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Senior Living Market to Reach $8 Billion by 2030

Business Standard

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August 28, 2025

Industry to Ask Govt to Adopt Senior Living Policies, Cut Stamp Duty, GST

- SANKET KOUL

With the rise in elderly population and increasing interest around the segment by developers, the senior living industry is poised to reach a market size of $8 billion by 2030 from the current $1.8 to $2 billion, according to a report by Association of Senior Living in India (ASLI) and JLL.

The report stated that this rise will be driven by an increase in India's senior population from an estimated 163 million in 2025 to 191.5 million projected for 2030, coupled with a relatively lower market penetration, leaving scope for higher growth potential.

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