India to have 1.5 mn new senior living facilities in 10 years: Report Business Standard
India is likely to have 1.5 million new senior living facilities in 10 years as the population of the elderly more than doubles, said a report by a real estate consultancy on Wednesday. CBRE said 17 per cent of the world's elderly – people aged 60 and older – will be in India by 2050. The country has some 150 million elderly people and their number is expected to rise to 230 million in 10-12 years, according to the report called ‘Golden opportunities from the silver economy – analysing the future of senior care in India’.
