Co-Living Spaces Are The Next Big Trend Among Working Millennial In Bengaluru

Zolo Stays, one of India’s largest providers of co-living accommodation, is trying to stand out in the Tavarkere din. There are at least 20 to 25 accommodation options on the road where Zolo Destiny, one of the firm’s units, is located. This five-floor building, a new unisex property, has 200 beds. Current occupancy is 50%. The average Zolo property has 160 beds and the smallest units have 50.

Across Delhi, Mumbai, Chennai, and Hyderabad and even in the education hub of Kota, such co-living ventures are taking root. For instance, Hyderabad, with some 400,000 new seats being built out in the outsourcing space, could easily evolve into India’s co-living hub. For students who arrive in a new city, these facilities are emerging as top options.

Co Live is spending time and money sprucing up its premises with modern furnishings, fitness and games rooms and has started rolling out facial recognition access to properties. By standardising these offerings and aggressively using technology, Co Live plans to have 100,000 beds operational in three years.