Olive Residences in Bengaluru

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Olive by Embassy, the co-living and student housing brand by Embassy Group, on November 24 launched its asset-light management business named – Olive Residences.

With a twofold membership approach, one can choose one’s 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, said a press release.

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Olive Residences has launched its first property in Koramangala, available for immediate occupancy as 1BHK residences and two more properties in Magrath Road and Indiranagar, Bengaluru to be ready in the next three months.

Olive Residences will take up residential buildings and hotels under a management agreement in the central locations of metro cities, across India. With state- of-the- art amenities and services, the serviced apartments will go beyond just offering vibrant living spaces, by bringing together a lively community of diverse cultures, backgrounds and walks of life, the release said further.

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These fully serviced, all-inclusive accommodations will feature a rooftop terrace with a lounge, bar, yoga deck, fitness and a gaming area.

YigitKahraman Yigit, Co-Founder and CEO, Olive by Embassy, said, “Olive will be the world’s first private residence club for millennial based on sharing economy. The idea behind it is “why have one address when you can have ten or more”! People love change and we at Olive, wanted to offer diverse and interesting experiences to today’s generation.”