Co-Living sector has evolved at brisk rate during last one decade, reason for its rise is attributable to many aspects: demography, customer needs, technology and rise of middle class across different parts of the world. It is one of the prominent disruptions witnessed by the residential real estate.
Co-Living industry has a huge potential in a country like India which is home to the largest population of Generation Y cohort (25-34 years old). With more and more millennials migrating to urban cities of India for work, availability of quality housing at affordable prices continues to be a challenge.
The “3Cs” of Co-Living industry are Community driven, Convenience and Cost savings. During the pandemic, people have realized the need of a deeper community connect, higher convenience (in the form of flexibility, ease of use), and heightened affordability of living solutions in this phase of crisis. Therefore, the “3Cs” of Co-Living development are not just relevant anymore; they seem to be even more relevant during and post the COVID-19 period.
Co-Living industry is in evolving phase from all perspectives: market, product, and operations. We are all learning about its different aspects everyday with your experience and research. Therefore, we have put together this handbook to help different stakeholders: developers, property owners, investors, operators, architects, and technical consultants to provide insights and 360-degree guide during development planning, investment decision, setting up and improving operations of Co-Living development projects in India.
This book is a must read to understand Co-Living Developments in India. It covers: