Co-living start-up Yello has entered Bengaluru's vibrant tech hub, Whitefield, unveiling its premier co-living property. Spanning across an expansive 2-acre property, the company offers capacious and exquisitely designed accommodations for both long-term and short-term rentals.
The company focuses on the needs of young professionals, it added in a release.
In contrast to typical conversions of existing properties into co-living spaces, Yello's three-story edifice is purposefully crafted as a ground-up co-living facility that ensures a tailored environment conducive to the tenant’s current lifestyle, it added.
The project boasts 608 fully furnished rooms distributed across five blocks. The rooms are classified as standard private rooms, standard twin-sharing, and premium rooms, the statement further added.
Commenting on the launch, Maninder Singh, founder and CEO, remarked, “Our spaces are crafted for the adventurous, the expressive, and those eager to script their narratives. With Yello, we aspire to cultivate not just living spaces, but vibrant communities where individuals can forge lasting connections, pursue their passions, and thrive in an environment that celebrates diversity and collaboration.”
Co-living ecosystem is one of the fastest-growing segments in the real estate sector. The sector has seen a surge in demand due to the rising population of professionals and the growing urban population.
Due to the opening up of offices after the pandemic, the co-living market has seen greater demand from professionals returning to their centers. The co-living market is expected to grow to Rs 1 trillion by 2023 over the next few years, according to various reports.