{"id":4579,"date":"2022-05-27T12:39:31","date_gmt":"2022-05-27T12:39:31","guid":{"rendered":"https:\/\/www.homebazaar.com\/knowledge\/?p=4579"},"modified":"2025-01-02T13:29:10","modified_gmt":"2025-01-02T13:29:10","slug":"co-living-spaces-in-india","status":"publish","type":"post","link":"https:\/\/www.homebazaar.com\/knowledge\/co-living-spaces-in-india\/","title":{"rendered":"Overview of Co-Living Spaces In India 2024"},"content":{"rendered":"
The Co-living spaces In India offer flexibility, affordability, and complete autonomy to the individuals. Co-living offers a lower cost of living due to the shared amenities, utilities, and other common residential features. The Future of Co-living spaces in India is positive as the young population is becoming more inclined toward cost-effective and community living options. This article gives you a complete overview of the current situation and future of Co-living spaces in India.\u00a0<\/span><\/em><\/strong><\/h6>\n

What Are Co-Living Spaces?<\/span><\/strong><\/h2>\n

The co-living spaces are becoming popular in India for their cost-effectiveness, flexibility, and lesser liabilities.\u00a0\u00a0<\/span><\/p>\n

Mainly, The co-living spaces have shared common areas with private bedrooms.\u00a0<\/span><\/p>\n

The Co-living spaces also incorporate the elements such as a well-designed community area, common kitchens, terrace gardens, libraries, gyms, cafes, etc.\u00a0<\/span><\/p>\n

Since the co-living allows sharing the of common features and amenities among a group of people. This makes Co-living considerably affordable as compared to renting and buying a new house.\u00a0<\/span><\/p>\n

Co-living is popular among millennials who have to change their cities.\u00a0<\/span><\/p>\n

The Co-living market in India is growing exponentially. In 2019, the Co-living market size was USD 5.13 bn which will reach USD 10.8 bn by 2025.\u00a0<\/span><\/p>\n

Co-Living Facilities & Features<\/strong><\/h2>\n

The Co-living space facilities can be divided into Standard Facilities, Premium Facilities, and Value Added Facilities.\u00a0<\/span><\/p>\n

Standard Facilities<\/span><\/strong><\/p>\n

    \n
  • Fully furnished Room<\/span><\/li>\n
  • House Keeping<\/span><\/li>\n
  • High-speed internet<\/span><\/li>\n
  • All-inclusive utility charges<\/span><\/li>\n
  • 24\/7 Security (CCTV, guard)<\/span><\/li>\n
  • App-based service delivery or communication<\/span><\/li>\n
  • Community Events<\/span><\/li>\n<\/ul>\n

    Premium Facilities<\/span><\/strong><\/p>\n

      \n
    • All Meal<\/span><\/li>\n
    • Common Kitchen & Dining<\/span><\/li>\n
    • Laundry<\/span><\/li>\n
    • Parking<\/span><\/li>\n
    • Gaming Room<\/span><\/li>\n
    • AV room\/Music Room<\/span><\/li>\n
    • Gym<\/span><\/li>\n<\/ul>\n

      Value Added Facilities\u00a0<\/span><\/strong><\/p>\n

        \n
      • Canteen\/caf\u00e9<\/span><\/li>\n
      • Library or books on rental<\/span><\/li>\n
      • Terrace Garden or deck<\/span><\/li>\n<\/ul>\n

        Co-Living Spaces Vs Renting Spaces<\/span><\/strong><\/h2>\n

        Co-living & Renting Spaces both offer flexibility and lower financial liabilities. However, the Co-living has emerged as more affordable and convenient that the Renting spaces.\u00a0<\/span><\/p>\n

        Here is how-<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n
        <\/td>\nCo-Living Spaces<\/b><\/td>\nRenting Spaces<\/b><\/td>\n<\/tr>\n
        Deposits<\/b><\/td>\nAverage 2-3 Months Rate<\/span><\/td>\nAverage 6-10 Months Rent<\/span><\/td>\n<\/tr>\n
        Tenure<\/b><\/td>\nFlexible, 3 Mon Lock-in<\/span><\/td>\n11 Month Lock-In<\/span><\/td>\n<\/tr>\n
        Flexibility\u00a0<\/b><\/td>\nNo Notice Period<\/span><\/td>\nAt least 1 Month Notice Period<\/span><\/td>\n<\/tr>\n
        Common Area Maintenance<\/b><\/td>\nIncluded In Rent<\/span><\/td>\nNot Included In Rent<\/span><\/td>\n<\/tr>\n
        Utility Charges<\/b><\/td>\nIncluded In Rent<\/span><\/td>\nNot Included In Rent<\/span><\/td>\n<\/tr>\n
        Technology<\/b><\/td>\nAdvanced Technolgy Interface<\/span><\/td>\nNo Technology Interface<\/span><\/td>\n<\/tr>\n
        Amenities\u00a0<\/b><\/td>\nModern Amenities with Shared Costing<\/span><\/td>\nAmenities with Additional Costing.\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        Co-Living Demand In India<\/span><\/strong><\/h2>\n

