Co-living is one result of demand for rental housing solutions from millennials, students and young professionals whose choices differ from previous generations, especially young and unmarried millennials aged between 20 and 30.
Co-living spaces allow residents to mingle and interact while providing privacy, generally offering fully managed spaces like serviced apartments, but offering customisation such as private or shared bedrooms. They come with communal kitchens and living/dining areas. It helps avoid the isolation often integral to a driven urban experience, and its popularity is such it may see demand for co-living solutions from future single seniors.
Co-living offers an investment opportunity, with higher-than-average rental revenue, but in India has only selective takers so far.