Puravankara Group's projects in important Indian areas have received Rs 500 crore from Piramal Enterprises. This financial infusion will concentrate on commercial and residential projects via senior secured finance, highlighting their growth potential.

IKIGAI Goa, a pioneering senior housing property near Panjim, Goa's dynamic capital, is proudly launched by Manasum Senior housing and Prescon Homes. IKIGAI Goa will open within 90 to 120 days with 240 luxurious, fully serviced one- and two-bedroom homes for contemporary seniors.

India's elderly population is growing. Household needs are changing due to growth. Mumbai, Bangalore, Pune, and Delhi are focusing on senior-friendly housing. The progress is encouraging, but much more must be done. Despite hurdles, senior care houses will be significant business.

In a groundbreaking move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has unveiled draft guidelines aimed at revolutionizing housing projects for the elderly, making it a trailblazer in India for advocating the specialized housing needs of retirees.

Indian real estate is hopeful for major improvements when Finance Minister Nirmala Sitharaman presents Budget 2024. The business anxiously awaiting affordable housing definition extension, industry classification, and tax benefits for homebuyers and developers.

Ashiana Housing, a New Delhi-based real estate developer, plans to spend Rs 650-700 crore in land and building in 2023-24. The business wants to book Rs 1,500 crore in area in FY24 and add 7-8 million sq ft in three years.

Antara Senior Living, a Max Group affiliate, and Max Estates are building an integrated senior living complex in India.

With senior housing getting the most focus, India's real estate sector is suddenly bracing for a demand spike. A white paper released with PWC and ASLI-The Association of Senior Living in India reports fifty active projects from the top twelve players in the delivery business.

Bengaluru-based Prestige Group, a real estate giant, is planning to transform urban landscapes across Delhi-NCR, Bengaluru, Hyderabad, Chennai, Mumbai, and Goa. With a Bengaluru trial project, they are also targeting elder living.

The Indian real estate giant Ashiana Housing Ltd. is planning a major expansion. The business wants to spend Rs 700 crore in two luxury home projects in Jaipur and two senior living projects in Chennai.

In the Talegaon neighbourhood of Pune, Ashiana Housing has announced plans to invest more than Rs 275 crore in a senior living project.

India's elderly population has grown from over 7% in 1991 to over 9% in 2016 and is expected to reach around 15% by 2035. We need elderly-friendly residences to cater for the growing number of senior Indians.

Lodha Group, Bain Capital, and Ivanhoe Cambridge-backed Lodha Green Digital Infrastructure (LGDI) bought 8 acres in Kurla, Mumbai.

Once stigmatised as "old age homes," senior living homes have now evolved as a viable real estate sector, which has grown in importance in the aftermath of the COVID-19 scare.