`Co-living` catching up in metros |
At present, there are four startups that focus on co-living operating out of Gurgaon in Haryana, and two are based out of Bengaluru. The four Gurgaon startups – Fella Homes, CoHo Stayz, Wudstay and Ziffy Homes – have between them 575 properties of varying sizes – from 20 rooms, to three – in NCR. Considering the large number of young people moving to Gurgaon for work, these players say they are eyeing massive growth in the coming days. A bunch of startups - in Gurgaon and Bengaluru - is growing a market for organised rentals. They take over properties, furnish them and then rent them out to people. Some of the accomplished international players in the space are WeLive (US), Common (US) and You (China). In India, it is a reportedly $10-billionplus market. Taking inspiration from US-based WeLive, CoHo focuses on community living and builds, what Lakkar calls, `social experiences for its customers`. The properties are divided into three types — villas, dorms and apartments. While villas and flats are developed keeping working professionals in mind, dorms are meant mostly for students. More than anything else, it`s the convenience of a maintenance service and a prompt grievance redress system that youngsters find most enticing.
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