TCG Real Estate, the real estate arm of The Chatterjee Group (TCG), has set up managed living platform Yukio in Pune and plans to expand it to other metropolitan cities across India, the company said in a statement.
Managed living is an emerging residential asset class where accommodation goes beyond basic comfort and convenience, offering amenities such as game lounges, gyms, yoga decks and basketball courts, along with community-driven activities.
“India's urban housing landscape is evolving rapidly, with young professionals seeking higher living standards and a stronger sense of belonging,” said Pratap Chatterjee, executive director and chief finance officer at TCG Real Estate. “
“Through Yukio, TCG has entered a category that moves beyond traditional rental housing to build an ecosystem where residents can live, learn and grow. From technology-enabled experiences to our signature Growth Lab, featuring workshops and networking opportunities, Yukio is designed to support the aspirations of the upwardly mobile young professionals,” Chatterjee said.
TCG is a diversified business conglomerate with operations across petrochemicals, chemicals, real estate, technology, life sciences and financial services.
According to the company, Yukio has expanded its residential capacity to more than 1,000 beds in less than a year across two properties in Pune, Yukio Jobs and Yukio Gates. Building on its presence in Pune, Yukio now plans to expand to other metro cities across India, bringing its managed-living model to a wider community of young professionals, it said.
“The positive response in Pune underscores the growing demand for professionally managed accommodation in India and strengthens our confidence in the sector's long-term prospects. We are, therefore, accelerating our growth plans with the addition of another 1,500 beds over the next year," Chatterjee said.
The managed living, or co-living, segment has gained traction in recent years, driven by demand from young professionals. The trend has also led to increased investor interest and strong funding momentum for the sector.
Late last year, Colive entered into a strategic partnership with Bain Capital and Sattva Group to launch a pan-India co-living real estate platform, with an initial commitment of at least $100 million.