ZOLO hosts the first Co-Living Convene 2020 in Chennai

• The Present & Future of Co-Living

Chennai, 5 March 2020: The first edition of "Co-living Convene was hosted by Zolo, the largest co-living brand and category leader in the country, in the city today. The event saw a large gathering of builders, architects, property Owners, international property consultants and real estate agents from the city. The dignitaries networked and discussed the future of living in the city which focused on co-living a form of housing that combines private living space with shared communal facilities.

The focus of the event was a lively panel discussion on the present and future of co-living'. Mr. Ajit Kumar Chordia, MD - Olympia Group; Mr. Ranjeeth Rathod, MD - DRA Group; Mr. Jaggannathan, MD -Ramaniyam; Mr. Mehul Doshi , Director Doshi Housing; Mr. K.Shivashankar, Principle Architect Eskay Design; Dr. Nikhil Sikri ,Co-founder and CEO - Zolo and Ms. Eskay Design made up the esteemed panel. Mr. Sanjay Chugh, City Head & Senior VP - Anarock moderated the discussion.

(L to R) Jagannathan, MD, Ramaniyam; Sanjay Chough, City Head & Senior VP, Anarock (Moderator of the panel discussion); Nikhil Sikri, CEO & Co-Founder, Zolo; Ajit Kumar Chordia, MD - Olympia Group; Ranjeeth Rathod, MD - DRA Group; Mehul Doshi, Director Doshi Housing; Mr. K.Shivashankar, Principle Architect Eskay Design

Mridula Shivashankar, Architect Commenting on the agreement, Nikhil Sikri, CEO & Co-Founder, Zolo said,"Our cities are growing at a much faster pace than the last decade and will continue to expand. With more and more people flocking to the cities the need for living spaces will become more severe while the living spaces themselves become smaller. Yet, according to industry estimates, thousands of housing units are unsold and lie vacant across several cities in India. This could be attributed to three big reasons which include a societal shift among the consumers who no longer have ownership as priority, mistrust that owners have of tenants and lack of innovation on the builders' part. This deadlock can be resolved by reinventing the business model."

He further added, "Co-living is one of the most viable and sustainable ways of living that we can create for the coming future. Add to that, reports state that the co-living market size across India's top 30 cities is expected to grow more than double by 2025 to $13.92 billion from current $ 6.67 billion. It is essential that all relevant parties get together now to discuss and find a way to make sure that we re-invent living for the modern consumer and cater to their needs. The session today Was to start a discussion on the same and the response today was very encouraging."

The ZOLO Co-living Convene was a first in a series to start a positive dialogue between all stakeholders in the housing community on creating a new ecosystem for living 2.0.Zolo currently works with over 500+ builders and owners to create sustainable and affordable living solutions for students and working professionals across multiple cities in the country.

About Zolo: Founded in 2015, by Nikhil Sikri, Akhil Sikri and Sneha Choudhry, Zolo is making a strong headway into managed living, offering their customers their stay at any Zolo property. Zolo's offering are fun, flexible and functional which ensure a comfortable stay and plenty of activities for its residents to form stronger bonds as a community. Zolo conducts over 200 + community activities in a month such as World Cup screenings, movie nights, pyjama parties, masquerade ball, yoga sessions, Zumba classes, poetry nights, comedy nights, paanipuri nights, karaoke sessions, trekking, food fests and Bollywood night across their properties. These shared community experiences are what makes co-living fun and engaging for millennials.

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