Senior Living Market in India Projected to Reach $8 Billion by 2030
The senior living industry in India is set to grow significantly, reaching a market size of $8 billion by 2030, driven by an increasing elderly population and robust investments.
Senior LivingReal EstateMarket GrowthElderly PopulationInvestmentsReal Estate NewsAug 27, 2025
The report highlights that India’s senior population is expected to increase from an estimated 163 million in 2025 to 191.5 million by 2030. This demographic shift, combined with a relatively low market penetration, presents a significant growth opportunity.
Currently, the organized supply of senior living units stands at around 22,000 units as of June 2025. However, the potential demand for such homes is projected to be 1.7 million units for 2025. This demand-supply gap offers a promising opportunity for strategic investors in this emerging sector, according to Karan Singh Sodhi, Senior Managing Director of JLL India.
The sector has already seen robust investment activity, with nearly 20 deals completed in the last 18 months. Investment ticket sizes have crossed ₹100 crore, and new investors are actively participating, diversifying the target portfolio.
Premium senior living facilities are performing strongly, maintaining occupancy rates of 80 to 85 percent. The demand for such homes is expected to rise to 2.3 million units by 2030, with market penetration increasing to 2.5 percent of the total addressable market from about 1.4 percent in 2025.
The report suggests that around 14,900 senior living homes are likely to be developed by 2030, with an estimated cost of ₹26,000 crore or $3 billion, assuming current project launch rates in the organized market.
Several industry players are engaging with state governments to adopt senior living policies, similar to those introduced by the Maharashtra government, which offers benefits such as reduced stamp duty, GST, and parking fees. Developers are also pushing for an assisted living policy to avoid the need for nursing home licenses for care homes post-treatment.
However, challenges remain, including high land and construction costs and a lack of skilled caregivers. To address these issues, the industry is advocating for a national policy to boost investor confidence and incentivize development through low-cost financing and fast-track approvals.
Updated financial regulations, such as providing financial independence to seniors through reverse mortgage loans (RML) and enabling long-term loans by classifying senior projects as infrastructure, can further facilitate growth.
Rajiv Mehta, Chairman of ASLI and Managing Director and CEO of Antara Senior Care, noted that while 70 percent of seniors remain financially dependent, the right financial and insurance innovations can unlock the economic opportunities presented by India’s demographic evolution.
In the event of accelerated growth, driven by increased interest from institutional investors, the senior living demand could surge to 25,500 units at a cost of ₹39,000 crore or $4.5 billion, significantly improving project viability.
Frequently Asked Questions
What is the projected market size of the senior living industry in India by 2030?
The senior living industry in India is projected to reach a market size of $8 billion by 2030.
What is the current supply of senior living units in India?
As of June 2025, the organized supply of senior living units in India stands at around 22,000 units.
What are the main drivers of growth in the senior living industry?
The main drivers of growth include an increasing elderly population, robust investments, and a demand-supply gap.
What challenges does the senior living industry face in India?
The industry faces challenges such as high land and construction costs, a lack of skilled caregivers, and the need for supportive policies and financial regulations.
What is the potential demand for senior living homes in India by 2030?
The potential demand for senior living homes in India is projected to rise to 2.3 million units by 2030.
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