Real estate developers in NCR are venturing into the coliving segment as demand for houses continues to be sluggish. Delhi-based ASF Group, which has a residential complex in Gurgaon, has decided to construct a model tower for coliving before it considers converting the existing complex into a coliving building. According to Cushman and Wakefield, India’s coliving market size is expected to double by 2025 to $13.92 billion across top 30 cities. “Coliving is a real possibility and we expect a return of 8-9% there against 2-3% return in rental,” said Anil Saraf, chairman of ASF Group. “While we will construct a model tower keeping in mind the requirement of coliving, we can also convert the existing complex into a coliving facility.” “There is definitely opportunity in coliving, but players need to wait for profit. In future, we might see developers constructing flats just for coliving,” said Amarendra Sahu, cofounder of NestAway Technologies. NestAway is in the home rental market and forayed into the coliving space with its subsidiary Hello World.