India’s senior living market to grow 4x, cross ₹1 trillion by 2030, Tier II, III cities to see most new projects: Report — SkimNews
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- Colliers projects India's senior living market to grow fourfold and cross ₹1 lakh crore by 2030, with organized supply rising from ~25,000 units to 1 lakh units and penetration climbing from above 1% to around 4%
- India's senior housing demand is expected to reach around 30 lakh units by 2030, driven by an expanding elderly population and rising appetite for professionally managed care solutions
- Badal Yagnik, CEO and MD of Colliers India, said the segment is evolving beyond conventional retirement housing into organized offerings 'replete with healthcare facilities,' with growing investor and policy support
- Real estate developers and investors are expected to deploy more than ₹130 billion in senior living projects by 2030, with 30-40% of new launches concentrated in Tier II and III cities and spiritual hubs
- India's regulatory framework for senior living is expected to strengthen further following recent reinforcement of model guidelines originally issued by the Ministry of Housing and Urban Affairs in 2019
- Developers are forecast to shift from standalone projects toward integrated, wellness-focused living-and-care ecosystems over the next 3-4 years
Why it matters: For real estate developers and healthcare operators, the projected ₹130 billion deployment and 30-40% share of launches moving to Tier II/III cities and spiritual hubs signals a geographic broadening beyond saturated metros. But with penetration at just above 1% rising only to ~4%, the 'fourfold' growth headline still leaves organized senior living as a fraction of India's overall housing stock.
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