The senior population is India's 150 million who are aged 60 or above. As per experts, the population is set to increase and this creates a tremendous demand for solutions targeted towards retirement and healthcare based on individual needs.
As per a 2024 report by CBRE South Asia Pvt. titled 'Golden Opportunities From the Silver Economy', the Indian senior living market has undergone a significant transformation. From basic accommodation to highly advanced senior communities offering a spectrum of care, the market now caters to a new wave of retirees and presents ample opportunities for growth and investment.
The rise of nuclear families in India and the movement of young professionals outside have led to a lack of support for the elderly. Consequently, there is a growing need for professional care homes that cater to the health, social, and personal needs of seniors in one place. This increasing demand highlights the business potential in the senior living sector, making it an appealing investment opportunity.
As the demand for senior care continues to rise, Indians investing in the silver economy are discovering numerous opportunities. The potential for real estate developers and health service providers is immense, which is very promising for the senior living sector in India.
The government initiatives boost the senior living conditions but the economy still faces challenges of acceptance in India.
