Joint venture with Warburg Pincus focused on co-living space in India, says Lemon Tree

“One of the subset we are looking at is student housing. There are 35 million students in India; in college and post-graduation and most of them do not have accommodation on campus. Therefore, we are looking at focusing on this segment and providing a standardised, high quality student accommodation product across India,” said Keswani.

Talking further about the projects, he added, “We are also looking at young urban professionals for whom rental and even capital cost for housing are very high in the large cities of India and therefore providing co-living space for them.”