Co-living is Winning Tenants and Landlords Over From Traditional Leasing Model, Says JLL report

/ -- India leads in Asia Pacific region in terms of development and investments potential
Alternative living arrangement gains popularity in Asia Pacific including India, thanks to convenience and cost efficiencies
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"Co-living bridges a housing gap that traditional living categories do not support," explains Vijay Rajagopalan, Head - Alternatives Business, JLL India. "Since co-living spaces are fully furnished with cleaning and maintenance services, tenants only need to deal with one operator instead of paying for deposits, utilities, furniture, and agent fees."
"The co-living business model varies significantly due to lease structures and ownership models," he adds. "Many co-living operators are asset light, so they work from a profit-sharing lease or management agreement, while others prefer fixed market-based leases where they can guarantee landlords a fixed income over a longer period. Due to the ability to scale operations, co-living operators can potentially provide higher incomes to property owners and deliver efficiencies around cleaning, furniture and utilities."

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