Neha moved to Gurgaon a year ago. She was twenty-two years old and had recently graduated from Delhi University with a degree in Commerce. Having applied for management jobs in many startups; she couldn’t wait to start her “single, independent girl life.”

A lottery ticket arrived for her, in the form of a paid internship.  

She started her new job at her office at Stirring Minds, Gurgaon, a co-working space by Kowrk where she met new brilliant minds everyday, and enjoyed working thoroughly.

Next – she needed a place to live. She accompanied brokers around many a properties in dingy areas with exorbidant pricing, now starting to feel blue about her future.

“I knew I had to live somewhere near my place of work,” she said. Unfamiliar about the neighborhood, but determined to not compromise on her lifestyle, she stumbled about CoHo, where she found a tastefully furnished home to her liking, amenities for her comfort and suiting her budget and location, and more importantly – feeling a sense of belonging.

Neha now has a kickass job, where she works diligently, morning to evening and comes back home to a made bed. Even while at work, she manages her home on the CoHo Resident’s App.

Now, that is a good life.

***

“Millenials are a creator of this new Economy.”

In a matter of less than a decade, the Sharing Economy has redefined physical space as a highly lucrative part of the service industry. It is now a $50 billion industry. Functioning on the “what’s mine is yours” principle, sharing allows one to experience the benefits of a commodity without owning it.

With the changing scenario of  mobile working, declining housing affordability and yet a widespread desire to live well and centered within city vicinity, co-working spaces and co-living models are the future.

CoHo is a tech start-up whose aim is to provide superior living experience to millennials in India. They offer fully furnished comfortable homes to live with a community of like-minded people.  This new concept is aimed towards providing hassle free living experience for young professionals.

Kowrk is a platform that enables the future of work by connecting users with co-working spaces, business centres and other providers of shared offices.

Abandoning long-term leases for month-to-month arrangements, for youngsters who can’t afford swanky offices, and yet don’t want to spend their time in basements or garages – co-working spaces offer the benefit of an inspiring environment to make connections and be part of a community to share ideas and transfer ideas.”

Short-term contracts are best suited for young graduates and professionals who frequently change location or can’t afford to buy their own homes. As an increasing number of 25 to 34-year-olds are living with roommates and staying single for longer than previous generations, mobility becomes the deciding factor in choosing suitable housing arrangements.

Co-working and co-living spaces are the most dominant types of the space as a service concept. It has proven to be a transformative force, drastically changing the residential and commercial real estate industry. Are you ready to be a part of this journey?