Analyzing the factors affecting the location preference of co-living spaces: a case study of Bangalore”

Abstract

Co-living spaces have become a prominent trend in India, reflecting a change in societal attitudes and housing preferences. The younger generation's shifting lifestyle preferences and urbanization have increased the demand for flexible, community-focused living arrangements. This trend is particularly prevalent in urban locations across India, where high real estate costs and the need for affordable housing solutions have driven the popularity of co-living models. This thesis explores the assessment of co-living spaces, with a particular emphasis on location preferences and their ensuing effects on travel characteristics and affordability. This study's main goal is to gain a thorough understanding of the relationships between co-living space location preferences and the effects they have on urban living. The study progresses through multiple objectives. First, it seeks to acquire a comprehensive grasp of the current co-living space reality in the chosen study location. The study aims to determine the current state of co-living arrangements by carefully examining and finding significant patterns and trends. Additionally, the study aims to investigate how co-living spaces affect travel patterns. The study intends to clarify the intricate relationship between travel patterns, co-living choices, and the total density of the urban landscape by examining these dynamics. Determining the elements that are most important in influencing co-living spaces' location preferences is another important goal. By conducting a thorough examination, the study seeks to identify the factors that affect people's decisions when choosing co-living spaces, which will advance our understanding of the factors that influence these choices. Additionally, the study broadens its scope to examine the demand in the research sector for co-living places. The study aims to provide insights into the possible expansion and sustainability of co-living arrangements in the urban context by assessing societal demands and market demand.