Daijiworld Media Network – New Delhi
New Delhi, May 8: India’s co-living market is poised for a major upswing, with the organised segment expected to scale up to nearly 1 million beds by 2030, according to a new report released by Colliers India on Thursday.
Currently estimated at around 3 lakh beds, the sector is witnessing a strong resurgence post-pandemic, driven by rising urban migration and the evolving housing needs of students and young professionals. The report highlights that leading co-living operators are expanding rapidly across Tier 1 cities and select Tier 2 hubs, buoyed by growing demand for flexible, affordable, and community-oriented living spaces.
“India’s co-living sector is entering a new phase of growth, underpinned by strong demographic fundamentals and a growing preference for flexible, community-centric living,” said Badal Yagnik, CEO of Colliers India.
He added that the influx of migrants to urban areas, especially those aged between 20 and 34 years, is creating a massive demand base. Of the estimated 5 crore urban migrants in this age group by 2025, about 66 lac are seen as potential co-living residents, reflecting significant room for expansion.
The report also noted that the co-living sector, which offers a managed and hassle-free housing model, stands to benefit from changing lifestyles, rising disposable incomes, and a rising preference for ready-to-move-in accommodations.
Penetration in the co-living segment currently stands at around 5 per cent. However, this is projected to more than double to over 10 per cent by the end of the decade, in tandem with a growing appetite for organised housing solutions.
Rental affordability is another key driver, with single-occupancy co-living beds offering up to 35 per cent savings compared to conventional 1 BHK units in major cities as of April 2025.
With the sector’s inherent potential and robust investor interest, the coming years could witness heightened activity in the co-living space, transforming the urban rental housing landscape in India.