By IHR Team on June 25th 2022
The ‘co-living’ concept is a reflection of the ‘asset-light model’ that was pioneered by the hospitality sector. The concept is fast emerging as an alternative residential real estate offering, ensuing as a sustainable solution to the ever-growing urban space scarcity. To map, understand, and predict the development and growth of this shared housing segment, JLL Research conducted a demand survey targeting millennials across the top seven cities in India, and the report foresees this young shared living market continuing to be re-shaped during its nascent years.