Bain, Sattva, Colive Launch $100M Co-Living Platform

Bain Capital and Sattva Group have launched a US$100 million co-living platform in partnership with Bangalore-based provider Colive, marking a major shift in India’s rental housing landscape.

Colive will manage the platform while also raising US$20 million in funding led by Bain Capital to support operations and expansion. Unlike earlier asset-light models where co-living firms leased existing properties, this platform focuses on direct real estate development by acquiring land and building purpose-built rental housing communities across major urban centers. Initial acquisitions have been made in Pune and Bengaluru, where about 500,000 sq. ft. of co-living space is under development. Expansion into Hyderabad and other Indian metros is also being explored.

Key Highlights

• Bain Capital & Sattva launch $100M co-living platform with Colive
• 500,000 sq. ft. under development in Pune and Bengaluru
• Co-living sector in India to reach 1M beds by 2030

The investment comes as India’s co-living market is poised to triple by 2030, with organized inventory expected to reach nearly 1 million beds. Rising rental prices in urban areas, up to 9 percent in 2024, are driving demand for shared living arrangements. Market dynamics further favor institutional investment, with co-living spaces generating 44 percent higher income per sq. ft. compared to traditional apartments.

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Additionally, consumer trends—such as 51 percent of millennials willing to spend over 25 percent of income on fully furnished accommodations—underscore the sector’s growth potential. The Bain-Sattva-Colive model leverages Colive’s operational expertise and Bain’s capital strength to create a scalable, sustainable framework for the next phase of India’s co-living evolution.