Moving away from the hometowns to settle in big cities can be difficult. On top of that finding a good place to stay can be quite a daunting task. With limited facilities in college and university hostels, there is a need for budget accommodation within the vicinity. Also, the nightmare of dealing with a landlord after shelling out a fortune for an apartment can be intimidating.
But quality accommodation and housing segment for students as well as professionals is being explored widely in the metro cities. The trend that is catching on the millennials is - Co-living spaces. It allows youngsters not only to share residences with like-minded tenants but also offers amenities like Wi-Fi, furniture, furnishings and appliances without burning a hole in the pocket.
List of Top Co-living Startups in India
Founded in January 2015, NestAway was the first to tap in the then unstructured and fragmented space of shared housing rentals. It offers shared rooms, private rooms as well as full houses both non-furnished/furnished for affordable prices and zero brokerage. You can read more about nestaway here.
The Delhi-based housing platform aims to provide a professionally managed accommodation and co-living residences to both boys and girls. 24/7 open kitchen to common lounges with TV to foosball to fun-filled weekend activities, stanza living has definitely made living away from home easier. Also, they provide discounts and offers at various restaurants through Stanza Social.
One of the country’s first co-living spaces was founded in late 2015, its offers fully furnished accommodation on a sharing and individual basis with amenities such as hot food, wifi, laundry services, 24/7 security, along with access to common spaces such as lounges, games and reading rooms and special events such as poker nights. All this without any security deposit, brokerage or furnishing costs.
Founded in 2016, YourSpace offers 1,200 beds in 11 hostels across India and charges between Rs 12,000 and Rs 25,000 per bed on a monthly basis, depending on the city and location. It currently operates in New Delhi, Mumbai, Chandigarh, Jalandhar, Pune, Noida and Greater Noida. YourSpace provides safety, security, air conditioning, WiFi, furniture and bedding, medical aid, gym facilities, walk-in closets, and personal washroom.
Bengaluru-based zolo promises a hassle free co-living. Their facilities include fully furnished rooms, hygienic and healthy food, daily housekeeping, internet facilities, security etc. The cost of the bed comes to an average of Rs 6,000 to Rs 8,000 per month for twin-sharing rooms.
Founded in 2016 by Viral Chhajer, Varun Bhalla and Devashish Dalmiya, Bengaluru-based StayAdobe claims to have over 300 beds across five properties in South Bangalore with monthly rents ranging from Rs 12,500 to 35,000, depending on the type of property. A three-month deposit is payable by the tenant which is significantly lower than the usual norm in the city of 10- month deposit.
SimplyGuest is a platform accommodation catering to working professionals which offers fully furnished 1 bhk, 2 bhk, 3 bhk flat on an individual or sharing basis, without brokerage and only two months deposit. The facilities provided by this platform include- a rent that comprises of electricity, water, 30-100 mbps WiFi, DTH, domestic help, repairs and maintenance, and unlimited LPG.
Noida-based housing platform offers fully furnished private and shared accommodation for students with comfortable and affordable living solutions ranging from basic budget to high-end luxury accommodation with pool/table tennis, playstation, book exchange counters and other facilities.