Tech-enabled rental accommodation provider Colive to upgrade co-living properties into hybridliving accommodations

                Tech-enabled rental accommodation provider Colive is upgrading its coliving properties into hybrid-living accommodations. Through this transformation, Colive aims to enhance its customers’ living experience with plug-and-play homes 
that provide a hybrid working environment.

In a post-pandemic world where work from home is a prominent mode of work and numerous companies, as well as start-ups, are adopting the homeoffice model, spaces that strike the balance between personal and professional
life have become essential. “Remote working is made even harder for the young professionals who are struggling to get high speed secured wifi and 24x7 power back up at their home town. Hence, to help people cope with the 
redefined work culture in a post-pandemic world, Hybrid Living equips you with facilities that are both cost-effective and increase work efficiency,” said Suresh Rangarajan, Founder and CEO of Colive.

The facilities include a proper formal working atmosphere, round-the clockpower backup, strong Wi-Fi network and dedicated conference rooms to conduct meetings.

The company has also come up with ‘Bid4Bed,’ wherein prospective tenants will select a property based on their location and sharing preference and place a bid. This allows tenants to quote a fair estimate of what they’re willing to pay 
for a listed hybrid living accommodation. If the bid is approved, the customer is required to pay the remainder and move in. If the bid is rejected, they receive a counteroffer.

“Priceline is considered to be one of the most remarkable success stories in recent years, Priceline is best known for its name-your-own-price that led to its height of success, in which consumers bid for services but not for service
providers. Because Priceline serves as an opaque selling mechanism, it attracts price-conscious consumers,” said Suresh Rangarajan.

Colive has received more than 2,000 bids until now under Bid4bed for hybrid living properties and have observed an uptick of 60 per cent in reservations at Colive since bidding has been implemented .

Source: The Economic Times