        The demand for co-living In India is on the rise.\u00a0<\/span><\/p>\n

        This is primarily because of the benefits and an evolved lifestyle it offers.\u00a0<\/span><\/p>\n

        Within India, the co-living model is currently catering to mostly millennials. The students and working professionals are the key drives of the Co-Living market in India.\u00a0<\/span><\/p>\n

        The lower costs of living, advanced technology interface, and greater freedom appeal to the millennial generation.\u00a0<\/span><\/p>\n

        The age category of 20-39 years has the maximum share in Co-living space consumption.\u00a0<\/span><\/p>\n

         <\/p>\n

        \u00a0<\/span>The future demand projection for Co-Living In India is also positive.\u00a0<\/span><\/p>\n

        The sustainable co-living business ecosystem with higher demand will provide impressive growth in the co-living sector.\u00a0<\/span><\/p>\n

        Here are the co-living space demand projections in India\u00a0<\/span><\/p>\n

        Co-Living Spaces Benefits<\/span><\/strong><\/h2>\n

        The co-living has getting increased popularity for its key benefits that are addressing the major challenges.\u00a0<\/span><\/p>\n

        Here are the coliving space benefits that make it the best and most popular option for living.\u00a0<\/span><\/p>\n

        Lower Costs<\/span><\/strong>–\u00a0<\/span><\/p>\n

        Affordability is the core of the co-living space market.<\/span><\/p>\n

        \u00a0In a co-living space, the majority of the costs including the utility bills, maintenance, and amenities charges are shared and therefore do not over-burden the individual.\u00a0<\/span><\/p>\n

        Also, there are no costs involved in the entry and exit of the co-living spaces.\u00a0<\/span><\/p>\n

        Moreover, the lower security deposits, lower rents, and shared costs of the amenities give greater affordability.\u00a0<\/span><\/p>\n

        Here is how you can save the costs on Co-living-<\/span><\/em><\/p>\n

          \n
        • Rents are Considerably Lower<\/span><\/li>\n
        • Lower Security Deposits (Min 3 Months)<\/span><\/li>\n
        • Shared Electricity, Gass, and Water Bills<\/span><\/li>\n
        • Modern Amenities Such as Wifi, Gymnasium, Swimming Pool, Leisure Spaces at Shared Pricing.<\/span><\/li>\n
        • No Maintenance Costs<\/span><\/li>\n
        • No Entry and Exit Costs<\/span><\/li>\n
        • No Costs for Legal Registrations<\/span><\/li>\n<\/ul>\n

          Greatest Flexibility-<\/span><\/strong><\/p>\n

          There are no fixed lease tenures in the case of Co-living.\u00a0<\/span><\/p>\n

          Also, there are no entry and exit conditions imposed in the co-living.\u00a0<\/span><\/p>\n

          In co-living, the person may not have to serve the notice period.\u00a0<\/span><\/p>\n

          This allows greater flexibility to the millennials who keep changing the cities.\u00a0<\/span><\/p>\n

          Community Living-<\/span><\/strong><\/p>\n

          The social engagements and activities in the co-living offer quality time.\u00a0\u00a0<\/span><\/p>\n

          The operators help the occupants to get inmates of similar interests. IT ensures collaboration and a better living environment.\u00a0<\/span><\/p>\n

          Advance Technology Interface-<\/span><\/strong><\/p>\n

          The co-living spaces operator has been incorporating advanced technology interfaces that add comfort and convenience.<\/span><\/p>\n

          Also, the operators are seeking a way to provide Advanced Technology Interfaces for maximum comfort.\u00a0<\/span><\/p>\n

          Modern Amenities-<\/span><\/strong><\/p>\n

          The co-living spaces provide excellent modern amenities that include the wifi setup, gymnasium, swimming pool, indoor games room, etc.\u00a0<\/span><\/p>\n

