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All You Want To Know About The Coliving In India [2022 Updated]

CoLiving in India

Last Updated on January 24, 2022 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 2022, 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.

The co-living segment is expected to have 4,50,000 beds mainly driven by organized players by 2024 instead of 2,10,000 beds by the end of 2021, mentioned the Colliers’ report.

According to Proptiger and Knight Frank reports, India’s co-living market potential is worth $93 billion per year.




Co-living is an intentional community providing shared housing for people with shared intentions. This may simply be coming together for activities such as meals and discussion in the common living areas, yet may extend to shared workspace 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.

We have recently launched a listing website www.colivingindialistings.com, an exclusive listing platform for the Hostels, Co-Living spaces, PGs, Bungalows, and Shared living spaces. Kindly visit to register your space.

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What Is Co-Living? 

Co-living is a cultural distinction, as it can encompass many structural forms, including rental and ownership, urban and rural.  Still, in its current embodiment, coliving tends to be urban and integrated into a single building, house, or apartment. And the demographics tend towards 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 Suitable for;

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  • 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




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.in, in Bengaluru, is a women’s only co-living space that offers a gymnasium, swimming pool, Zumba dance classes, self-defense, and safety training, 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 various 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 and being around others and collaborating with them, you can still enjoy some much-needed quiet time.


Co-Living Space Market Size in India [2022 Updated]

  • The co-living segment is expected to have 4,50,000 beds, mainly driven by organized players by 2024 instead of 2,10,000 beds by the end of 2021, mentioned the report, said Leading diversified professional services and investment management company Colliers in its latest whitepaper by the Colliers Advisory Services team.
  • The total number of Indians living in urban areas will reach 525 million by 2025. Cushman & Wakefield’s research on coliving 2021 suggests that the demand by singles living on rent shall grow from 1.97 million in 2019 to 2.61 million by 2025 in the top 8 cities of India.
  • With the median age of 29 (World Population Prospects 2020), the workforce of India today is on a continuous move and does not prefer settling on their living standards.
  • As per the latest report by the Student Accommodation Provider Association of India (SAPFI) and consulting firm CBRE, the student housing sector (coliving) to attract a $700 million investment by 2023.
  • After decent growth of the co-working segment in the last few years, it’s now a co-living space that is creating a buzz in India and has the potential to become USD 93 billion markets annually on rising demand from students and professionals, according to a study.
  • Over 50 percent of people in the age group of 18-35 years are willing to rent co-living spaces and pay up to Rs 15,000 a month in top Indian cities including Delhi NCR, Mumbai, and Bengaluru, according to a survey by Knight Frank in 2018
  • A RedSeer analysis based on the size of the population of millennials in the urban workforce says the industry, which has an addressable market of 10 million customers, is not winner-takes-all and has plenty of room for many players to grow and reach a sizeable scale.
  • In India, the undersupply of student accommodation and the market size are a massive draw for developers and start-ups.
  • Institutional investors and venture capital firms have found their way to the country, with Goldman Sachs and Warburg Pincus investing in the sector.
  • Warburg has set up a joint venture with Lemon Tree and will invest Rs 3,000 crore to develop full-service accommodation for students and young working professionals.
  • In August 2018, HDFC picked up a 25 percent stake in Good Host Spaces Pvt. Ltd offers student housing facilities under the brand name NewDoor (previously Yoho) for Rs 69.5 crore.
  • The Big players in the sector are Nestwaway, ZOLO Stays, OYO Living, and CoHo.
  • Among the existing players in the segment are RentMyStay, Rentroomi, SimplyGuest, and Flat hood, Stanza Living, Zolo, Placio, and CoLive have recently entered this sector and raised funds to spread the business.
  • According to a PropTiger report in February 2019, the report found out that co-living sector has total untapped demand of about 46.3 million beds, out of which 8.9 million are from student housing.
  • Total occupancy recorded in hostels within college campuses across India was only 3.4 million students, leading to a demand-supply mismatch of 8.9 million students. The unorganized sector currently meets this deficit for co-living spaces, including PG accommodation and rental houses, etc.
  • News Corp and PropTiger have termed the co-living space a “real estate goldmine” that remains largely untapped.
  • The supply by organized players in co-living is currently limited to over one lakh beds. Assuming they earn ₹1.44 lakh per annum per bed, ranked players in this segment are presently USD 206 million).
  • If the existing demand-supply mismatch is fixed, this segment has the potential to grow into a USD 93-billion market,” PropTiger said in a report.
  • Entrepreneurs in India are launching co-living portals and tying up with real estate developers to build projects meant explicitly for the co-living segment, especially for students and working professionals.
  • Packed with modern amenities, these spaces are designed keeping in mind the needs of the targeted segment.
  • Co-living spaces for students are generally equipped with basic facilities such as housekeeping, laundry services, security, and meals, apart from additional facilities such as gaming consoles, libraries, gyms, pools, and high-speed Wi-Fi.
  • Lately, OYO Living has also entered the segment, with more than 2,000 beds in Noida, Gurugram, Bengaluru, and Pune, the Proptiger report said.
  • “Rental yield in this segment is higher than traditional renting methods,” the study said.
  • Citing an example, it said that property for students in Sector 125, Noida, is expected to give about 8–9 percent rental yield, whereas housing for professionals is expected to provide 5–7 percent rental yield.
  • Investors also get a tax rebate on housing loans if they take a loan for buying a residential property. The investor can enjoy the benefit of a tax rebate, along with rental income, something not possible in the case of commercial property.
  • The supply by organized players in co-living is currently limited to over one lakh beds. Assuming they earn ₹1.44 lakh per annum per bed, organized players in this segment are presently generating a combined ₹1,440 crores ($206 million)
  • Most of the projected demand comes from students studying in different colleges and single working professionals across the county.
  • There are about 50,000 colleges in India where over 31 million students study. Out of this, over 12.3 million students are migrants.
  • Uttar Pradesh has the highest demand (nearly 19%), followed by 13% demand in Maharashtra. The report said that the southern states, Tamil Nadu, Karnataka, and Telangana, have a combined demand of 16%.
  • These numbers indicate that developers, focusing only on commercial office spaces to expand their rent-generating portfolio, need to consider building spaces for co-living seriously,” the report added.
  • With a substantial increase in the number of young professionals who move to new cities for work, the concept of community living is attracting takers.

You might be interested in The Indian Interior Fit-Out Market-Opportunities For Construction Professionals.



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.




We have recently launched a listing website www.colivingindialistings.com, an exclusive listing platform for the Hostels, Co-Living spaces, PGs, Bungalows, and Shared living spaces. Kindly visit to register your space.

Contact us: info@constructionplacements.com, admin@colivingindialistings.com

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