Banglore has long been called the Silicon Valley of India. It has the maximum number of software companies in India, for a single city. Correspondingly, corporates from all across India frequently switch bases to Bangalore for better job pursuits. At times, they are hired by top multinationals and then go and start living in Bangalore.
Not all of these corporates bring their wives and families with them. A few of them are unmarried and have just begun to work. A few may even be freshers from college who got their appointment letter via a campus placement drive.
It becomes easy to see that a single person will not require much room to live comfortably. So, since not much room is required, such single people happily seek and settle for co-living arrangements. A co-living arrangement may be defined as an arrangement where one puts up with other single people in the same house or apartment. This facility has some common areas, but your bedroom can provide some privacy if you have one for yourself.
However, many people in a co-living arrangement are willing to share their bedroom with one or two people. Since they share their bedroom, they share the rent as well, which makes it easier to manage expenses. The rent becomes easier on the pocket.
While working corporates stand to tremendously benefit from a co-living arrangement, so can students. Bangalore has a large number of colleges for different specializations in arts, commerce, and science. While students from nearby towns come to Bangalore to study, Banglore, characteristically, is an important education hub for students from all around the country.
Students seldom prefer to live alone because co-living arrangements let them save a decent amount of money and they also get to enjoy the company of their peers. A few of the co-living arrangements are focused on students and a few on corporate workers while others are more basic. Both, students and corporate workers reside here.
One could come across basic alternatives for co-living arrangements in Bangalore which would be reasonably affordable. However, luxury alternatives for co-living arrangements are also available which come with several amenities within the apartment or the housing society.
At times, meals are a part of arrangements at these co-living arrangements. At other times, the residents are required to cook their own meals. One could easily figure out both alternatives and choose the one that works for him, based on his discretion. Similarly, oftentimes, the facilities provided in the vicinity of the housing society or the hostel help the residents define whether or not they would want to reside there.
Overall, one should perceive a co-living arrangement as sharing a home with others. This provides more breathing space for one as compared to renting a studio apartment. Similarly, just as one shares rent in a co-living arrangement, one shares the security deposit as well, making a co-living arrangement a medium of all-around savings. There are even cases when one has the liberty of doing away with the brokerage for living at a co-living arrangement. At other times, the brokerage is reasonably lower as compared to any arrangement for residing individually.
