DECEMBER 20194siliconindiasiliconindiaThe concept of a shared economy is creating a larger impact on our lives than what was initially imagined. It is bringing about radical changes in the way we work and live. In the real estate sector, especially, sharing has become the buzzword. The idea is manifesting itself in various ways, with co-working and co-living being its two primary examples. The residential sector is witnessing the concept of space optimization to reduce costs and achieve greater productivity and the co-living concept is now an emerging asset class within the ambit of alternative real estate, offering a sustainable solution to the urban space crunch. It combines private living spaces with shared communal facilities. The idea is to create an environment that not only provides privacy, but also promotes social contact. There is an emphasis on social exchange; flexibility and affordability that makes it stand apart.India is becoming the trailblazer of co-living with several new players looking to grab a share of this looming opportunity. A growing millennial workforce, fast evolving consumer trends and an untapped demand potential in the market are real draw cards for start-ups and developers looking to enter the market. Co-living startups also have enormous potential. With rising rentals and a perpetual shortage of good accommodation, it is expected to emerge as a strong alternative for the young population. In our current edition, we have featured a list of "10 Best Co Living Startups". The list consists of startups that offer everyone from the working professional to the digital nomad a new way to live an exciting and freedom-filled, yet budget-friendly, life focused on community and creativity. Nearly 600 million people in India are under 25. With rapid urbanization and a larger number of people moving to metros and bigger cities for jobs and economic prosperity, the future of co-living startups seems quite bright!Do let us know your thoughts!Nandini MukherjeeManaging EditorThe new wave of Co-living Startups EDITOR'S NOTE Vol 05 · Issue 9 - 5 · December - 2019 Publisher Alok Chaturvedi Managing Editor Nandini Mukherjee Editorial Team Aparna Roy Monica Pallavi J Riya Sethi Sales & Marketing Garima Anand Tapas Ranjan Mallick Editorial Queries editor@startupcity.com To subscribe Visit www.startupcity.com/subscribe Cover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2019 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran PerumalVisualisers Vimalraj Siva ShankarGM Sales & Marketing Virupakshi Pattar
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