Coliving
Coliving
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Speculating on the Future
Speculating on the Future
The 'Natural' Future
The 'Natural' Future
- Targeting different age, income groups and different types of property could help scale up revenue. For a sustainable future, the coliving makret needs to be provide housing options for the milinial population as they continue to age and their preferences change.
- The growth of the education sector has created a large scale migration of students. However, the educational institutions have only been able to support housing for 20% student population. There is an 80% deficit of housing that needs to be supplied off-campus all over India(KPMG, 2019). The co-living operators can offer master leases to Universities who in turn lease to students.
- In addition, coliving for families and seniors is another potential market. The current millennial population will eventual age and their requirements will change as the have families or become senior citizens. Exploring coliving for families with larger unit size but shared facilities like daycare or kitchen could be a potential market in the future. Similarly retirement home could be re-imagined as coliving for seniors.
- Green buildings are becoming the new norm and business models can explore the interaction between sustainability and coliving. The new by-product could be branded as sustainable coliving.
Rethinking Built Infrastructure
Rethinking Built Infrastructure
Coliving as a solution to the housing deficit?
- The Urban population of India grew by 90 million between 2001 and 2011. The period also witnessed the development of two of the worlds’ largest megacities – Delhi and Mumbai. With a population of 25 million the capital city Delhi emerged as the second largest mega city in the world and Mumbai finished as the sixth most populous city globally with a population of 21 million in 2014.
- In 2012, the national agency - The Ministry of Housing and Urban poverty Alleviation (MoHUPA) estimated the housing shortage in urban areas at an alarming 18.78 million!! In the same market there is a national vacancy rate of 10%.
- Can vacant properties be converted into coliving units?
We live in a digital and advanced tech world and most day to day activities can be completed with out phones. We can shop online (groceries, furniture, cars), we can bank online, plan travel online...the list in never ending. The only thing we cannot do online is live online! And ironically almost the entire world is undergoing a housing crisis. How can we repurpose exiting built infrastructure into housing? Can Ikea be converted into a coliving? Can abandoned warehouses be renovated into coliving spaces?
Example: Abandoned Malls - new coliving venues?
In this digital world, one trend that has caught up in almost every part of the world in online shopping. What happens if malls become irrelevant? What happens to the mall infrastructure? Can abandoned malls be re-purposed as coliving units?
One stop shop: "Mini Living" - Colive, Cowork, Communal Spaces
One stop shop: "Mini Living" - Colive, Cowork, Communal Spaces
- With the shared real estate model the line between public and private - home and work is becoming blurred.
- With sustainability becoming a dominant goal for most communities will combining spaces reduce our footprint?
- Co-living spaces are also blurring the distinction between hotels and apartment buildings.
- Can various day to day spatial uses be combines into one?
Coliving and COVID - Boon or Bain?
Coliving and COVID - Boon or Bain?
In the event of a pandemic like one we are in right now - is co-living a recipe for disaster? or can coliving spaces
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