During the novel coronavirus pandemic in India, co-living companies have seen almost zero demand and are expecting occupancy to be down by 40-50% in May.

With social distancing becoming the new norm, Indian co-living startups are unsure about how it could affect people’s mindsets around community living, while post-COVID unemployment is predicted to hit 31%, along with a prolonged slowdown affecting consumer spending, corporates exploring Work from Home options for employees, and companies pausing recruiting fresh graduates.

These factors will all hit coliving players targeting early-stage working professionals hard. With future growth expectations looking muted, these startups are using the time to create leaner, more creative organisations and scale sustainably.

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