Last Updated on June 14, 2025 by Admin
Co-living is a community housing arrangement where like-minded people stay together and share their accommodations after co-working. Co-living is the latest concept widely spread across the country.
Because of the interests from the millennials, i.e., the younger generation in the age group of 20-30 years and living more independently in India, there is room for the coliving space companies to flourish.
As of 2024, various Coliving start-ups have come up with their models. They started with the business activities and got great responses from the younger college-going students to corporate professionals.
As of now, there are around 50 plus co-living space start-ups and companies that exist in India. You can find here the list of the co-living companies in India.
Co-living is an intentional community that provides shared housing for people with shared intentions. This may simply involve coming together for activities such as meals and discussions in the common living areas, yet it may also extend to shared workspaces and collective endeavors such as living more sustainably.
As we define it, living is a modern form of housing where residents share living space and interests, values, and intentions.  It’s a new take on an old idea imagined by a millennial generation that values openness and collaboration, social networking, and the sharing economy.
What Is Co-Living?Â
Co-living is a cultural distinction, as it can encompass many structural forms, including rental and ownership, urban and rural. Â Still, in its current embodiment, coliving tends to be urban and integrated into a single building, house, or apartment. And the demographics tend toward 20 and 30-something professionals more than families, boomers, and retirees.
Residents of coliving spaces come from all walks of life and range in age from the 20-something to the retiree. However, they’ll typically include hardworking professionals, entrepreneurs, creatives, and artists who seek an environment where they can be empowered and inspired.
Co-living encourages sustainable lifestyles by making it easy to share resources. It’s an excellent strategy for changing your routine if you’re tired of the usual 9 to 5 work schedule, crave more face-to-face interaction, or want more out of daily life.
Types of millennials that Co-Living space is Suitable for;
- Individuals
- The student pursuing higher education in non-native cities
- Digital Nomads
- Freelancers and people working on short term contracts
- Single women
- Young working Professionals
Co-Living Space Market Size in India 2024
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The co-living space market in India is expected to double by 2024, reaching around 4,50,000 beds, mainly driven by organized players.
The market value is anticipated to cross the USD 1.0 billion mark by 2025. The sector is expected to be dominated by organized players, contributing significantly to the growth. In India’s top 30 cities, the market is projected to grow twofold, reaching $13.92 billion from the current $6.67 billion.
The market has recovered well post-COVID-19, with vaccination rates and easing restrictions playing a crucial role.
The co-living market is expected to continue its upward trajectory, driven by the demand for affordable and flexible living options. For more detailed insights, refer to the Colliers Advisory on India’s Co-living Market and the Knight Frank Co-Living Report 2024.
You might be interested in The Indian Interior Fit-Out Market- Opportunities For Construction Professionals.
Why you should consider going for a Co-living Space
Co-living is all about community, convenience, and cohabitation. With millennials and young professionals continuing to flock to highly populated, high-priced metropolitan areas, the demand for affordable, convenient living options keeps increasing.
Although each co-living company’s business model differs, co-living most often involves individuals renting a private room within a shared apartment.
The following are some reasons you should consider going for a Co-living Space?
1. Ease of living
If there ever were the ease of living ranking among real estate offerings, coliving would undoubtedly top the list, especially for urban millennials, who move jobs (and homes) every 20 months.
The whole process of relocating to a new place becomes easier than opening a bank account when furnishings, kitchen utilities, and maintenance services are taken care of.
2. Budget or Cost of Living
Most young professionals cannot afford to buy a house in the city. So, renting becomes the only option. If you choose to live in a coliving space, the utilities are no longer your responsibility.
Don’t worry about paying the electricity bill or going over your monthly internet gigs. It’s all taken care of.
There’s only so much that you can remember, and the water bill should not be on that list. Most co-living have different plans — based on internet usage, TV watching, and gas consumption – the takers can choose from.
3. Sense of community
Millennials are often perceived as lone rangers in pursuit of their paths. As free as birds, they explore new horizons, evidently in no hurry ‘to settle down.
However, the journey can often get lonely. Studies suggest that more than 40 percent of millennials suffer from chronic loneliness.
“Imagine you’re a graphic designer, and there’s a coder in one room, an investment banker in the second, and your roommate is a videographer.
The possibilities of what you could create at the comfort of your workspace within your living space are endless,” says Sait. The ironic part is that people are oblivious to this new way of living.
4. Safety
Residential safety is more than just having a security guard. It’s about a sense of wellbeing that space exudes.
When you opt for a co-living space, you can be sure about 24-hour security, CCTV surveillance, access card entry, background verification, and the screening process of the staff and residents.
This niche realty segment is much more organized and transparent than PG accommodations and renting options, making it a safer choice for millennials in a new city.
5. Lifestyle choices
The concept of community living is not new. What’s new is that, unlike in the past, millennials are drawn together by lifestyle choices and not so much by religious affiliations or other considerations. Youngsters prefer residential spaces that are more flexible and social. Home is where the fun is!
6. Free Of Landlords
co-living opens up when it comes to meeting new people, and they said that diversity makes co-living an exciting experience. Their residents don’t want to leave once they experience the perks of living away from snooty landlords.
He says, “Everything happens on the CoHo mobile app; we don’t need to constantly be breathing down our tenants’ necks like traditional landlords.”
7. Health & Fitness
Hermosa Muer, a part of CoLive, is a women’s only co-living space in Bengaluru that offers a gymnasium, swimming pool, Zumba dance classes, self-defense and safety training, and an exclusive female fitness trainer. All other co-living spaces offer similar fitness infrastructure, so traveling for your health is a thing of the past.
8. Finding your place in the world
For people who can’t afford to buy or rent real estate on their own, wish to see the world, or aren’t quite ready to settle down in a single place, co-living offers an incredible opportunity to find fulfillment. As one of the top networks of co-living spaces worldwide, Roam is designed for people with unique needs.
9. Privacy when you need it
Even the most outgoing people sometimes need a little time alone, and with co-living spaces, you can undoubtedly have the best of both. So, even though co-living fosters a sense of community, being around and collaborating with others, you can still enjoy some much-needed quiet time.
Conclusion
Co-living is a new trend that has hit the Indian metropolitan cities. When you move halfway across the country, to places with no solid support system — friends or family –, you no longer have to worry about buying yourself a refrigerator setting up an internet connection or even being lonely. Co-living will be there to take care of all your homely needs.
In India, the co-living concept is gaining widespread acceptance and has brought some new models in the private rental sector.
Though the concept is novel, it’s here to stay, as India’s millennial population currently accounts for 440 million.
The growing interest for co-living spaces in cities such as Bengaluru, Mumbai, Delhi NCR, Pune, Hyderabad, Chennai, and other tiers II and tier III cities like Ahmadabad, Kota, Cochin, Jaipur, Kanpur, Dehradun & Nagpur this is an ample opportunity for the real estate investment community.
Co-living or shared living spaces are a hot topic, with developers and value investors reassessing how they view apartment offerings.
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