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Co-living is the Latest Trend in Urban India

The most current contestant in the land scene. The idea of co-living is really making up for lost time quickly in the Indian metro urban communities. Gurgaon and Bangalore have taken lead in this forthcoming idea with more than six administrators and 500 properties. http://www.favista.com/blog/2017/11/09/co-living-latest-trend-urban-india/

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Co-living is the Latest Trend in Urban India

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  1. O^^€ Q Menu ▼ Co-living is the Latest Trend in Urban India ©November 9, 2017 & Real Estate # Co-living Trend in Urban India, Latest Trend in Urban India,What is co-livingm Srishti Chandola ifc Like 0 The newest entrant in the real estate landscape. The concept of co-living is actually catching up rapidly in the Indian metro cities. Gurgaon and Bangalore have taken lead in this upcoming concept with over six operators and 500 properties. What is co-living? It is also referred to as the shared living. Co-living may actually bring to mind the crude dorms which are meant for adults. That would, however, be an erroneous assumption. The co-living units can be defined as the furnished homes that are shared by like-minded tenants. This concept proffers an exciting option to home seekers that focuses on using the shared amenities and spaces that build the sense of community that revered amongst the millennials. Supporters of this trend over the co-living proffer more fulfilling lifestyle by addressing the requirement for social connections as well as removing hassles which involve traditional renting. Experts differentiate co-living from the hostels as latter are much more functional in nature with some bare-bone values. Co-living has a community-centric approach with prime focus going beyond basic amenities to the engagement tools as well as the experiential living. Quality of life is enhanced at a much superior level in co-living units as against the basic hostels and paying guest spaces. The co-living arrangements in India proffer home quality with all required services and amenities which includes furniture, furnishings, laundry, appliances, and housekeeping and may have add-ons like art or music rooms, barbeque grills, etc. Rates generally begin from Rs 8,000 and may go up to Rs 30,000 which depends on the degree of luxury and amenities offered. Advantages of co-living The concept proffers various advantages over traditional rental units: ■ All utilities and services are taken care of by operators

  2. ■ Freedom from stress of finding roommates ■ Brokerage-free dealings ■ Minimum moving costs as co-living units which are fully-furnished ■ No landlord ■ Opportunity to learn from communal experiences ■ Networking advantage For numerous generations that favor the flexibility offered by what actually does 2017 hold for the co-working spaces in India? Co-living, co-working spaces are the next logical step. Perfect for single and young professionals, modern migrants who don’t want the stress involved in the ownership of the home, this niche segment is observing growing enquires. The industry experts portend that the co-living has potential to come up as a lucrative distinct category of real estate, over and above the commercial, residential, hostel, retail and office segments. Also, the category will displace minimum of 20% of demand for the service and residential apartments segment. The real estate landscape will see the custom-made inventory aimed at the meeting the organic demand of the co-living market, from the 8 prime cities in India. Awareness of any fresh concept, however, amongst target groups is always challenging which basically applies to co-living as the industry as well. Concept communication of holistic living focused on superior experience with a shoved price that takes time as well as effort till the real estate industry takes secure shape in the society. Also, on the ground execution on the operational front in a comparatively unprofessional work environment in the country is certainly an added challenge. Regardless of the hurdles, this segment will grow further in back of booming mobile workforce. ^ Guidelines to Buy and Finance Property Outside India Leave a Reply Your email address will not be published. Required fields are marked * Comment Subscribe to our newsletter Want to be notified when our article is published? Enter your email address and name below to be the first to know. Name

  3. Send Facebook Twitter Timeline Tweets by @FavistaRealty Recent Blogs Co-living is the Latest Trend in Urban India November 9, 2017 Guidelines to Buy and Finance Property Outside IndiaOctober 31,2017 Soft Furnishing for Home DecorOctober 30, 2017 An Emerging Market in India- Holiday HomesOctober 27, 2017 Tips for Home Improvement for TenantsOctober 26, 2017 Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEAD alumni with experience in strategy consulting, internet marketing, venture capital having been part of companies such as McKinsey, Capital One, PartyGaming and SSG Capital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estate space. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services in India. ABOUT About UsOur TeamCareerContact UsTerms Privacy PolicyDisclaimerSite Map QUICK LINKS Post Property FREEEMI CalculatorBlogs Compare ProjectsDownload Mobile APPSale PropertyRent Property

  4. CONTACT FAVISTA Toll Free - 1800 2121 000 (ALL INDIA) Gu rgaon - +91-124-3378700 Noida - +91-120-4117463 Mumbai - +91-22-40142051 Email Sales - sales@favista.comEmail Enquiry -info@favista.com Q Unit 235 to 240 2nd Floor, Vipul Trade Center,Sohna Road Sector 48, Gurgaon, Haryana 122002. 1 Square meter = 10.764 Square feet Have More Questions? Do not hesitate to contact us! Read our FAQ's or Leave a feedback for us to contact you shortly. © 2015 Favista Real Estate Pvt. Ltd., All Rights Reserved.

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