Co-living scheme WeLive, owned by co-working company WeWork, which is backed by SoftBank, is expected to launch in US in 2019, with Embassy Group as its partner. WeLive has been running in two India locations since 2016, involving 400 serviced apartments. The co-living market in US is at an early stage, but is growing as the housing market moves away from ownership. The global co-living market is expected to be worth $15bn by 2020. In addition to WeLive, WeWork is planning to double the co-working space it offers in US during 2019.
Co-living scheme WeLive, owned by co-working company WeWork, which is backed by SoftBank, is expected to launch in India in 2019, with Embassy Group as its partner. WeLive has been running in two US locations since 2016, involving 400 serviced apartments. The co-living market in India is at an early stage, but is growing as the housing market moves away from ownership. The global co-living market is expected to be worth $15bn by 2020. In addition to WeLive, WeWork is planning to double the co-working space it offers in India during 2019.