MUMBAI: Bahrain-based MNC Al Namal Group is entering the co-living homes sector in India through an 'operating agreement' with Square Plums , an upcoming brand of co-living homes based in Bengaluru. Co-living homes are fully furnished, ready-to-move-in homes based in gated communities available on rent for youngsters relocating to cities for job placement.As part of the agreement, founder Varghese Kurien plans to build co-living homes spanning 2 million sq. It creates co-living homes occupied primarily by youngsters working at MNCs and IT companies. "Home owners who partner with us have found that on an average, rental yields from Square Plums branded homes can be up to 80% higher. In this partnership with Al Namal Group, we look forward to bringing the Square Plums co-living home experience to over 7,000 youngsters across 3 cities in India," said Attray of Square Plums.

Source: Economic Times February 20, 2017 10:52 UTC