Embassy group, which only recently entered into the co-living sector, has started its first centre in Bengaluru with plans to reach 100 asset-light facilities by the end of next year via a revenue-share model with building owners.

In August, it announced a planned investment of USD 500 million over the next three years to expand across major cities.

Under the main brand Olive, the group will develop greenfield co-living facilities on its own land parcels, or purchasing new land, while the Olive Residences brand will take up residential buildings and hotels under a management agreement in the central locations across India.

The plan is to target 100,000 owned and operated beds over the next few years.

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