Assess quality of services, medical support by engaging with residents

Remember, liquidity is limited in such housing as resale is restricted to other seniors

- SANJEEV SINHA

India's senior living market is set to expand from $1.8-2 billion to nearly $8 billion by 2030, while demand is expected to surge from 1.7 million to 2.3 million units, according to a recent report by JLL and the Association of Senior Living India (ASLI). Seniors considering this option must conduct elaborate due diligence.

India's senior living sector is undergoing a seismic shift driven by demographic changes, social transformations, and increased financial independence among seniors. "With nuclear families becoming the norm and adult children pursuing global careers, professional senior care is gaining preference over traditional models. Today's seniors are healthier, financially secure, and seek communities offering safety, social engagement, and medical support," says Samantak Das, chief economist and head of research and REIS, India, JLL.

The main advantage of senior living projects is a better quality of life built on strong community engagement and purposeful activities. "Equally important are safety, security, and medical services, which ensure seniors can live independently with peace of mind," says Ankur Gupta, joint managing director, Ashiana Housing, and co-founder, ASLI.