And Now, Sharing Living Space Too!

When the millennial generation moves to bigger cities in search of jobs or for educational purposes, the choices remain a PG or a distant relative’s house. Taking a leap forward in the direction of cowork spaces, co-living is the new norm for new-agers

- Shwetha Satyanarayan

For millennials who would rather invest in bucket-list travel destinations instead of million-dollar-worth assets, housing has often been the least of ‘priorities’. When workplaces can be shared and even rides to offices, can homes not be shared too? Estimated to be worth around USD 8-10 billion market in India, co-living spaces have been a clear winner for the millennial generation in metros where the rentals are always over the roof. In addition, while co-living spaces are convenient and comfortable, they provide a host of facilities at affordable prices, points out John Jacob, Associate Vice President of Delhi-based start-up CoHo.in. Commenting on why co-living spaces strike the right chord with youngsters, Jacob, says, “The tenants don’t have to pay any bills such as electricity, water, internet or even a maintenance fee.”