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The co-living market in India is expected to see a growth in 2022. This growth is driven by the re-opening of offices and colleges in a phased manner along with vaccination. Though the pandemic marred the growth of the co-living sector in India 2020, it has already witnessed recovery this year and is looking more optimistic. Makreo Research And Consulting Firm, one of the best market research company in India, published a detailed research report on Indiau2019s Co-living market and future outlook.
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India Co-living Space Market Performance and Future Outlook To 2025-An Impact Assessment of COVID-19 Makreo Research And Consulting Firm
Report Summary The Co-living market in India has witnessed a sharp decline after the virus outbreak however the sector has recovered greatly and is looking more optimistic since the infection rate has decreased and restrictions have been eased. The rate of vaccination is one of the most important factors in the recovery, as more than 70% of the adult population has been fully vaccinated so far, and over 93% of the adult population has received at least one dose. The unemployment rate, on the other hand, fell to 7% in November 2021 from 11.84% in May 2021. India co-living market size has crosses USD 200 Million in 2021 and expected to grow at double digit rate in coming years.
Factors Impact of COVID-19: In 2020, the Co-living Market witnessed a negative growth due to the implication of lockdown but the market witnessed a gradual recovery during the end of 2020. Between December 2020 and March 2021, the Indian co-living market occupancy rate increased to 45-50% and 60-70% in Q4 2021. Active Involvement of Real Estate Developers: Purchasing properties and then keeping it vacant for a long period of time was traditionally a standard practice among real estate market players. As a result, real estate prices have risen over the years, making housing unaffordable for people and forcing them to settle for substandard housing. Emerging Model of Senior Housing: With a rise in demand for retirement homes, which is expected to rise exponentially in the next three decades due to a rise in the ageing population of the country, Senior Living Housing will likely become an important residential asset class.
The co-living market report helps reader to gain information on following areas: How India’s Co-living market has performed during pre-covid scenario and what is the current state of the co-living industry in India? India co-living market size has been assessed. What is the role of students in Co-living market in India and what is the gap in the market for student accommodation? What all major factors are driving industry demand and how the Co-living market in India is shaping up? What was the impact of COVID-19 over the Co-living market in India? How Indian economy is performing after the virus outburst? What all challenges present in the Co-living segment in India? What is the expected future of Co-living market in India?
Scope Of The Study The following synopsis is based on the report "India Co-living Market- COVID-19 Impact and Outlook to 2027" published by Makreo Research and Consulting firm, Pune. The co-living market report delves deeply into various parameters such as India co-living market size, segmentation, value chain analysis, and industry cause and effect analysis. The study includes market dynamics that provide an understanding of industry opportunities, driving forces, major challenges impeding growth, and an analysis of future opportunities in Co-living India that may help market players capitalise on untapped business potential in the specific geography. Full Report: https://www.makreo.com/report/india-co-living-space-market-performance-and-future-outlook-to-2025
