Shahid Balwa Founder DB Realty Ltd - Everything You Need To Know About Co-Living

The skylines of Mumbai are seeing taller buildings, flats and colonies are mushrooming in the city and an ever-increasing population is seeing a demand for more real estate properties. While the real estate sector is blooming under the influence of leaders such as Shahid Balwa, Founder, DB Realty Ltd, youngsters today are seeming to lean towards newer and more innovative options of living.

One such interesting set-up is co-living. Co-living is an accommodation setting wherein fully furnished homes are rented to a few people. These people coexist in a space without the restrictions that bind the more conventional hostel or paying guest type settings that are currently available for single people in urban areas. Co-living is an option that allows the residents to interact freely with the added benefit of privacy, mainly from otherwise intrusive landlords.

The idea is immensely popular amongst millennials, young professionals and students whose priorities and lifestyle choices are quite different from the previous generations. It is an emergent solution for young and unmarried youngsters living in cities, without their families. As much as this generation favours independence, it also acknowledges the need for social interaction and affiliation and so, this setting also provides for the same.

Thus, co-living provides for a more engaging and interesting lifestyle than the more inhibiting ways like paying guests and hostel environments that are overly imposing and come with a set of cumbersome rules. Going beyond the traditional lodging and boarding experience, co-living brings a more sophisticated outlook to the same with the opportunity to cohabit and bond with fellow tenants and providing the feeling of social support without the burden of restrictions.

It is a relief from the isolation and loneliness that comes with shifting to a different city and living amongst unknown people. Moreover, specific needs can be fulfilled for different people in this set-up. For example, tenants can choose between shared or private bedrooms while enjoying the convenience of common kitchens and areas for dining and recreation.

Cities with a large student population and employed youth such as Bengaluru, Pune, Mumbai and Delhi are currently seeing this idea being implemented widely. It won’t be long before this concept finds its way into smaller cities with similar demographics, due to the popularity that it is beginning to enjoy.

According to real estate industry leaders like Shahid Balwa, hotels are also stepping in to offer their expertise in terms of enhancing and organising this free and simple method of rental living. This will only streamline and open up newer avenues for the co-living concept and take it to newer heights.