Olive is a project by the real-estate company Embassy Group and it is expected to bring useful co-living spaces in India. Upon launch, it is planned that the venture will deliver 15,000 beds to the Bangalore region, following up with 2,500 beds in Pune and Chennai. This project is undertaken to address the decline of affordable housing in the country, especially for students and young professionals, who make up "the largest demographic."
For the interior and branding of the co-living spaces in India, Embassy Group commissions design studio PriestmanGoode. The firm has unveiled the proposed aesthetic and the atmosphere answers to contemporary sensibilities, the furniture is minimalist, and the arrangement is designed "to encourage a sense of community [in the common spaces."
It is expected that Olive will be launched globally after its debut in India.
Modern Co-Living Spaces
PriestmanGoode is Working on the Design of Co-Living Spaces in India
Trend Themes
1. Affordable Co-living - The Olive project in India aims to address the decline of affordable housing, opening up opportunities for co-living spaces that cater to students and young professionals.
2. Minimalist Co-living Design - PriestmanGoode's design for Olive's co-living spaces in India offers a minimalist, contemporary aesthetic that encourages community living, paving the way for similar design innovations in the co-living industry.
3. Global Expansion of Co-living - Olive plans to expand globally, setting the stage for the increasing demand and adoption of co-living spaces around the world.
Industry Implications
1. Real Estate - Real estate companies can take advantage of the growing trend towards co-living spaces to provide affordable housing options for those in need.
2. Interior Design - Design companies can innovate and create new designs for co-living spaces that encourage community living while being appealing to modern sensibilities.
3. Furniture - Furniture companies can focus on minimalist and multi-functional designs that cater to the needs and space constraints of co-living spaces.