Southern India Accounts for 62% Of Senior Living Projects

India’s senior population is projected to experience significant growth, increasing from 157 million in 2024 to 346 million by 2050, which will constitute over 20.6 per cent of the country’s total population. This demographic shift emphasises the need for a more structured and inclusive approach to senior living. The focus is moving beyond traditional care homes to creating vibrant, community-driven environments that foster social interaction, independence, and well-being, in its recent report, CREDAI, in collaboration with KPMG, highlighted

Currently, the total organised senior living inventory in India stands at just over 21,000 units. Southern India leads the way, accounting for 62 per cent of the country's existing projects. Key cities, including Coimbatore, Bengaluru, and Chennai, are at the forefront, representing nearly 40 per cent of the total senior living inventory. This concentration highlights these regions' growing demand for specialised senior living spaces.

Globally, the senior living market was valued at approximately USD 190 billion in 2020 and is projected to reach USD 375 billion by 2030. The Asia Pacific and Middle East regions are anticipated to be among the fastest-growing markets in this sector, with compound annual growth rates (CAGR) of 11.2 per cent and 8.4 per cent, respectively. This growth underscores the increasing demand for senior living options, not only in India but across the global market as well.

The report underscores the growing demand for vibrant, independent senior living communities beyond traditional care homes, paving the way for new investment and development opportunities.