Senior housing supply to rise from 25,000 to 1 lakh units by 2030; new launches in Tier II/III cities and temple towns
The senior housing market in India is set to grow from 25,000 to 1 lakh units by 2030, driven by demographic changes. A report by Colliers India highlights that 30-40% of new launches will occur in Tier II and III cities and spiritual hubs. This shift is expected to meet the rising demand from an elderly population projected to exceed 340 million by 2050.