Hindustan Times-Here’s why South Indian cities such as Chennai, Coimbatore and Bengaluru command 60% share of the senior living market
South Indian cities such as Chennai, Coimbatore and Bengaluru have emerged as the epicenter of the country's senior living boom, commanding almost 60% of the market share of the overall 20,000 housing units currently available under the segment compared to North Indian cities that comprise 20% share, the West 16% and the East just about 4%, a report by JLL and the Association of Senior Living India has said.
The report points out that India’s demographic landscape is undergoing a transformation, with projections indicating a more than two-fold increase in the senior population to 346 million by 2050, representing almost 21% of the nation’s total populace. As India’s senior population, defined as individuals aged 60 and above, is poised to more than double, from 156.7 million in 2024 to 346 million by 2050, the senior living housing sector is expected to touch ₹64,500-crore mark by 2030, the report said.
