The World’s First Millennial Private Residence Club based on sharing economy
With a future forward vision to liberate real estate and make co – living accessible to millennials and migrants, Olive by Embassy, the co-living and student housing brand by the Embassy Group, today 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.
Olive Residences has launched its first property in Koramangala, available for immediate occupancy as 1 BHK residences and two more properties in Magrath Road and Indiranagar, Bangalore to be ready in the next 3 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. These fully serviced, all-inclusive accommodations will feature a rooftop terrace with a lounge, bar, yoga deck, fitness and a gaming area. At the city center escape location, the Olive club at the rooftop of WeWork Galaxy on Residency Road, Bangalore, members will have access to a roof top swimming pool, gym and many more high-end amenities. Additionally, members will receive complimentary benefits at the growing network of Embassy Leisure venues such as Sanchez, Sriracha, Shiros, Hard Rock Café as well as the Embassy International Riding school. Olive Residence units will be priced starting at Rs. 16,500 onwards. With optimistic growth plans, Olive Residences aims to reach 100 buildings spread across the country by the end of 2021.