India’s senior-living market is growing. Here are the top 5 stocks to look at.
Mint website: In Indian real estate, senior living is still in the junior league. I read this article and quickly formed my opinion on this relatively untouched segment of the real-estate industry. While housing is being solved for by large players with deep pockets, there is an entire ecosystem of companies in the senior-living market.
What is senior living, you ask? It refers toa wide range of housing and lifestyle options suitable for an ageing person’s needs. According to a report, the senior-living market in India is expected to be worth around $12 billion by 2030, from its current size of $2-3 billion, as India’s population ages and the median age rises. The industry is gaining traction, with some startups also working in this space.
What’s behind this boost, though? When the pandemic hit more than four years ago, elderly people proved particularly vulnerable to covid. This spurred a quest for solutions to the problems of the elderly. Growth in the space is being driven by an ageing population, higher life expectancy, the rise of nuclear families, financially independent and educated senior citizens, the increasing medical needs of seniors, and NRIs returning to India after retirement.
A study revealed that of the 2.1 billion people around the world aged 60 years and over, around 17% are in India. It’s safe to say then that the senior-living theme could become mainstream in the coming years. Let's look at the top companies in this sector.
Ashiana Housingis involved in middle- toupper-middle-income residential housing projects in satellite cities and towns in India. Its core business is buying land, building residential buildings, and selling them. The company operates in four residential segments – children-centric
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