CoLive launches FRAME - a facial recognition software for enhanced security

CoLive, a Bangalore-based provider of branded serviced rental accommodation, has developed a facial recognition access management engine (FRAME).

FRAME consists of Door Access Control Engine mechanism and BlackBox key management mechanism. The company has filed a patent for it to protect its advanced property management solution.

The FRAME feature will be operational at 20 select prime properties managed by CoLive before it is rolled out in all its properties.

Tenants have to register themselves in the system by clicking a selfie through the CoLive app, following which they can gain access to the property without swiping a key card. The system will track its visitors, tenants and staff when they leave and enter the premises.

Visitors will only be able to enter the building if the tenants allow them in.

“FRAME eliminates one of the biggest challenges faced by the real estate industry in terms of key management of unoccupied apartments. The technology shall enable sales, check-in and maintenance seamlessly without human interface thus reducing operational expenses. FRAME allows us to remotely manage our property access and key management system. We have filed for a patent for this technology and are confident that our tech-driven access solution will help us run this real estate-hospitality business far more efficiently," said Suresh Rangarajan, founder and CEO, CoLive.

CoLive is currently operating in Bangalore, Chennai, Vellore, Coimbatore, Thanjavur, and Ahmedabad. Over the next three years, the company aims to expand its presence to top metros and 25 university towns and scale up its inventory to include a total of 1 million beds.