          Also, the modern amenities provided in co-living come at much lower costs. As the total applicable cost is shared among the group of people living together.\u00a0<\/span><\/p>\n

          Co-Living Spaces in Mumbai<\/span><\/strong><\/h2>\n

           <\/p>\n

          Mumbai has low penetration of the Co-living spaces due to the higher property prices.<\/span><\/p>\n

          However, the leading Co-living operators have shown an active interest in building co-living spaces in Mumbai.<\/span><\/p>\n

          The co-living micro-market is likely to thrive in Mumbai.\u00a0<\/span><\/p>\n

          Major Operators in Mumbai<\/span><\/strong>– Zolo Stays, NestAway, YourSpace<\/span><\/p>\n

          Co-Living Spaces in Delhi-NCR<\/span><\/strong><\/h2>\n

           <\/p>\n

          Co-living is prominent in the Gurgram region due to the presence of employment hubs in the vicinity.\u00a0<\/span><\/p>\n

          Co-living is a good option in Delhi- NCR because the cost of a private room in the co-living is lower than n the rented apartments.\u00a0<\/span><\/p>\n

          The Co-living ios affordable in Delhi, Sushant Lok-Gurugram, and Sector 61-Noida<\/span><\/p>\n

          Major Operators In Delhi-NCR<\/span><\/strong>– Zolo Stays, NestAway, CoHo, ZiyHomes, Oyo Life<\/span><\/p>\n

          Co-Living Spaces in Bangalore<\/span><\/strong><\/h2>\n

           <\/p>\n

          The Co-living spaces in Bangalore are mainly in the localities such as Outer Ring Road, Whitefield, and Electronic City.\u00a0<\/span><\/p>\n

          The co-living spaces in Bangalore cater to working professionals and students.\u00a0<\/span><\/p>\n

          Major Operators in Bangalore-\u00a0<\/span><\/strong>Colive, Zolo Stays, NestAway, CoHo, StayAbode<\/span><\/p>\n

          Co-Living Spaces in Chennai<\/span><\/strong><\/h2>\n

           <\/p>\n

          Chennai has comparatively lower growth in the Co-living sector.\u00a0<\/span><\/p>\n

          However, with the presence of leading employment hubs, the popularity of co-living spaces will increase in Chennai.\u00a0<\/span><\/p>\n

          In Chennai, the Cost of co-living is more affordable than private co-living accommodation.\u00a0<\/span><\/p>\n

          Major Operators In Chennai:<\/span><\/strong>\u00a0Zolo Stays, NestAway and Colive<\/span><\/p>\n

          Co-Living Spaces in Hyderabad<\/span><\/strong><\/h2>\n

          Hyadebard has a strong co-living market due to the presence of the leading operators.\u00a0<\/span><\/p>\n

          Also, the higher number of working professionals spur the maximum demand for the co-living spaces in Hyderabad.\u00a0<\/span><\/p>\n

          The Co-living spaces in Hyderabad have overall low costs along with the major tech hubs.<\/span><\/p>\n

          Major Operators In Hyderabad:\u00a0<\/span><\/strong>Living Quarter, Zolo Stays, NestAway, Aarusha Homes, Flathood, Boston Living<\/span><\/p>\n

          Co-Living Spaces In Pune<\/span><\/strong><\/h2>\n

           <\/p>\n

          A large number of working professionals has been the prime reason for the thriving co-living market in Pune.<\/span><\/p>\n

          The average cost of living in private or shared co-living spaces in Pune is significantly lower.\u00a0<\/span><\/p>\n

          The presence of a sizeable student population has increased the demand for shared rooms and co-living spaces.\u00a0<\/span><\/p>\n

          Major Operators In Pune:\u00a0<\/span><\/strong>Zolo Stays, NestAway, YourSpace, Flo Colive<\/span><\/p>\n

          Major Co-Living Space Operators In India\u00a0<\/span><\/strong><\/h2>\n

          Here is the list of Major Co-living space Operators in India<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
          <\/td>\nCities<\/b><\/td>\nRate\u00a0<\/b><\/p>\n

          (INR\/person\/month)<\/b><\/td>\n<\/tr>\n

          ZoloStays<\/b><\/td>\nDelhi NCR, Pune, Kota, Mumbai, Bengaluru, Hyderabad, Coimbatore, Chennai<\/span><\/td>\n5,000 – 16,000<\/b><\/td>\n<\/tr>\n
          Nestaway<\/b><\/td>\nBengaluru, Mumbai, Delhi NCR,<\/span><\/p>\n

