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Being the national capital of India

Beijing, Tokyo, Shanghai and Hong Kong occupy the top four slots. The rise in deal flow is a key indicator of the quality of job opportunities which are being created in the financial hub and a ready demographic pool which the co living operators can cater to, given the omnipresent shortage of quality rental housing dwellings near employment hubs, the report said.Despite a relatively higher housing affordability than Mumbai, the general population and human development index in New Delhi is much higher than that of Mumbai, making it an apt choice for co living operators to expand in as this is a key demand driver. Being the national capital of India, New Delhi attracts both the internal and external migration of capital and people, which bodes well for co living sector’s expansion going forward.Being a prime technological hub, Bengaluru not only has access to talent but also a conducive and self sustaining business environment and a vibrant start up ecosystem supporting the gig economy due to which the city features at 19th position on the said index where the co living sector can thrive.Co living operators in India, having recognized Bengaluru’s relevance to attract digital nomads early on, are continually augmenting capacities in their co living communities and are also expanding in suburban and peripheral locations to cater to the burgeoning demand from this growing talent pool, the report said.”In India, the co living concept is gaining widespread acceptance and has brought to the forefront some new models in the private rental sector.

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