It's simply the sharing of living spaces. A co-housing community is defined as an international community of private homes clustered around shared spaces. It's a common practice especially among bachelors, either students or working individuals, who rent a space and split the expenses amongst themselves. This is exactly the same model we are looking at,albeit on a much large scale with better offerings. We are looking to offer tenants to the purchasers through our property management wing who will ensure the best possible ROI from 5,000 co-housing spaces at Emprasa.
It is a new style of working involving the sharing of common spaces and resources like wi-fi, printers, coffee machines, etc. The concept of co-working is on the rise, especially among young entrepreneurs who don't have the capital to rent an office space, consultants and freelancers who prefer working in isolation but away from the distractions of home. Co-working is a growing culture that fosters "chance encounters" and "cretive proximity", with more and more people starting to value the synergy of working alongside others with varying professions.
A planned Startup City near established industries & with world class connectivity, NEO Bangalore upholds the notion of developing a New Bangalore with a futuristic vision of a metropolis.