Embassy Group forays into co-living space, plans to build 20,000 beds The company will build 20,000 beds on its existing land portfolio
Company
News:
Real estate major Embassy Group on Monday announced its foray
into co-living space under EPDPL Co-Living brand and said it would
operate more than 100,000 beds in the next five years.
To begin with, the company
will build 20,000 beds on its existing land portfolio. It will target
students and working professionals in organised Grade A business
parks across major cities. The official brand launch is planned by
the end of 2019 with a flagship project in Bengaluru, followed by
Pune.
“There are over 35
million students in higher education and migrant millennial workforce
is growing rapidly, giving us an opportunity to cater to this
increasing demand of co-living and create accommodation for them,”
said Aditya Virwani, chief operating officer, Embassy Group. Read
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