Co-Life by Asset Sense is conceptualized keeping in mind the increasing demand of Co-Living Spaces. Formally started in 2017, co-living has come a long way in a short period of time. Many institutional investments has come into this space due to the high Return on Investment that it guarantees. Getting a 6-8% return from a Residential Property has been largely unheard of till recent times. Residential property can only get you 2-2.5% ROI. Only a commercial property can give that kind of return. But then the downside of investing in commercial property is that there is very less scope of capital appreciation and secondly, there is a fear of not leasing out the property in time and neutralizing the return by paying maintenance of the vacant office space. The cultural shift After Co-Working, Co-living is the hot topic to be discussed, as co living could be the future of housing for India’s millennial workforce. A lot of millennials are checking into the co-living spaces. So there is a huge demand for housing setups like this, it became popular among young people in the age group of 20-30 years in India. The main driving force for this is: - People stay single for a long time, average marriage age in metropolitan cities in India has gone up from 21 yrs to 28 yrs since the year 2000 Millenials want more flexibility in their job Millenials spend almost 50% of their income on rentals in metropolitan cities By opting for coliving you move up in the lifestyle ladder, once you move up you do not want to come down There will be 1 billion digital nomads (or remote workers) by 2035. Only coliving can solve the housing issue for these digital nomads Increase in avg rentals is more as compared to avg wages in the past 10 yrs. Therefore it makes far more economical sense to stay in a co-living rather than in a studio or a 1 BHK accommodation