Manasum Homes to Add 450 Senior Living Units in Bengaluru, Tirupati, Mysuru with ₹150 Cr Expansion Across South India

Senior living housing developer Manasum Homes has announced an investment of over ₹150 crore to expand its footprint across key southern Indian cities. The company, headquartered in Bengaluru, plans to develop over 450 new senior living units across Bengaluru, Tirupati and Mysuru through a combination of joint ventures and independent developments.

The investment marks a significant scale-up for Manasum Homes, which currently operates projects in Bengaluru and Goa, totalling over 1,000 units. The move comes amid growing demand for elderly-friendly housing across the southern region, where a higher concentration of retirees is pushing the growth of care-integrated residential communities.

Founded by Anantharam V Varayur, Sumathy Anantharam, and Kushal Ramesh, Manasum Homes started with its first senior living project in Bengaluru. Since its inception, the company has focused on creating accessible housing solutions with integrated wellness and care infrastructure for India’s ageing population.

In south Bengaluru, Manasum operates “Manasum Avighna,” a 110-unit senior housing project in Jigani. The project features one-bedroom units and includes a clubhouse, landscaped gardens, security systems, and wellness-oriented infrastructure. According to founder Anantharam V Varayur, the design integrates shared courtyards and spaces for social interaction. A temple forms part of the community layout, reflecting the company’s approach to blending wellness and spiritual spaces.

In north Bengaluru, the firm has developed “Manasum Banyan,” a 191-unit community located within the Godrej Royale Woods township in Devanahalli. The project is positioned around wellness features such as healthcare zones, green corridors and over 46 amenities, including a swimming pool and community centre, spread across a green setting with more than 1,000 trees.

Outside Karnataka, Manasum’s partnership with Prescon Homes led to the development of “Ikigai Goa,” a senior living community situated near Panjim. Spread over 7.5 acres, the Goa project offers 240 serviced residences supported by a 35,000 sq ft clubhouse and a range of health and leisure facilities.

Building on its existing operational base, Manasum Homes is now entering three additional cities. In Bengaluru, it has partnered with Tata Value Homes to deliver “RIVA,” a senior living block within the New Haven township on Tumkur Road. The project comprises 187 ready-to-move-in units and includes features such as a temperature-controlled pool, wellness zones and community pathways.

In Tirupati, Manasum has entered into a joint development agreement with Vasundhara Constructions (Theme Ambience) to build what it claims is the temple city’s first senior-focused housing block. Part of a larger residential layout named “Temple Town,” the Tirupati project will consist of 100 senior units within a 300-unit residential complex. A 20,000 sq ft clubhouse is being planned, specifically catering to spiritual, social and recreational activities suitable for older residents.

In Mysuru, the company has signed an agreement with Foundations Developers & Promoters to construct a dedicated senior living enclave. The two-acre site will house over 180 units and is expected to become the city’s largest exclusive senior living project. The plan includes landscaped areas, wellness facilities and a temple, and is positioned to serve the rising elderly population in the city.

Manasum’s expansion aligns with the broader market concentration of senior living in southern India. According to a joint study by JLL and the Association of Senior Living India (ASLI), approximately 60 per cent of India’s 20,000 senior housing units are located in southern cities—primarily Bengaluru, Chennai, and Coimbatore. The report highlights southern India as the current epicentre of the sector, in comparison to just 20 per cent of stock in the north, 16 per cent in the west, and 4 per cent in the east.

The company is targeting both Tier-1 cities and spiritually prominent Tier-2 towns, with the objective of building communities that offer social integration, healthcare access, and secure housing environments tailored for the elderly. The choice of Tirupati and Mysuru reflects this dual focus on spiritual relevance and emerging housing markets.

With the senior population in India projected to exceed 250 million by 2030, the need for organised retirement housing is expected to grow steadily. Manasum Homes is aiming to position itself as a long-term player in this segment by combining physical infrastructure with managed services, healthcare tie-ups and resident engagement programs.

The company’s latest investment push is expected to not only add housing capacity but also reinforce structured senior housing as a critical part of the real estate mix in southern India.