Moneycontrol.com-Silver lining: India's senior living housing sector to skyrocket over 300% by 2030, to hit $7.7-billion mark
India's senior living housing sector is expected to skyrocket over 300 percent by 2030 to $7.7 billion (Rs 64,500 crore), according to a joint report by real estate consultancy JLL and Association of Senior Living India (ASLI).
India houses the world's second-largest senior population, which is expected to more than double from 156.7 million in 2024 to 346 million by 2050. The estimated target market for senior living facilities is projected to grow from 1.57 million households in 2024 to 2.27 million by 2030, the report highlighted.
“Based on an assessment of the existing senior living inventory, the market is currently valued at Rs 15,500 crore ($1.8 billion). Projections indicate a robust CAGR (compound annual growth rate) of roughly 27 percent, potentially expanding the market to Rs 64,500 crore ($7.7 billion) by 2030,” the report stated.
