India is likely to add 150 million urban residents over the next 15 years, leading to a huge rise in co-living according to JLL India.
Co-living spaces are generally rented residential units offering private bedrooms and communal kitchens and leisure spaces.
Around 10 million of the more than 35 million students in India are likely to migrate to other cities, so co-living providers are looking to move into this space to fulfil the living requirements.
They also face many barriers such as landlords refusing to house them for religious or cultural reasons.
Currently, the co-living sector in India is valued at around $120 million, forecast to hit $2 billion by 2022. OYO and WeWork are among those looking to benefit.