Indian millennials spark 'co-living' investment boom

Modern, app-managed shared housing to grow into $2bn market by 2022

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Residents relax at the Zolo Cosmos in India's Bangalore. (Photo courtesy of Zolo)

ROSEMARY MARANDI, Nikkei staff writer

MUMBAI -- For India's millennials, home is where the apps are. Citizens -- and big doses of investment -- are pouring into modern "co-living" facilities, where residents share kitchens, bathrooms and living areas while owners offer a range of services through smartphone software.

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