India has warmed up to the idea of co-working spaces, which have attracted significant investment in the past few years. Developers: Large space being taken up by co-working players and initial investment through the build to suit and forward sale routes have made developing and leasing properties for co-working spaces attractive. Occupiers: Flexible space for small and growing businesses has been one of the key reasons that co-working spaces have become attractive for many. An opportunity exists for developers to build apartments/houses specifically for co-living spaces keeping in mind students/young working professionals and a highly migrating population. Millennials would pay a premium for a community-based co-living model that not only allows flexibility to move across locations but also offers value-added services at the click of a button.

Source: Mint April 02, 2019 21:22 UTC