Suresh Rangarajan’s company CoLive, Bengaluru-based co-living space, has tied-up with Esthell Hotels and Resorts to open 650 beds co-living spaces in Chennai.
“We have taken a complete building with 13 floors and will start the operations soon,” said Suresh Rangarajan, Founder, Colive.
It has tied up with other city-based builders such as Casa Grande, Primex Infrastructure to open such co-living spaces. “Builders in Chennai are showing a lot of interest in co-living spaces. Also, demand for such spaces is high in the city,” said Suresh Rangarajan.
Such purpose-built accommodations are gaining traction among people of the age-group of 22-35. “Lifestyle is different in paying guests (PGs) and co-living spaces. There are no restrictions in co-living spaces. Also, the services are better than what is being offered in PGs and hostels,” said Suresh Rangarajan.
Suresh Rangarajan started this operation in February 2019 and plans to be present in Pune in the second half of 2019.
Currently, it operates 10,000 plus beds and has a presence in Bengaluru, Chennai, and Hyderabad.
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