Majority of senior living projects in India are in South India: Report
senior living projects in India are concentrated in the southern cities of Chennai, Bengaluru, and Coimbatore, contributing to approximately 40% of the country's total inventory, according to CBRE data.
This dominance is linked to the region's favourable climate, improved connectivity,presence of prominent healthcare players and a higher percentage of parents of NRIs.
The southern region distinctly leads by contributing about 74% to the overall supply, particularly in organised assisted living segments. This promising trend is driven by several factors, including higher affordability levels and a growing acceptance of nuclear family structures, as evidenced by a higher proportion of elderly living alone compared to the northern states.
“India has experienced a significant surge in the number of senior living projects over the past decade, reflecting the growing acceptance and demand in this sector. Developers in the segment are expressing optimism about the future of the senior living segment, highlighting the increasing demand for specialised care and lifestyle options among seniors,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE.
Also, the availability of trained staff, given the region's focus on the healthcare sector, further enhances the quality of senior care. Major players in the senior care segment are concentrated in southern tier-I and II cities such as Chennai, Coimbatore and Bangalore.
Future expansion of the senior care units by major players is
