Representative imageNew Delhi: The high population of India is expected to increase by 121% by 2050 and over 50 years which should represent 38% of the population, according to a recent report CapgeminiDevelopers increase housing for urban elderly people in metros and major cities.
Ashiana HousingOne of the first participants in space increases its investments in cities like Chennai, Delhi NCR, Pune and Bengaluru. “We have seen a strong response from the market. In places like Chennai and Delhi, we do not even have units to rent or resell, “said Ankur Gupta, a joint director of the company. “We are planning 4 to 6 new life projects for the elderly this year and from one to several projects per location.”
Srijan Realty, in partnership with Primus Senior Living, launched his first senior project in Kolkata, with an investment of 100 crore ₹. “We note that demand will increase in the Kolkata, Rajarhat and New Town bypass. We create communities led by experience with integrated health care, smart monitoring and specific design for the elderly, “said Keshav Agarwal, director of the company.
Antara Senior CareSupported by Max Group, widens its Senior Life model from Dehradun and NCR to Chandigarh and Gurugram phase 2, with an annual development objective of 1.5 million square feet. “We see a high demand for Nris, Hnis and the City Society.
For the three developers, demand moved to lifestyle and medical infrastructure services. “Today’s buyers are proactive, planning communities around social connection, comfort and childcare,” said Gupta.
Capgemini’s results show that 46% of Indian elderly people favor experiences on real estate upgrades, indicating a strong rear wind for higher life models focused on the community, convenience and health infrastructure.
“Senior life no longer concerns real estate – this is lifestyle and care,” said Shreya Anand, director of Vedaanta Senior Living. The company is investing 300 crores over the next three years to extend its imprint across southern India and emerging level 2 cities like Coimbatore, Myuru and Thrissur.
Annantharam Varayur, co-founder of Senior Living ManasumEcho a similar feeling: “We have restructured operations to focus on affordability without compromising care. We have reduced costs from 25 to 30% thanks to direct hiring and internal training, while improving the quality of resident services. ”
The two developers approach health care as a basic pillar. Manasum has linked to hospitals such as Sparsh and BGS Global, offering 24/7 nursing, on -site health care and access to priority hospital. Vedaanta offers a layering system, mixing internal medical teams with monitoring of technology well-being. “Our integrated cantons offer transparent transparent transitions of independent care for assisted care,” said Anand.
These operators align themselves with the observation of the Capgemini report according to which aging societies will keep the accumulation of consumer assets towards life services. The majority of respondents indicating a desire for life led by experience, developers look at personalization, flexible rental and community life formats.
What is clear is that the Housing market for the elderly in India is niche to need – and the new age of aging will require more than houses.
