Puravankara is planning to enter into co-living segment and also planning develop its first project, comprising over 1,000 beds, in Mumbai. The company has identified a project in Goregaon, Mumbai to enter into this growing segment.
However, the company is yet to decide whether it would foray in this business under a separate brand or would partner with some existing co-living operators.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.