Co-living has been accepted as a viable and rewarding solution to the increasing prices of real estate and the modern lifestyle in India. Co-living is already a boost to the Mohali real estate growth. A recent report by Colliers India says—

A typical co-living product usually focuses on providing a set of amenities relevant to a specific occupier set. Therefore, with increasing understanding of the local dynamics and requirements, some of the differentiators that are expected to be witnessed in the co-living space in coming years can be subscription model, ready to move in, and community-driven living experience.”

Source: Colliers India

For residential real estate owners and investors, this is a new territory and so they are in the experimentation mode—for pricing business model, architecture and design, and for their branding and sales strategy.

A Colliers report on coliving in India, for residential real estate trends and business model, as posted by Tick Property Mohali.

The growing millennial population in India who have relatively higher disposable incomes, and who prefer a community-driven high-end living based lifestyle are the key drivers for co-living real estate demand. The Colliers report shows how organized co-living sector is a massive business opportunity for Indian real estate.

https://www.tickproperty.com
Do you like Tick Property Team's articles? Follow on social!
People reacted to this story.
Show comments Hide comments
Comments to: Organised co-living in India—Good new for real estate in India

Write a response

Your email address will not be published.

Attach images - Only PNG, JPG, JPEG and GIF are supported.

Join us today!

Join us for real estate industry updates, news, new projects, trends, reports, and new property updates.

Contributing authors

Inviting contributor author for Tick Property: If you want to write for Tick Property, please write to us at [email protected] with the details—your name, email ID, and your current organization (or business name if self-employed).

The Tick Property Newspaper

We publish a daily newspaper for a quick reference to real estate news, insights, and reports: See the Tick Property Newspaper

Good Reads

La-Mer—one of the most promising commercial real estate projects on the PR7 road in Zirakpur that offers a unified and footfall-centric experience of shopping, dining, leisure, and entertainment. Zirakpur is one of the hottest commercial property investment destinations in the region. The huge and fast growing residential areas in Zirakpur and on the Mohali Airport […]
The modern practices in corporate India in many industries particularly in the IT and software, technology, and white collar corporate operations means that the commercial real estate projects had to adapt for their leasing strategy. Before the pandemic, office space was designed around the tenants’ experience for the facilities, security, utility, maintenance, parking, and so […]

Worlwide

There are no matching posts for this section.

Trending

This post is taken from Forbes India (source). In the commercial property trends in India in the recent years, the new-generation technology parks have emerged particularly in high-potential and high-rewarding cities including in Bengaluru, Hyderabad, Mumbai, Delhi and Pune. Chandigarh and Kolkata are now attracting investments too. This, according to Nasscom, has been due to […]