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With the worst of the pandemic seemingly out of sight and with social activities finding footing, students and young professionals are migrating back to metro cities again.
While that might mean lesser vacancy at park benches, it also means that the days of co-living and student housing are making a comeback.
The Backstory
Student Housing and Co-Living shot to limelight over the last few years as generations Y and Z embraced the shared economy and commerce concepts.This warm hug gave rise to several co-living operators like Zolo Stays, OYO Life, NestAway, Hoolive, Stanza Living, Olive Living, and others.
However, once the lockdowns began, co-living operators were left with beer bottle openers in each hand, with no beer around. As offices and educational institutions shuttered down, the entire user base of the co living and student housing system reached a sum total of 0.
Current Day
Presently, big hiring by healthcare and IT companies and most organizations recalling their employees back to the office, are the other tailwinds for co living.
Future?
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