The Future of Co-living spaces in India: Experts agree on current issue resolutions

We all would agree that the cost of living has increased tremendously in the last two decades, especially the accommodation.  Now and then we are migrating to different cities and even countries to pursue new job prospects. Such frequent migrations involve the grim task of arranging the accommodation as well as other essentials. Therefore, experts believe that co-living spaces in India are perfect solutions to these complex problems.

Be it affordable accommodation without compromising amenities or getting yourself acquainted in a new city, a temporary landing pad or home-like setup, entering a new passion or just an escape from the routine life, co-living spaces are your one-stop solution.

The idea aligns with the modern psychology of “unsocial sociability,” wherein, the individuals be it students or professionals get the flexibility to enter and exit the social set-up at their will.

Co-living spaces around the world have their glorious histories. “Hacker homes” offered affordable accommodation to aspiring entrepreneurs from a long time in the west. Mark Zuckerberg rented an apartment in Palo Alto where the team created Facebook. So, a co-living space is not restrained as a “crude adult dorms” but offer a more creative simulative environment.

Bangalore and Gurgaon are in the lead to exploring the co-living spaces in India. Co-living spaces in India offer fully furnished homes with various amenities such as appliances, laundry, housekeeping and add-on such as music, art rooms, etc. Co-living spaces in India range from Rs.8000 to Rs.30, 000 depending upon the degree of luxury and amenities offered.

One may question that how individuals from various backgrounds, habits, and culture can adjust under a single roof with common amenities? The questions is utterly essential but the answer is very simple, the co-living spaces in India are designed for millennials with high tolerance due to their rationalist attitude.

Co-living spaces in India is growing at a fast pace and has a bright future. Though it offers affordable housing without compromising amenities and helps in avoiding paying brokerages spearheading awareness about the new concept, is the primary challenge.

It may have a conflict with traditional PG setups but it will not be replacing it for sure. Infrastructure for co-living spaces in India is an important thing to be focused on to make it look comfortable, at the same time, is pocket friendly. Irrespective of these minimal challenges it is expected to grow due the need of large mobile workforce.

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Kim Ramaswamy

Kim started her online career with Horizons Cottages as an Intern Journalist. After fulfilling her degree in journalism from the Delhi College of Arts and Commerce, she joined various social activities and platforms that exhibit her skills in media coverage and strategic journalism approach.

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