India’s senior living sector is entering a phase of significant growth, with nearly 15,000 senior homes expected to be operational by 2030 at an estimated investment of ₹26,000 crore. This projection comes from a joint report by the Association of Senior Living India (ASLI) and JLL India, which highlights the evolving dynamics of the country’s senior care industry and its emerging economic potential. The report indicates that India’s organised senior living stock currently stands at 22,157 units, up from 7,147 units in 2014, reflecting a steady rise in interest from developers and investors.
The report projects baseline growth at approximately 14,900 units by 2030, representing a cumulative investment of ₹26,000 crore. In scenarios of accelerated growth, supply could reach 25,500 units at a cost of ₹39,000 crore. With additional policy support, the sector could further expand to 34,600 units, amounting to ₹50,100 crore in investment. Despite these optimistic projections, the report points out that a significant demand-supply gap is likely to persist, given India’s rapidly aging population and evolving housing expectations.
The demographic trajectory underscores the sector’s potential. India’s senior population, aged 60 and above, is projected to rise from 162.2 million in 2025 to 191.5 million by 2030 and further double to 346 million by 2050. The report estimates the addressable market of urban financially independent seniors will require 2.3 million units by 2030, up from 1.7 million units in 2025. This growing demographic is increasingly seeking specialized living arrangements that combine care, comfort, and community engagement.
ASLI Chairman Rajit Mehta emphasized the financial capacity of India’s “Silver Generation,” noting that seniors today are more financially empowered and willing to invest in quality living environments. Mehta highlighted that while a substantial portion of seniors remain financially dependent, the trend is shifting, opening opportunities for innovative financial and insurance solutions tailored to senior living communities. This demographic shift is expected to create a robust economic ecosystem for developers, operators, and investors in the sector.
Co-founder of ASLI, Ankur Gupta, projected the senior living market to reach approximately USD 50 billion by 2030, growing at a compound annual rate of 20 percent. Gupta emphasized that the sector is moving beyond niche retirement homes into diversified offerings that address healthcare, wellness, social interaction, and lifestyle preferences. This transformation reflects broader changes in India’s urban society, including rising life expectancy, changing family structures, and increased awareness of senior well-being.
Industry experts highlight that modern senior living communities are no longer merely residential spaces but are evolving into comprehensive ecosystems. Adarsh Narahari, Founder & Managing Director of Primus Senior Living, explained that seniors increasingly prioritize personal happiness, security, and social engagement. Communities are being designed to blend care services with shared social spaces, fostering a sense of belonging while ensuring medical and recreational support.
Kirthi Chilukuri, Founder & Managing Director of Stonecraft Group, added that senior living is rapidly emerging as a mainstream asset class, reflecting shifting societal expectations. Chilukuri pointed out that intergenerational designs and holistic wellness facilities are now central to project planning, addressing both independence and community interaction for seniors. Developers are investing in infrastructure, healthcare partnerships, and lifestyle amenities to meet these expectations, ensuring that senior residents experience safety, dignity, and active engagement.
The growth of India’s senior living sector has attracted attention from real estate developers, financial institutions, and investors seeking long-term, stable opportunities. Strategic planning, policy support, and an understanding of evolving demographic needs are key to unlocking the sector’s full potential.
.png)