new delhi nov 3 realty firm bdi group has forayed into the coliving segment and plans to invest about rs 50 crore in the next one year to reach 10000 beds gurugrambased bdi which has completed more than 15 real estate projects and is currently developing four projects in cities close to the national capital region has formed a new company vhive to enter the coliving segment that has gained momentum in the last one year we have entered into coliving business under a new venture vhive we have started two centres in alwar and bhiwadi to begin with comprising 200 beds bdi group md ssumit berry told the company is charging rs 6000 to rs 10000 per bed excluding electricity bill in these two coliving centres at bhiwadi and alwar vhive would soon open coliving facilities in gurugram jaipur kota and indore he added the company plans to expand its presence in delhincr as well as tier ii cities in punjab haryana uttar pradesh uttarakhand rajasthan and madhya pradesh our target is to reach 10000 beds in the next one year he said berry further said the company has earmarked rs 50 crore investment for the coliving business we are focusing on industrial towns and educational hubs to provide coliving because there is a huge demand supply gap while most coliving operators are focusing on metro cities we want to target tier ii and iii cities berry said the companys focus is to provide hasslefree accommodations to students and working professionals at a competitive price he added recently many real estate developers including embassy puravankara and tribeca have decided to enter the coliving business according to a report by proptiger coliving business has the potential to become a usd 93 billion market annually on rising demand for rental housing from students and professionals proptiger termed the coliving space as real estate goldmine that remains largely untapped the coliving sector has total untapped demand of about 463 million beds out of which 89 million is from student housing it added mjh abm abm