Shared economy, also known as collaborative economy, refers to a socio-economic system where individuals and businesses share resources, assets, and services with one another.
- Peer-to-peer transactions
- Utilization of underutilized resources
- Access over ownership
- Technology-enabled platforms
- Flexibility and convenience
Coliving is a modern housing concept that involves shared living spaces where individuals or groups of people live together in a community-like environment.
Coliving is part of the shared economy, which is based on the idea of sharing resources and assets to maximize efficiency and affordability.
GetSetHome is one such coliving community which provides shared rentals and accommodations for students and working professionals in major cities including Mumbai and Pune.
Benefits of shared Economy
1. Economic: Sharing space and services can diminish individual costs and make houses more affordable.
2. Environmental: Sharing common spaces like gardens or saving space by having shared dining rooms increases the role of sustainable homes.
Benefits of Shared Economy & Coliving
Cost Savings : Shared expenses such as rent, utilities, and household supplies can significantly reduce individual costs.
Community Building : Residents have the opportunity to connect with like-minded individuals and build meaningful relationships.
Access to Amenities : Residents can enjoy amenities such as gyms, kitchens and co-working spaces without the need for individual ownership or maintenance.
Challenges and Risks in Coliving
Privacy Concerns: Privacy can be a concern in coliving spaces, as residents share common areas and sometimes bedrooms. It is important to strike a balance between communal living & individual privacy.
Conflicts Among Residents: Living in close quarters with other individuals can lead to conflicts and disagreements. Effective communication and conflict resolution strategies are crucial to maintain a harmonious living environment.
Regulatory Issues: Coliving often faces regulatory challenges, as it may not fit into traditional housing regulations. Working with local authorities is necessary to ensure compliance with relevant regulations.
Future Trends in Shared Economy and Coliving
1. Technological Advancements
The shared economy and coliving are expected to benefit from technological advancements such as smart home automation, IoT devices, and AI-powered systems.
These advancements will enhance the convenience, security, and efficiency of coliving spaces, providing residents with a seamless living experience.
2. Sustainability Initiatives
As environmental consciousness grows, sustainability initiatives will play a significant role in the future of the shared economy and coliving.
Coliving spaces will prioritize energy-efficient designs, renewable energy sources, and waste reduction strategies to minimize their ecological footprint.
2. Shared economy, also
known as collaborative
economy, refers to a socio-
economic system where
individuals and businesses
share resources, assets,
and services with one
another
02
U N D E R S T A N D I N G S H A R E D E C O N O M Y
3. K E Y C H A R A C T E R I S T I C S
Peer-to-peer transactions
Utilization of underutilized
resources
Access over ownership
Technology-enabled
platforms
Flexibility and convenience
03
4. I N T R O D U C T I O N T O C O L I V I N G 04
Coliving is a modern housing
concept that involves shared
living spaces where individuals
or groups of people live
together in a community-like
environment
5. 05
SHARED ECONOMY AND COLIVING
Coliving is part of the shared
economy, which is based on the
idea of sharing resources and
assets to maximize efficiency
and affordability
6. W H A T ' S Y O U R I N F O G R A P H I C T I T L E ?
Here, you can add a brief line explaining your data.
06
BENEFITS OF SHARED ECONOMY
Environmental
Sharing common
spaces like gardens
or saving space by
having shared dining
rooms increases the
role of sustainable
homes
Economic
Sharing space
and services can
diminish
individual costs
and make houses
more affordable
7. B E N E F I T S O F S H A R E D E C O N O M Y : C O L I V I N G
COST
SAVINGS
Shared expenses
such as rent,
utilities, and
household supplies
can significantly
reduce individual
costs
COMMUNITY
BUILDING
Residents have the
opportunity to
connect with like-
minded individuals
and build
meaningful
relationships
ACCESS TO
AMENITIES
Residents can enjoy
amenities such as
gyms, kitchens and
co-working spaces
without the need for
individual ownership
or maintenance
07
8. C H A L L E N G E S A N D R I S K S I N C O L I V I N G
Privacy can be a concern
in coliving spaces, as
residents share common
areas and sometimes
bedrooms
It is important to strike a
balance between
communal living &
individual privacy
Living in close quarters with
other individuals can lead to
conflicts and disagreements
Effective communication
and conflict resolution
strategies are crucial to
maintain a harmonious living
environment
08
PRIVACY CONCERNS
CONFLICTS AMONG RESIDENTS
Coliving often faces
regulatory challenges, as it
may not fit into traditional
housing regulations
Working with local
authorities is necessary to
ensure compliance with
relevant regulations
REGULATORY ISSUES
9. F U T U R E T R E N D S I N S H A R E D
E C O N O M Y A N D C O L I V I N G
Technological Advancements
The shared economy and coliving are expected to benefit from
technological advancements such as smart home automation, IoT
devices, and AI-powered systems
These advancements will enhance the convenience, security, and
efficiency of coliving spaces, providing residents with a seamless
living experience
09
10. F U T U R E T R E N D S I N S H A R E D
E C O N O M Y A N D C O L I V I N G
09
Sustainability Initiatives
As environmental consciousness grows, sustainability initiatives
will play a significant role in the future of the shared economy and
coliving
Coliving spaces will prioritize energy-efficient designs, renewable
energy sources, and waste reduction strategies to minimize their
ecological footprint