Senior Citizens Housing

The first of a four-part series on the silver economy focuses on luxury housing projects developed with seniors in mind

South India is emerging as the hub for living projects for the older population, accounting for 60 per cent of total market share, north Indian cities comprise just 20 per cent, the west holds 16 per

Decision to purchase such a property should be taken by researching costs, infrastructure, service standards

Firm will use financing to develop platform offering range of services for the elderly at their homes

Improving life expectancy is expected to drive the share of senior citizens in India's 1.43 billion population to 13 per cent by 2030 from 11 per cent currently, according to a Colliers report

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The facility should be designed considering the needs of seniors and be secure for them

Realty firm Ashiana Housing will invest Rs 275 crore to develop a housing project in Pune for senior citizens. The Delhi-based company said in a statement that it has launched a joint venture project, Ashiana Amodh Senior Living at Talegaon in Pune. The project, spread over 11.93 acres, will be developed in four phases and will entail an investment of Rs 275 crore, it added. The project will be funded through internal accruals and construction finance. Ashiana Housing said the delivery of the first phase is scheduled for October 2026. The company is targeting customers aged 55 and above. In the first phase, 220 units will be developed and sold in a price range of Rs 57 lakh to to Rs 1.27 crore. The development of the first phase includes the land cost of Rs 25.11 crore, construction cost of Rs 52.38 crore, and other expenditures of Rs 16.36 crore. The total investment in the project would be Rs 275 crore, the company said. "Recognizing the shifting societal norms, the acceptan

They aren't the popularly imagined dwellings for spurned old parents, but offer a holistic lifestyle for those among the elderly who still have a great zeal for life

Khullar also lets on that he has managed to do very well alone, something he wasn't sure of, and credits some of it to his love of Bollywood.

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For the real estate sector, it represents massive opportunities, particularly as current housing for senior people is minimal