Moneycpontrol.com-Budget 2025: Easier loans for seniors, and ease of doing business for startups, needed to boost senior housing and co-working space segments
More options to finance a home, lower taxes and statutory payments - these are among a few measures that the senior living segment of the real estate industry is hoping for in this year's Union Budget.
In another sunrise sector in real estate, co-working spaces, operators say that more measures should be put in place to make it easier for start-ups to do business.
Senior living has been identified as a $7.7 billion opportunity in India by 2030, with the target market for senior homes estimated to be at nearly 2.3 million units by that year. However, the current penetration for senior homes remains at around 1.3 percent, far lower than those of economies such as the United States and Australia, according to a report from the Association of Senior Living India (ASLI) and JLL.
