Mumbai stands at 5th position in Co-living index in Asia Pacific region according to a report recently released by Knight Frank, an international real estate consultancy firm.
The city is behind Beijing, Tokyo, Shanghai and Hong Kong while ahead of cities like Bangkok, Seoul and Singapore.
The report titled "Insights on Co-living – An Asia-Pacific Perspective" was released on Monday that tracks markets' possibility of success as a co-living destination.
"In India, the co-living concept is gaining widespread acceptance and has brought to the forefront, some new models in the private rental sector.
With a vast globalised workforce and lack of affordable housing, co-living has become an ideal choice to many millennials," said Shishir Baijal, Chairman & MD, Knight Frank India.
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