          Thane, Navi Mumbai, Pune,<\/span><\/p>\n

          Hyderabad, Mysore, Kota,<\/span><\/p>\n

          Bhubaneswar, Visakhapatnam,<\/span><\/p>\n

          Coimbatore, Kolkata, Chennai<\/span><\/td>\n

          		8,000 – 24,000<\/b><\/td>\n<\/tr>\n
          OYO Life<\/b><\/td>\nDelhi NCR, Bengaluru, Pune, Mumbai, Hyderabad, Chennai, Kolkata, Jaipur, Coimbatore, Mysore<\/span><\/td>\n6,000 – 18,000<\/b><\/td>\n<\/tr>\n
          CoLive<\/b><\/td>\nBengaluru, Chennai, Hyderabad<\/span><\/td>\n5,000 – 30,000<\/b><\/td>\n<\/tr>\n
          Housr<\/b><\/td>\nDelhi NCR, Mumbai, Kota<\/span><\/td>\n10,000 – 25,000<\/b><\/td>\n<\/tr>\n
          CoHo<\/b><\/td>\nDelhi NCR, Bengaluru<\/span><\/td>\n9,000 – 25,000<\/b><\/td>\n<\/tr>\n
          Grexter<\/b><\/td>\nBengaluru<\/span><\/td>\n6,000 – 24,000<\/b><\/td>\n<\/tr>\n
          FF21<\/b><\/td>\nBengaluru<\/span><\/td>\n9,000 – 21,000<\/b><\/td>\n<\/tr>\n
          YourOwnRoom<\/b><\/td>\nBengaluru, Pune<\/span><\/td>\n6,500 – 20,000<\/b><\/td>\n<\/tr>\n
          Ziy Homes<\/b><\/td>\nDelhi NCR<\/span><\/td>\n10,000 – 30,000<\/b><\/td>\n<\/tr>\n
          SquarePlums<\/b><\/td>\nBengaluru<\/span><\/td>\n4,000 – 20,000<\/b><\/td>\n<\/tr>\n
          StayAbode<\/b><\/td>\nBengaluru<\/span><\/td>\n3,500 – 27,000<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

          FAQs<\/strong><\/h2>\n\n\n\n\n\n\n\n
          What is a Co-living Space?<\/strong><\/p>\n

          Ans:\u00a0 An accommodation where people will share rooms and areas with other like-minded people. People can choose to stay near to their office or educational institution to eliminate the traffic woes and save a lot of money.\u00a0<\/span><\/td>\n<\/tr>\n

          Is Co-living the future?<\/strong><\/p>\n

          Ans: Yes, co-living spaces are the future as it accommodates a holistic approach to their business idea along with the social value.\u00a0<\/span><\/td>\n<\/tr>\n

          What are some good Co-living spaces available in India?<\/strong><\/p>\n

          Ans: Some of the good coliving spaces available in India are the following:<\/span><\/p>\n

            \n
          • OYO Life<\/span><\/li>\n
          • Hello World<\/span><\/li>\n
          • NestAway<\/span><\/li>\n
          • Stanza Living<\/span><\/li>\n
          • Zolo Stays<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
          What is the Co-living Industry?<\/strong><\/p>\n

          Ans: Indians have accepted the Coliving spaces as one of the real estate segments. With the best business strategies, they understood the human understanding among Indian people and successfully attracted their clients.\u00a0<\/span><\/td>\n<\/tr>\n

          Is Co-living for couples?<\/strong><\/p>\n

          Ans: Yes, co-living spaces are designed to solve the issue of house hunting life in couples.\u00a0\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

          The Co-living spaces In India offer flexibility, affordability, and complete autonomy to the individuals. Co-living offers a lower cost of living due to the shared amenities, utilities, and other common residential features. The Future of Co-living spaces in India is positive as the young population is becoming more inclined toward cost-effective and community living options. […]<\/p>\n","protected":false},"author":7,"featured_media":18416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[312,313],"class_list":["post-4579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-co-living","tag-coliving-spaces","tag-coliving-spaces-in-india"],"_links":{"self":[{"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/posts\/4579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/comments?post=4579"}],"version-history":[{"count":25,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/posts\/4579\/revisions"}],"predecessor-version":[{"id":14717,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/posts\/4579\/revisions\/14717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/media\/18416"}],"wp:attachment":[{"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/media?parent=4579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/categories?post=4579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/tags?post=4579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}