Is Co-living in Bangalore the latest trend among working professionals?

According to housing census data released by the Directorate of Census Operation, Karnataka, a total of 30% of Bangalore's urban population live in rented accommodation' a number that is the highest in the state and increases in tandem with the upsurge of IT companies in the city. While most shy away from purchasing a home due to the steep rise in real-estate prices in prime business locations, others believe the high price-to-rent ratio (a ratio derived by comparing the price of a particular property vs its rental) makes renting a property a financially viable option.

Even then, renting a flat in India and especially in Bangalore is a tedious and often surmountable task. Potential tenants are often at the mercy of flat owners and agents who amongst them decide upon the long list of arbitrary rules and regulations, which are often impractical and overbearing for young adults. Add to this, the cost of brokerage, unkempt apartments, and the lack of security makes finding a decent semi-permanent accommodation dreary and unpleasant.

To curtail this problem and offer tenants an affordable, clean and comfortable dwelling, the concept of co-living was introduced.

Co-living is best defined as a modern form of housing where residents or tenants have their private bedroom and bathroom and share common living spaces like the living room, kitchen, and balconies. Co-living is a new take on communal living a concept that has been around for decades. Co-living is built to suit the requirements of a certain demographic, usually single working professionals, and is based on the values of openness, collaboration, networking, and sharing economy. This concern for modern luxury living at affordable prices was understood by real-estate developers who captured the potential of the increase in demand and accordingly extended their portfolio to meet this ever-expanding need.

Not only does co-living offer residents the luxury of having their own space, but it also provides them with a community they can interact, work and learn from. The policies are clear, prices affordable, and services impeccable. Co-living warrants a casual atmosphere where roommates or apartment-mates can enjoy a game, watch movies or partake in several events organized by their rental agency or company. Co-living in Bangalore also offers tenants fully-furnished homes, complimentary Wi-Fi, housekeeping, on-demand meal, cook or emergency services, and access to amenities such as a gym, swimming pool, and club.

Often touted as the residential alternative to co-working spaces, co-living in Bangalore is the next big trend and more specifically in Bangalore. The luxury apartments are furnished and set in some of the city's most premium business areas.

Co-living also breaks the cliche of barricading ourselves and prioritizing individual space over communal interactions. It propels residents to step out of their bedrooms and engage with one another thereby eliminating boredom or loneliness. It provides you with a sense of community.

They also have the added advantage of living near work and saving hours of their commute time, 24 * 7 security, and an on-call relief team. Most co-living ventures and other real-estate builders in Bangalore also offer a seamless booking experience with zero brokers, landlords, or documentation. A few clicks are all it takes. For millennials, who are extremely experience-driven, these facilities fit the bill, and co-living in Bangalore particularly has risen beyond just a housing model. It is a solution to the Gordian knot.

And in case, If you are planning to invest in Properties in Bangalore or planning to live in your own Dream Home/Apartment we are always here, real capital ventures has been providing real estate appraisal and consulting services since 2015. We specialize in Indian - Commercial, Retail, Residential and Industrial Properties and are known for their cooperative condominium and townhouse expertise. Feel free to contact us!