Growing old, living better: India’s senior real estate market to hit Rs 1 lakh crore
India’s senior living market could become a Rs 1 lakh crore industry by 2030 as more people seek organised housing options for seniors and developers and investors increase their focus on the segment, according to a Colliers report.The market is currently worth around Rs 30,000 crore, nearly 70% higher than its 2024 level.
Colliers expects it to grow to around Rs 70,000 crore by 2028 and cross Rs 1 lakh crore by 2030.For seniors and their families, the expansion is expected to mean a much larger choice of organised senior living communities. More than Rs 13,000 crore in investments announced since 2025 is expected to be deployed in senior living projects over the next three to four years.
This could add nearly 75,000 organised units, taking the total organised inventory from around 25,000 units currently to about 1 lakh by 2030."India's senior living market is entering a period of accelerated growth," said Badal Yagnik, Chief Executive Officer and Managing Director, Colliers India, adding that organised senior living inventory is expected to quadruple over the next three to four years and become a trillion-rupee market by 2030.Demand is growing, but organised options remain limitedThe report estimates that demand for senior living units could reach 28-30 lakh by 2030, compared with around 20-22 lakh currently.
However, organised supply is expected to reach only around 1 lakh units by then, up from 25,000 at present.This would increase the penetration of organised senior living from about 1.3% currently to nearly 4% by 2030.The growth is also unlikely to remain concentrated in major cities. Colliers expects 30-40% of new project launches to come from Tier II and III cities and spiritual hubs.
Coimbatore, Puducherry, Dehradun, Vadodara, Tirupati, Vrindavan and Ayodhya have been identified as potential senior housing markets.More healthcare and technology in senior livingThe sector is increasingly drawing institutional investors, while developers are also forming strategic partnerships with healthcare providers.
Vimal Nadar, national director and head of research, Colliers India, said the more than Rs 13,000 crore capital commitment reflects growing confidence in the segment's long-term potential.As the sector expands, senior living projects are expected to offer more than just accommodation, with healthcare, wellness and technology becoming increasingly integrated into developments.
These could include telemedicine, remote health monitoring and AI-enabled emergency response systems.Colliers also expects stronger regulatory frameworks and RERA compliance to bring greater standardisation and transparency to the segment.Ready to Make a Smarter Property Decision? Build Your Legacy with TOI Homes.