Press release
Impact Of Covid-19 On Indian Co-Living Market
Impact of Covid-19 on future bed addition
Key Take-Aways
• Co-living Industry in India to see a reduction of 150,000 beds (vs. pre-covid projections) in FY 25, due to COVID & changing trends
• Reduction in Occupancy, Migrant population in most cities have gone back to their native, increasing acceptance of work from home, were critical trends that were being observed.
• In a post covid scenario, there is an anticipated increase in the number of single rooms. This in a pre-covid scenario accounted to only 20% of all the beds available
• There has been an average, 43.5% drop in the occupancy levels
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