Why Indian Millennials Are Opting Coliving Lifestyle

By Author: Ajay Mane
Total Articles: 6
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Change is the only constant and no one would agree to it more than today’s digital nomads. The new age migrants move effortlessly from one job to another and even from one city to another. This millennial generation and its culture have spurred innovative developments across certain verticals. Co-working spaces, sharing rides, food delivering services are just a few smart developments.

The idea of smart living might have galvanized the real estate market to go beyond the conventional. As a result, today, coliving has become the new buzzword. The millennials now have a fancy life, in a boutique hotel-like atmosphere surrounded by like-minded folks. Though this concept is still nascent in India, it has been gaining traction with millennials who are moving to developed cities like Mumbai or Pune.

Pune stands amongst the biggest centers of various industries and nestles various reputed colleges. All these reasons have seen Pune grow by leaps and bounds and has resulted in the demand for having better living spaces and work conditions. The coliving spaces in Pune and the co-working spaces in Pune have given the millennial ...
... a taste of the future and comfort of their level. Let us have a look at why this culture in increasing at an alarming rate amidst millennials.

Living with Comfort and Ease

If there were ever a survey and raking on ease of living, col living would always top the list. When it comes to the millennial generation moving from one to job to another or even a home to another occurs frequently and coliving makes the relocating process easy like no other. This is because the rented homes available for coliving are mostly ‘ready to move’ which means that it already is fully furnished with all the required living conditions. Just like coworking space in Pune, coliving spaces in Pune follow a plug-and-play model. It uses the latest technologies and saves time spent on chores as well.

The Monetary Benefits

A clearly visible benefit, everyone knows that buys a flat would be cost a fortune but renting one won’t. A study has estimated that millennials make over $5400 a year and their rental budget is 2-3 %. The primary reason for the reduced rental is the structural design of a home that hasn’t changed. Basically, the urban millennials only spend very little time in their home, hence the often renovations are seldom required. Coliving spaces in Pune have optimized the real estate and millennials can find a rental space matching to their needs in their preferred location. Also, as these coliving spaces some furnished and enabled with all the livelihood essentials there is no need to pay anything over the monthly rent or bills.

Community and Security

The best part of coliving spaces in Pune is that one shares his space with kindred folks. Here, they meet individuals pursuing different careers, same or different interests and soon a sense of belonging is developed. These mates become each other’s family ‘away from home’. A community of young minds is developed and over tea, they discuss life and even startup ideas.

While millennials see this as an opportunity their folks are worried about their safety and security of staying at a different city. But, coliving spaces in Pune put the security of the tenants first. With 24 hour security and surveillance, card entries, verifying backgrounds and even screening processes. Coliving spaces are a little more organized and transparent than other means of accommodation.