The lifestyle in cities is shifting. A rise in rental prices, changes in lifestyle and desire for community living are fueling the growth of co-living in India. You can find modern, open areas as well as private rooms and common areas for kitchens, lounges and gyms. A lot of students, young professionals and digital nomads prefer this type of living. We will look at why co-living is on the rise and how it is transforming how people rent homes in cities across India.
In a co-living arrangement, you live in a home with others, usually strangers, and everyone has a private room while sharing swimming pools, kitchens and other spaces. Generally, such homes are overseen by companies that provide the following services:
Feature | Co-living | Traditional Rental |
---|---|---|
Furniture | Fully furnished | Often unfurnished |
Lease Terms | Flexible | Long-term |
Utilities & Wi-Fi | Included | Tenant handles separately |
Maintenance & Repairs | Handled by provider | Handled by tenant |
Community & Events | Built-in community | Usuallynone |
The co-living space is growing rapidly and is seen as a valuable asset in the biggest cities in India. Because of more people living in cities, wanting a certain lifestyle and the rise of millennial and Gen Z renters, the desire for flexible and reasonably priced housing is on the rise. Institutional investors and developers are opting for co-living as an investment approach due to its decent rental returns, few vacancies and steady income.
Co-living projects benefit from technology and a strong community, which lets them develop in any direction and fast, making them a good option for international investors looking for new opportunities in the residential sector.
Nowadays, young people living in urban areas choose co-living because they want comfort, a community and an affordable lifestyle. With the latest features, flexible renting and exciting social settings, co-living is about to shape how people live in Indian cities.
EAP is an all-in-one real estate website that allows you to buy and sell your property worldwide. We live in a global world today, and we believe that everyone should have the power of buying property anywhere in the world, no matter where they are.
Learn MoreGet maximum leads from genuine buyers.