Key highlights:

  • 62 per cent of the colivers prefer hybrid living as office space, and 86 per cent of the occupants are young employees
  • 30 per cent believe it offers affordable luxury, while 25 per cent prefer coliving as it provides convenient services
  • 43 per cent choose coliving properties due to the location, and only 13 per cent are interested in the community engagements

Colive, India’s leading prop-tech platform for rental accommodation, released a report covering data and insights about the coliving trends based on a survey conducted with over 250 people in the age group 19-29 living in Colive properties. The report covers the sentiments of the coliving customers based on parameters like preference, occupancy pattern, and why they choose coliving.

With offices and colleges reopening, Colive has been witnessing 8 per cent week-on-week growth. The survey projects that 86 per cent of the occupants are young employees. The pandemic has influenced the hybrid living culture, which is now one of the most preferred accommodation types as it offers the convenience of working. According to the survey, 63 per cent of the colivers prefer hybrid living as office space, while only 22 per cent want to go back to offices and 13 per cent prefer working from home.

Suresh Rangarajan, Founder and CEO, Colive, said, “COVID-19 changed the way people work not just during the pandemic but in a long-term sense. The world is embracing a hybrid work style where employees work 1-3 days in the office and the rest of the time from their homes. Homes must be geared up to be a productive place for working. The new trends emerging in coliving relate to millennials now looking for work desks in their rooms and co-working spaces in their buildings to attend meetings, enjoying high-speed internet and uninterrupted power in their coliving facilities to ensure a productive work environment. The blurring line between work and living is the latest trend in coliving!”

Colive is a technology-based rental management company that offers serviced, long-stay living homes for students, young working professionals and young couples in Bengaluru, Chennai, Hyderabad and Pune.