Nowadays students who want to make a lucrative career and for higher studies, move to a new city to follow their passion and pursue their dreams. This results in the demand for student housing in many forms is growing rapidly in India. In the last few years only PGs, shared accommodations, rental flats were available as options for accommodation. But, now organized living i.e coliving spaces and student living have emerged as trends in the current scenario and this culture has a promising future.
What is co-living?
Co-living is a modern form of housing where residents share living space and a set of interests, values, and intentions. It’s a new approach for the millennial generation that values things like openness, collaboration, social networking, and sharing economy. Nowadays students are opting for co-living accommodation to enjoy a great sense of freedom.
Moreover staying away from parents and moving to a new city and managing a life away from home is very difficult. For moving away from your hometown and settling in a new town, students need to be confident enough to make their own decisions. The way to handle things and to manage your daily life is the key thing to be taken care of. Co-living accommodation provides fully furnished rooms, with cleaning and maintenance services, utilities, furniture with other facilities. Moreover, for a student’s accommodation, coliving is a much more liberal and convenient option.
According to the latest trends, now the real estate industry is focusing on targeting markets such as all the educational spots like Mumbai, Delhi, Bangalore, Pune, Jaipur, and many more places.
Student housing accommodation or Coliving is gaining a huge profit, attracting a lot of real estate developers investors. The key factors which actually will give you a clear picture of the future scope of student housing in India. The student accommodation will attract young students as it provides a healthy ambiance, like-minded co-residents with all necessary amenities. The market gap and upcoming reports and projects highlight that student housing accommodation is going to be the next big real estate asset. It will be a large chunk of demand by not only students also by working professionals in the next 10 years. Especially, students in India look for housing options which gives them a comfortable living with all the facilities at affordable rates.
Apart from the basic facilities, Coliving offers you a high standard of living with standardized services. Moreover, now student housing also provides safety and security to the tenants and a good environment for students to study. Catering to all the needs the co-living culture gives you a user-friendly experience. Now every co-living player is working towards to provide you with extra amenities such as lounge areas, recreational areas, community events, etc. So, looking forward to student housing in the future it will witness a huge and tremendous growth in the reals estate market. All the real estate properties are tying up with co-living brands to provide and design properties to meet the needs and demands of the market. Especially, for students, it will cater to all their needs and built up accommodation catering as per students.