The Indian co-living market could be worth $93m a year thanks to rising demand from professionals and students, according to property portal PropTiger. It said there was a demand for more than 46 million beds, almost nine million of which was from students, and that demand from students was currently being met by unorganised accommodation and rented houses. Several companies have already developed co-living locations, and PropTiger said property developers should seriously consider co-living projects. “Co-housing is not just about the individual or couple who wants to live in their own home, but also about communities wanting to create an environment where people can come together as part of a community@@
The Indian co-living market could be worth $93m a year thanks to rising demand from professionals and students, according to property portal PropTiger. It said there was a demand for more than 46 million beds, almost nine million of which was from students, and that demand from students was currently being met by unorganised accommodation and rented houses. Several companies have already developed co-living locations, and PropTiger said property developers should seriously consider co-living projects. One advantage, it said, was that rent yields were higher than from traditional rental deals.