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First, in any country’s development, there are so many factors included.

Like, the economy of the country and the


job opportunities. If we talk about the concept of flatmates and coliving, Then we all must agree, that this Colive
concept is not new. It now becomes part of the business. If we drive back a bit in our memory lane. We can realize
that we also had been a part of this concept at least once in our life.

Let’s take a simple example. Whenever we have to face any exam or due to any reason we have to leave our home
town. We prefer to stay with the person whom we or any of our family member knows well. But we never pay to
that person for serving us at their house during our stay. But we are also aware of the fact that we can not stay at
the same place for so long without paying.

With the changing business environment. Many new ideas hit the market daily. So to make people comfortable
during their stay and allowing them to stay as long as they want. The concept of flatmates is here.

In general, The concept behind Flatmates And Colive is almost similar. Let’s try to understand these terms one by
one.

Flatmates:- Anyone who is willing to share a part of a room or any part of your living area in exchange for money
is a flatmate.

let’s say if you are also on rent in a 1BHK flat and to cut out the rent. You are okay to share the amenities and
comfort in living with someone else. Then the mate with whom you will be living will be a flatmate. Likewise, you
can share 2BHK Flats, 3BHK Flats Or Any BHK Flats that you own or living at rent in.

A flat can be shared between 2 or more people depends upon the space in it. In this case, If we leave the owner
aside, everyone is a flatmate. All the things people living or sharing the same space to stay should go through a
legal agreement. Maybe all will be good friends at a later stage. But It is always better to develop a mutual
understanding first. So every flatmate is aware of their part of the responsibility and there will be no fuse in case of
any terms.

Flatmate Or Flatmates are general terms and not limited to only, who are sharing flats.

Let’s talk about it a bit more. We all know that Bangalore is one of the fastest developing states in INDIA. It is also
known as the IT Hub Of INDIA. So most of the youngster nowadays are moving towards this state because of the
jobs. If you are also shifting to Bangalore. It is quite obvious that you will either look for a room in a rental house
or a flat for rent. You can also search for a complete house for rent in Bangalore. Irrespective of the fact that you
are going to share a flat In Bangalore Or a house for rent in Bangalore.

You will be known as a Flatmate in case of flat sharing. Roommate in case of Room sharing and A housemate in
case of house sharing.

In simple words, The literal meaning of all the terms used above is the same.

Now let’s talk about the Colive a bit.

In simple words, living together in any kind of property irrespective of gender is a great example of coliving.

Nowadays, Youngsters are moving towards the states which have more job opportunities. So to cut out the
expenses and the rent. The young generation is welcoming the concept of colive.

Any number of people, Due to any reason, If moving in the same flat, House or PG is an example of coliving.
The sharing of rent and work in the entire property in the concept of colive is exactly the same as in flatmate.

Again, if we take Bangalore as an example. You can search For Flats In Bangalore and opt to colive. We must say
that these 2 concepts in property rental business are helping India to grow its economy at a good pace. And soon
our Bangalore will be famous by the name of Colive Bangalore Or Flatmates Bangalore.

I must say, Chennai is also not far behind. If we talk about developing states in INDIA.

You can get good job opportunities in Chennai. You can start searching for houses for rent in Chennai as well. I
am sure you can get good properties at the best prices.

These 2 business concepts open the doors for everyone. Either if we talk about a real estate developer or a simple
person willing to earn from his/ her property. This concept provides more and better job opportunities across
India. Because shifting to another state for work or education is not at all a problem now. More PGs and Rental
Properties are being constructed every day. Giving wages to our hardworking labor and contractors. That’s why we
can say that these 2 concepts are playing a vital role in the development of our Nation.

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Source:- https://flatandflatmate.com/blog/concept-of-flatmate-and-colive

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