Designer rooms, gymnasium, housekeeping, games areas and cafeteria are included in the rent in many co-living buildings, along with buzzing communities in India.
Co-living options in many key cities now range from private rooms and shared apartments to bungalows and row-houses.The concept emerged in 2015 from brands such as NestAway and Zolostays, functioning like hostels, but with fully-furnished designer rooms either for sharing or solo-occupancy.
One company Housr’s property in Gurugram has more than 400 beds with around 75% occupancy and a high referral rate.
Around 30% of co-living spaces are located near residential micro-markets such as IT parks and office spaces with price based on unit size, location, type of society and amenities, with the average area for a single sharing room around 300 sq. ft. The average stay recorded by most co-living companies is 10-11 months, ages are 21-35 and ratio of men to women around 3:2, although even couples are taking on units.