Jayesh Rathod, director of The Guardians Real Estate Advisory, explains: “There is also the model of building, selling and operating, in which a developer collaborates with an operator and converts their unsold inventory into a living space and then sells the property with a living space label to a potential investor with an excellent rental guarantee. We see enormous potential for this model in the living space, since there are enormous amounts of unsold inventory in all metropolitan areas and, at the same time, there are millennials looking for economic shared spaces that are designed according to their tastes. These spaces are perfect for someone like us who wants to stay together but isn't ready to buy a house, says Vaidehi Samant, an IT professional who rents a living space in Pune.
What is the size of co-living market in india?
Jayesh Rathod, director of The Guardians Real Estate Advisory, explains: “There is also the model of building, selling and operating, in which a developer collaborates with an operator and converts their unsold inventory into a living space and then sells the property with a living space label to a potential investor with an excellent rental guarantee. We see enormous potential for this model in the living space, since there are enormous amounts of unsold inventory in all metropolitan areas and, at the same time, there are millennials looking for economic shared spaces that are designed according to their tastes.
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Exploring the Benefits of Sharing Common Spaces in Coliving
A comprehensive look at the benefits of sharing common spaces in coliving, from creating a community to saving money.
What types of activities are available at coliving spaces?
You can convert a hotel, hostel, villa or even motel into a living space with relative ease. However, what this shows us is that hotels with a subscription model are something we are likely to see more of in the future.
Why is coliving important?
Living costs in cohabitation agreements are often lower than traditional rents, especially in large cities. Monthly rent payments, brokers' fees, security deposits, and the cost of buying new furniture and appliances can add up to significant amounts.
Is coliving profitable?
A profitable business For homeowners, the benefits come from building their brand and diversifying their real estate portfolio through a popular and lucrative housing agreement idea that is increasingly desirable and even necessary in some of the largest cities in this country. Everyone involved in the paradigm of living together can benefit.
