Realtors see massive opportunity in India's growing elderly population

By 2026, India’s elderly could rise to 173 million, more than double what it was two decades ago and accounting for 12.5 per cent of the population, a figure that could rise to 19.5 per cent by 2050. The projected numbers provided by the Population Census 2011 will amount to more than the entire population of Russia. For the real estate sector, it represents massive opportunities, particularly as current housing for senior people is minimal. Developers are excited about the potential and say they see interest in the sector accelerating. Ankur Gupta, joint managing director of Ashiana Housing, which has