India Senior Living Companies (2024 - 2029)

India Senior Living Market Companies Summary

The senior living market in India is experiencing significant growth due to a rise in the aging population and increased demand for housing and services tailored to this demographic. The market is not limited to major cities but is expanding into suburbs and tier II cities, which are becoming attractive due to their availability of land and space for sprawling complexes. In addition, the trend of seniors preferring to live in cities with low population densities is providing opportunities for developers to create new projects in less competitive markets. The government of India is supporting the growth of the senior living market through schemes like AVYAY, which aim to provide a healthy, happy, and dignified life for senior citizens. This has resulted in increased investment in the sector and the initiation of numerous projects focused on senior citizen welfare. The southern part of the country, known for its pleasant climate and quality healthcare providers, is witnessing significant growth in the senior living sector. Developers are operating their businesses through outright purchases or sales, leases or rentals, and hybrid models to meet customer demand.