Coimbatore, Mar 28 (PTI) CoLive, a technology-driven platform to rent branded and serviced homes, is all set to expand its presence in major towns of Tamil Nadu.

Through rapid operational expansion in Chennai, Coimbatore, Vellore, Thanjavur and Tiruchirapalli, the company aims to hit the 10,000-beds milestone by the end of 2018, largely unmet demand for good quality and safe accommodations for migrating students, a press release from CoLive said.

Since its launch in 2016, the Bengaluru-headquartered CoLive has grown exponentially, with the number of beds it manages increasing from 1,000 to 3,000 in the last one year.

Commencing the first phase of its expansion with Tamil Nadu cities, CoLive aims to eventually expand its presence to 25 university towns in the next three years and grow its inventory to include a total of one lakh beds, the release said.

“While poor quality of housing and lack of basic amenities is the biggest pain point for students, for the paying parent, the safety of their children is a major concern,” CoLive Founder and CEO Suresh Rangarajan said in the release.

“We are currently in the process of implementing cutting-edge proprietary technologies such as FRAME (Facial Recognition Access Management Engine) and CSM (Command Centre Security Management), as well as an Emergency Response/SOS assistance service, to ensure the highest level of security for students,” he said.

This is published unedited from the PTI feed.