Co-living rentals have increased by at least 30 percent since the last year and are likely to increase by 10 percent further. Yet co-living uptake is growing 40 percent, with several players lining up new projects.
Targeted primarily at millennials, the co-living market, with its promise of convenience and finding your tribe, is set to grow in India
Staying in a hostel while travelling has its benefits: apart from the relatively low room charges, there is a relaxed vibe and you meet like-minded people from around the world with whom you can bond over board games and pub crawls.
Now, what if you can do all of this back home?
Targeted at millennials, co-living offers community spaces with monthly rents (starting from about ₹7500 up to ₹30,000 depending on whether it is a shared or private room) that are inclusive of utilities (water and electricity) and amenities (WiFi, housekeeping, meal services).