I believe so Ayesha. I was actually doing some research on these new-age segments and I can safely tell you that many people who are staying in PGs, are now looking to shift to shared accommodation options including co-living. Actually due to COVID-19 worries, they are not choosing PGs which do not have individual rooms allotted for all occupants. Social distancing is very important today and co-living players are now making these things possible. I think at least half of people staying in PGs will pay more for co-living or shared homes in the near future. PG owners will also be looking at revamping their accommodation for getting more customers in the future.
Also new-age professionals are choosing more convenience which is being offered by co-living or shared home companies. These include laundry facilities, Wi-Fi, kitchens, housekeeping and shared activities among others. Such spaces are more flexible in terms of entry and exits, deposits and other factors while offering ample security and social infrastructure. The prices are comparatively reasonable if you take into account everything that you are getting at these places.