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Future of shared accommodation

With the gush in coronavirus cases in whole country and impact of Covid-19 pandemic on the real estate sector and its various segments, the latest survey conducted by the various consulting firm has revealed a few findings on the future prospects of shared accommodation.<br>

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Future of shared accommodation

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  1. FUTURE OF SHARED ACCOMMODATION By BivocalBirds Family bivocalbirds.com

  2. With the gush in coronavirus cases in whole country and impact of Covid-19 pandemic on the real estate sector and its various segments, the latest survey conducted by the various consulting firm has revealed a few findings on the future prospects of shared accommodation. • That is now considered to be one of the fastest developing segments in real space. • According to the findings, the tenants who were hitherto living in PGs are now tending to move to shared houses and co-living accommodation. • Right now, India ranks 3rd on the tally of Covid-19 most adversely affected countries. • The situation is becoming gradually worrisome for the professionals who have to commence commuting to the workplace.

  3. With aim of maintain social distancing and ensure health safety, • 36.2% of tenants respondents of the survey have expressed that they are seeking to shift to shared houses from PGs and around • 33.7% have stated that they prefer to move to co-living apartments. • Remaining prefer the shared accommodation because of the economic crisis as sharing will provide more affordable rent. • The data clearly shows that the current situation has swelled demand in the co-living and shared housing segment. • A person’s priorities have shifted from ‘propinquity to the workplace’ to ‘safe and hygienic place’. • People are acting responsibly and doing their best to stay safe and stop the spread of the pandemic.

  4. Safety becomes the key concern for as high as 73.8% of respondents • Room size and cleanliness are also necessary considerations for around 53.6%. • Over 47% expressed hygienic food together with Wi-Fi as an important feature while selecting an accommodation. • But among the 72.9% who prefer co-living and shared accommodation, stated that they need an individual room than a shared room. Even though the Covid-19 pandemic has severely impacted the real estate industry, with the incline in consumer preference towards the co-living and shared accommodation, the industry can be seen to be shifting the present crisis into an opportunity.

  5. CONCLUSION • We have seen far-fetched progress in the education sector and student enrolment. • Now, because of coronavirus pandemic, the safety of tenants become a top-most priority for operators. • The construction industry is also relooking at the design aspects of forthcoming properties to suit the safety needs and as well as ensuring the social distancing norms are obeyed to. • Operators are re-working on the design aspects of their future coming properties. • They feel the need to intensification room size to suit the recent safety standards.

  6. We the BivocalBirds which is India’s leading online home rental and management network is also not left behind in this. We list all the rental options available on our site only after they pass the safety standards and increased focus on facility management services for our customers. THANK YOU FOR WATCHING

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