Coliving is a perfect blend of community, convenience, comfort and cost-saving. According to Knight Frank India, the leading international property consultancy, New Delhi got 11th position, emerged as the top potential market for Co-living in India.
What is coliving
A coworking hub/ space focuses on offering a workplace where like-minded individuals can tackle their daily tasks and be part of a tightly knit community where professional advancement, lifelong learning, and cooperation are promoted. Co-living also known as co-housing, house-sharing, or room-sharing, is a growing trend in posh colony of South Delhi. Benefits of Co-living space is a group of people—often strangers—come together to share common living spaces, save money, and enjoy a more affordable lifestyle in finest of localities.
How does Coliving works?
- Co-living apartment, builder floors will offer 2 or 3 bedroom units with common areas including a living room, kitchen and dining area.
- Bedrooms and bathrooms may be private or shared.
- Co-living differs from a typical shared rental (roommate) situation in that co-living spaces are frequently furnished, don’t require long leases, and almost always include WiFi and utilities.
- Co-living can also include housekeeping services and some even offer catered functions for tenants, housemates, and their guests.
- Co-living property managers handle billing and repairs of the building.
What are the benefits of Coliving?
As per southdelhiprime.com Benefits of Coliving are:
- Social Life: Coliving spaces are designed to bring people together.
- Furnishings and Features: Abound with assistive services and countless amenities.
- Reduced Financial Commitment: Reduce your living costs and build your network.
- Emotional Support & Perspective: Living side by side with people similar in age, work arrangement, interests and values.
- Affordable Solution: Coliving spaces can reduce your living costs by as much as 20% compared to what you would spend when living alone.
‘Coliving space is for people who value a community alongside individuality.’
Why Coliving?
- Learning Opportunity: Residents unite around a common interest of wanting to learn and grow from the people they surround themselves with.
- Resource-sharing: There is a positive environmental impact of sharing resources and costs to reduce waste.
- Affordable & Temporary Solutions: Coliving allows to enjoy the amenities of posh colonies in South Delhi at affordable rates.
- Understand Posh Colonies: Coliving space is perfect for those relocating for a new job, studying for a degree, working remotely, starting a new company, or getting to know south Delhi colonies like e Hauz Khas, Greater Kailash, Defence Colony, South Extension, Jor Bagh, Safdarjung Enclave, Panchsheel Park, Green Park and many more.
- Flexible Lifestyle: Coliving design is for young professionals, entrepreneurs, artists, interns, students, travelers, remote workers, and many more get benefit from a flexible and furnished lifestyle ripe with advantages for themselves, their community, and the planet.
Coliving or Coworking – Which is Right for You?
Co-living spaces are perfect for individuals who tend to travel a lot and only spend a few months at a time in any given place. As the sudden popularity of digital nomadism continues to rise, coliving hubs offer an ideal work and living space for anyone who needs short-term housing and a well-equipped office to work from. Coliving can also be an excellent choice for anyone who has moved from a small town into an expensive city like South Delhi and needs a temporary and affordable solution as they build up their business.
Conversely, Co-working hubs are ideal for those wishing to separate their private life from their work life. If you have and can afford your own place in a different part of the city, don’t mind the time and money spent on your commute and would do anything to just go home at the end of the day without feeling tempted to work overtime, then a shared office space is definitely the ideal choice for you. It’s also perfect if you have long-term goals of growing your business and staying in the same city you live in.
With the work from home becoming the new normal amidst COVID, there is a high possibility that Co-living and Co-working both coexist together from the same accommodation in matured communities of South Delhi.
Contact us for your coliving, and leasing requirements!
Southdelhiprime.com a Digital Venture of SanD Advisory Pvt Ltd. is a boutique real estate advisory & transaction company, having advised the who’s who of South Delhi on their real estate assets. We have special expertise in high value transactions & dispositions in South & Central Delhi. With over 500+ clients, SanD has done transactions worth millions. DoctorProperty.in, our online expert will respond to some of the common questions we’re receiving regarding buying a house during this pandemic.
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