The shift towards coliving in Hyderabad as work from home ends
Authored by : Settl. I 24 May 2024 I 15 min
As the era of remote work draws to a close for many professionals, a new trend is emerging in Hyderabad's real estate landscape: co-living spaces. Returning to office-based work, individuals seek alternative housing solutions like pg accommodation in Hyderabad that provides a comfortable living environment and fosters community and connection. This blog explores the growing popularity of coliving in Hyderabad and its appeal to modern-day urban dwellers.
The Appeal of Co-Living:
Co-living offers a unique blend of convenience, affordability, and social interaction, making it an attractive option for individuals transitioning from remote work to office-based environments. With fully furnished accommodations and shared amenities such as kitchens, common areas, and recreational facilities, luxury pg in Hyderabad provide a hassle-free living experience without the burden of setting up and maintaining a traditional household.
Moreover, co-living fosters camaraderie and collaboration among residents, many young professionals, entrepreneurs, and freelancers. In a city like Hyderabad, known for its vibrant culture and diverse population, co-living spaces serve as hubs for networking, skill-sharing, and socializing, creating a supportive ecosystem where individuals can thrive personally and professionally.
Hyderabad's Rental Market Flourishes
The rental market in Hyderabad has experienced a surge, particularly with the return of tech professionals who had temporarily relocated to their hometowns during the COVID outbreak and subsequent remote work arrangements. Many of these professionals prefer to reside near IT/ITES hubs, primarily in Hyderabad's western and northern parts.
Despite the popularity of co-living spaces, many individuals in Hyderabad still need to seek traditional rental options such as rented rooms, PGs, and hostels.
The Cost of Coliving in Hyderabad
In response to the growing demand for co-living spaces, Settl. offers semi-furnished or fully-furnished accommodations ranging from Rs. 10,000 to 15,000 per month per person. Situated in well-connected areas with efficient transportation networks, we have attracted approximately 90 percent occupancy from working professionals. Coliving in Hyderabad caters to various budgets and lifestyles, from upscale communities with premium amenities to budget-friendly shared accommodations. These spaces are strategically located in prime neighborhoods close to major commercial hubs, educational institutions, and transportation hubs, ensuring convenience and accessibility for residents.
Settl. Amalfi
Location: Madhapur, Near Raheja Mindspace
Settl. Amalfi, nestled in the bustling neighborhood of Madhapur, offers a prime location near the prestigious Raheja Mindspace. This PG accommodation is strategically situated to provide easy access to one of Hyderabad's major IT and corporate hubs, making it an ideal choice for working professionals and students alike.
Accessibility:
The proximity to Raheja Mindspace adds to Settl. Amalfi's accessibility makes it a preferred choice for professionals working in the IT and corporate sectors. With easy access to public transportation and essential amenities such as restaurants, cafes, and shopping centers, residents can enjoy a well-rounded living experience in this dynamic neighborhood.
Settl. Clare
Location: Madhapur, Near BSporty - Sports & Fitness Center
Settl. Clare, located in the vibrant neighborhood of Madhapur, offers residents a prime location near BSporty - Sports & Fitness Center. Situated amidst Madhapur's bustling commercial and residential hub, Settl. Clare accommodation provides easy access to both work and leisure amenities, making it an ideal choice for young professionals and students seeking a balanced lifestyle.
Accessibility:
The proximity to BSporty - Sports & Fitness Center adds to Settl's accessibility. Clare, making it an attractive option for fitness enthusiasts and sports lovers. With easy access to public transportation and nearby amenities such as restaurants, cafes, and shopping centers, residents can enjoy a well-rounded living experience in this vibrant neighborhood.
Settl. Azore
Location: Gachibowli, Near Gachibowli Flyover
Settl. Azore, situated in the thriving locality of Gachibowli, offers residents a prime location near the prominent Gachibowli Flyover. Surrounded by major IT companies, educational institutions, and recreational facilities, Settl. Azore provides an ideal living environment for professionals, students, and individuals seeking a dynamic lifestyle.
Accessibility:
The proximity to the Gachibowli Flyover adds to Settl. Azore's accessibility makes it an ideal choice for professionals working in the IT and corporate sectors. With easy access to public transportation and nearby amenities such as restaurants, cafes, and shopping centers, residents can enjoy a well-rounded living experience in this dynamic neighborhood.
The Future of Co-Living:
As co-living continues gaining traction in Hyderabad and beyond, the future looks promising for this innovative housing model. With advancements in technology and design, co-living spaces are evolving to meet the evolving needs of urban dwellers, offering enhanced amenities, digital connectivity, and personalized services.
Moreover, the COVID-19 pandemic has highlighted the importance of community and social connection, further fueling the demand for co-living spaces where individuals can live, work, and socialize in a safe and supportive environment. As Hyderabad embraces the shift towards co-living, we can expect to see continued growth and innovation in this dynamic sector, reshaping the way we live and interact in urban environments.
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