Support: +91-22-61011756 / help@projectstoday.com

Embassy Group launches asset light management business Olive Residences

Wednesday, 25 Nov 2020
Share this on :
Olive by Embassy, the co-living and student housing brand by the Embassy Group, launched its asset light management business named – Olive Residences. 
 
With a twofold membership approach, one can choose their primary residence location in the city and gain access to member partner escape locations, as well as the exclusive Olive Club on a pay-as-you-go system. It will be the world’s first private residence club for millennials based on sharing economy. 
 
Olive Residences has launched its first property in Koramangala, available for immediate occupancy as one BHK residences and two more properties in Magrath Road and Indiranagar, Bengaluru, Karnataka, to be ready in the next three months. 
 
Olive Residences will take up residential buildings and hotels under a management agreement in central locations of metro cities across the country. 
 
The all-inclusive accommodations will feature a rooftop terrace with a lounge, bar, yoga deck, fitness and gaming area. 
 
The Olive club at the rooftop of WeWork Galaxy on Residency Road, members will have access to a rooftop swimming pool, gym and more high-end amenities. Additionally, members will receive complimentary benefits at the network of Embassy Leisure venues such as Sanchez, Sriracha, Shiros, Hard Rock Café as well as the Embassy International Riding School. 
 
Olive Residences is a sub-brand of Olive by Embassy that will only manage and operate the existing residential buildings and hotels in partnership with owners for a performance-based management fee. 
 
Olive Residence units will be priced starting at Rs 16,500 onwards. It aims to reach 100 buildings spread across the country by the end of 2021. 
 
The Embassy Group had launched Olive by Embassy, the purpose built co-living facilities, to enhance the lifestyle of young working professional and students by offering community living and a walk-to-work commute. 
 
Embassy Group will target students from colleges and working professionals employed with multinational companies in organised Grade-A business parks across major cities such as Bengaluru, Pune, Hyderabad, Delhi NCR, Mumbai and Chennai. The plan is to target 1,00,000 owned and operated beds over the next few years.
 
Post Your Comments
 
 
   
 

 

 
  
Projects Explorer App

Data Explorer - Facade Search - ProjectsToday

Free Trial Access

Get Trial Access

REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services