Co-living spaces are a common project for cities all around the world. Joining this league, India too will soon see its first, very own luxury co-living space project in Hyderabad.
Co-living is a unique concept of community living wherein residents of a particular housing space, in this case, a building, get their own furnished apartments, but share other common areas within the building. Co-living is usually a much more flexible lifestyle as it caters to young professionals and students looking for comfortable, convenient and affordable housing.
The project title H1 will be the world’s first fully-integrated serviced suites tower, as well as one of the tallest buildings to come up in India. Standing tall with 47 floors, the tower will house 1,928 suites. Of the total number of floors, 41 will serve as housing for residents, five of which will be reserved exclusively for women.
The remaining floors will feature facilities like food courts and fine dining restaurants, a state-of-the-art 7-Star Sensation Club that will include a gym, salon, and a sky lounge that will stand 700m above sea level –the tallest in India, and an exciting Fun City featuring world-class gaming and virtual reality experiences.
Apartments in the building will be available in three different sizes – 397 sq. ft., 546 sq. ft. and 817 sq. ft. with twin sharing rooms as well. While the rent for these apartments has not yet been disclosed, it is said that the twin sharing apartments will be rented out for ₹26,000 to Rs ₹36,000 per bed.
The entire project is designed by international architecture firm Chapman Taylor and developed by Sensation Infracon Private limited. The project title Hyderabad One (H1) is said to be worth ₹1,500 crores and is expected to be ready by the year 2026.
Located in the middle of the financial district of Hyderabad, in Farook Nagar, H1 aims to bring in a “walk to work” concept to help people save time as well as travelling costs.
Founder and managing director of Sensation Infracon Private Limited, Bhavisya Gupta spoke about the project saying, “We are partnering with global hospitality major Oakwood to manage the project. The firm has already signed a letter of intent and the final management contract is expected to be signed soon.”