Columbia Pacific to Invest Rs 200 Crore For Senior Living Projects In Four New Cities

Columbia Pacific Communities, a leading senior living community operator based in the United States, has announced plans to invest over Rs 200 crore to expand its footprint in India. This substantial investment is aimed at establishing new senior living projects in the cities of Pune, Hyderabad, Kottayam, and Kochi during the financial year 2025.

Each of the new projects will require an equity investment of Rs 50 crore. Despite the substantial financial commitment, the company has stated that it is not currently seeking additional fundraising. According to company Director Sivakumar V, the projects will be financed through internal resources, reflecting the company’s strong financial health and confidence in the Indian market.

In Pune, CPC has partnered with Nyati Group and has already acquired land in Undri, where development is ongoing. This partnership aims to deliver high-quality senior living spaces that cater to the specific needs of the elderly population.

In Hyderabad, CPC is actively scouting for new developers to collaborate with, ensuring they find the right partners to execute their vision for senior living communities. This city represents a key area for expansion due to its growing demand for specialized housing for seniors.

In Kerala, CPC is finalizing land parcels and designs for projects in Kottayam and Kochi. For these projects, CPC is partnering with Asset Homes, where the developer will handle construction, and CPC will provide the necessary services. This collaboration aims to create well-designed, functional living spaces for seniors in these cities.

Additionally, CPC is exploring opportunities in Mumbai, actively looking for suitable land parcels to develop new senior living projects. Mumbai’s real estate market offers significant potential for CPC’s expansion plans, given its large urban population and increasing demand for senior-friendly housing.

In Hosur, near Bengaluru, CPC is also actively searching for land parcels to establish their senior living communities. Hosur’s proximity to Bengaluru makes it an attractive location for such developments, offering a balance of accessibility and a quieter living environment.

CPC is not only expanding geographically but also innovating its business model. The company plans to deliver 300 senior living units in FY25 and launch an additional 1,200 units..

Introducing Rental Model for Senior Living

For the first time in India, Columbia Pacific plans to introduce a rental model for senior living apartments. This innovative approach is expected to make senior living more accessible to a broader demographic, offering flexibility and affordability. The company intends to add 800 to 1,000 senior living homes annually under this model, projecting a potential revenue of Rs 150 crore to Rs 200 crore per project. This rental model is anticipated to attract seniors who prefer not to make a large upfront investment, thereby broadening the market for senior living communities.

Strategic Importance and Market Potential

The decision to expand into Pune, Hyderabad, Kottayam, and Kochi is strategic, targeting cities with a growing demand for senior living facilities. Pune and Hyderabad, in particular, are emerging as significant hubs for senior living due to their favorable climate, healthcare facilities, and relatively lower living costs compared to metropolitan cities like Mumbai and Delhi. Kottayam and Kochi in Kerala offer a serene environment and a strong cultural appeal for seniors looking to retire in tranquil surroundings.

This expansion strategy underscores Columbia Pacific's commitment to meeting the growing demand for senior living spaces in India, catering to an ageing population seeking quality living conditions and services. As the market for senior living communities continues to grow, Columbia Pacific aims to tap the potential of the senior living market in India.