Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jan, 23 2020

Embassy Group forays into co-living biz under the Olive Brand

The company will be investing Rs 2,000 crore for its expansion plans.

By News Editor
Embassy Group forays into co-living biz under the Olive Brand

Embassy Group, the real estate major, has ventured into the co-living business under the Olive Brand. The company will be investing Rs 2,000 crore for its expansion plans.

Olive will be introducing its first experiential centre at Whitefield in Bangalore and its flagship project in Chennai with 2,500 beds in 2019. Its expansion plans include cities like Bengaluru, Hyderabad, Mumbai, Pune and Delhi-NCR. Initially, Olive plans to launch 20,000 beds in total, of which, 15,000 will be in Bengaluru, while 2500 each will be in Chennai and Pune.

Olive aims to take the brand international over the next few years.

Aditya Virwani, COO, Embassy Group, and Co-Founder, Olive, said, “There are over 36 million students in higher education and the migrant millennial workforce is growing at a rapid pace across metros. Olive by Embassy aims to uplift the standard of living for this segment with hospitality services and an eco-system that will support our country’s youth in their academic and professional pursuits. Additionally, our co-living projects will complement and add value to our large tenant base at our Embassy Office Parks.”

The co-living centres are being designed and developed by Priestman Goode, the UK-based design consultancy.

Paul Priestman, Chairman of Priestman Goode, stated, “Olive is a place that feels like home, that gives users the privacy they need when they want it, with all the facilities of a luxury hotel, and common spaces for shared experiences. The attention to detail is across every element of our designs, from the logomark and the application of the brand on different platforms, to the interiors, where each element of the room has been designed bespoke, to create a beautiful, highly functional space.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Courier & Delivery
    About Us: World Health Care Mart is a leading Teleshopping Company,..
    Locations looking for expansion Madhya pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya pradesh
  • Mens Wear
    About Us: Launched and Lofted in 2016, 7 spades strive to deliver..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Activity Centres, Day Care & Creches
    About Us: 'Wings', a part of the Shivam Eduwings Foundation, is..
    Locations looking for expansion West bengal
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
  • Others Food Service
    About Us: “ChickyWok”, a Food Brand name and styled incorporated under..
    Locations looking for expansion Manama
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 450
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Manama Manama
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities