Co-living can prove to be the next growth driver of real estate industry as there are various untapped opportunities in this sector for the developers. The concept of co-living, that is, sharing spaces in a room or apartment by two or more people, is getting popular across the country.
The growth momentum offered by this segment can also help real estate developers tide over the current lean patch in the industry. “Over half of the current population of the country is less than 25 years of age and many of them are studying in colleges or working in companies and require co-living options. A real estate company specialising in co-living can have the fist mover advantage now” said a property expert.