Co-living industry: - Next multibillion dollar industry

Co-living industry is being touted as the next big thing in terms of revenue generation in India. But does it really have those kind of legs to go that far and achieve this goal? We need not go far to look for examples, in India in last 5 years the no of property management companies have risen by 500%. This stat represents the serious untapped potential in this market. These companies will never go out of business as long as there are people who want to live in managed accommodation and avoid the hassle of relocating to the new city.Most of the projected demand in this industry comes from students and single working professionals. According to a report by Colive 45% of people relocate to new cities for education and jobs. Without any real support system of friends and family it is difficult to survive in any environment.