Group, highlighted that the partnership combines global investment expertise with India’s real estate execution capabilities to address the rising demand for high-quality urban living.
Colive, currently operating over 14,000 beds, is targeting 50,000 beds within five years. Its “6 Star Living” framework—emphasizing safety, style, smart technology, service, savings, and social connections—continues to redefine urban living for India’s millennials and Gen Z professionals.
Suresh Rangarajan, Founder & CEO, Colive, added, “This milestone accelerates our mission of creating intelligent, community-centric homes for India’s young urban population.”
