Bain Capital and Sattva Group launch $100-mn pan-India coliving platform

Bain Capital and Sattva Group launch $100-mn pan-India coliving platform

Colive, Bangalore-based largest co-living platform, on September 4 announced a strategic partnership with Bain Capital and Sattva Group to establish a pan-India coliving real estate platform with an initial commitment of at least $100 million. The new platform will be dedicated to acquiring land, developing flagship communities, and delivering purposebuilt rental housing across India’s largest urban centers, meeting the growing demand from young professionals and students for high-quality, community-driven living spaces, the companies said in a joint statement.

As part of the partnership, Colive also raised $20 million in strategic funding, spearheaded by Bain Capital, with backing from long-term partner Sattva Group. The $20 million operational investment will power Colive's accelerated growth trajectory through enhanced technology infrastructure, expanded market presence, and reinforced market leadership in techenabled rental housing solutions across India.

This exclusive real estate platform, managed by Colive, has completed initial land acquisitions in Pune and Bengaluru, with nearly 0.5 million sq ft of Coliving spaces under development. Additional opportunities are being actively evaluated in Bangalore, Pune, and Hyderabad. The PropCo
initiative targets 8-10 flagship developments in the immediate term, creating a scalable foundation for Colive's pan-India expansion.

The platform will deliver intelligent, fully furnished, professionally managed residences strategically positioned near major employment hubs and educational centers, addressing the evolving lifestyle demands of Gen Z and millennial residents while providing seamless transitions
for India's urban migrants, the companies said.

"India is experiencing a fundamental transformation in urban housing preferences, and Colive stands uniquely positioned to address this surging demand through technology-enabled, community-focused living solutions. Our investment commitment demonstrates our unwavering confidence in this market category and Colive's established leadership position," said Sarit Chopra, Partner at Bain Capital.

"At Sattva, we have long believed that co-living is a critical enabler of India's urban transformation. We have deepened our partnership with Colive significantly over the last few years, which reflects our conviction that this sector holds immense potential. While demand from
young professionals migrating to cities is robust, the real challenge lies in creating quality supply that matches their aspirations and lifestyle needs. Through this partnership with Bain Capital, we are bringing international standards and global best practices to India while establishing a dedicated PropCo platform for purpose-built assets and are positioned to scale solutions that will shape how India's next generation lives and works in our cities," said Bijay Agarwal, Managing Director, Sattva Group.