Comfort in retirement: How to invest in a house in senior living facility

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

The demand for senior citizen housing in India is rising rapidly. In 2014, only 7,147 such units were launched; by 2024, this number had reached 20,442 (year-to-date till September), according to JLL research.

 

Senior citizens now constitute 11 per cent of India’s population, or 156.7 million people, a figure expected to more than double to 346 million by 2050. This growth is expected to drive significant demand for senior housing, according to a report by the Association of Senior Living India (ASLI) and JLL.

 

Factors fuelling demand

 

Several factors are contributing to the rising interest in senior living facilities. “As