Truliv, Tamil Nadu’s largest co-living startup announced its expansion into the Bengaluru market, marking a significant milestone in its mission to redefine urban living for working professionals. The first two Truliv Co-Living facilities are strategically located near Hebbal and Whitefield, offering easy access to prominent tech parks and corporate hubs.
Adopting a cluster-based approach growth in Bangalore, with an initial portfolio of 1,000 beds Truliv aims to establish itself as a key player in the city’s co-living segment. Over the next 18 months, the company plans to expand its presence by adding 1,500 more beds, reaching a total of 2,500 beds. Truliv currently operates over 3,000 beds in Chennai and is poised to replicate its success in other key cities, with projects in the pipeline for Pune, Hyderabad, and Gurgaon. Truliv aims to close this financial year at 32cr revenue and is the only co – living startup that is already EBITDA positive.
“At Truliv, our vision is to redefine urban living by offering tailored co-living solutions that seamlessly integrate convenience, comfort, and community for young professionals. Expanding into Bengaluru, the mecca of India’s tech industry, marks a pivotal step in our growth journey. As pioneers in built-to-suit (BTS) co-living solutions, we take pride in creating bespoke spaces that cater to the evolving needs of today’s professionals. Our growth strategy focuses on a cluster-based model, enabling us to establish thriving communities in key business districts while ensuring operational efficiency and superior service delivery. By leveraging our leadership in BTS and co-living, we aim to set a benchmark for living experiences and scale our model across the city, driving sustainable growth and innovation in the sector” said Rohit Reddy, Co-founder and CEO of Truliv.
Truliv aims to redefine the co-living experience for professionals, offering tailored living spaces that blend comfort, convenience, and community. The company is focused on operating properties under both the Build-to-Suit (BTS) model and the traditional Lease and Convert approach, with a strategic emphasis on the future of Co-living spaces. While the company is primarily focusing on serving working professionals at the moment, it envisions expanding its offerings to include various customer segments in the future.
As part of its growth strategy, Truliv is also actively looking at expanding in Pune, Hyderabad, and Gurgaon, aiming to become one of India’s leading Co-living operators. With an increasing number of young professionals seeking flexible, affordable, and community-centric living options, Truliv is well-positioned to capitalize on the growing demand for Co-living spaces in India’s urban centers.
