HDFC Capital, Primus Senior Living to create homes for elderly worth ₹2,000 crore
HDFC Capital and Primus Senior Living have partnered to invest ₹2,000 crore into developing institutional-grade senior living communities across six Indian cities. The initiative aims to address the growing demand for assisted and independent retirement housing as India's elderly population expands.
Why it matters
This partnership signals the emergence of senior living as a mainstream asset class in India, addressing a critical infrastructure gap for the country's rapidly aging demographic.
Bengaluru-based Primus Senior Living, a residential and eldercare provider specialising in independent, assisted retirement communities, and HDFC Capital have partnered to create a senior living platform worth ₹2,000 crore across six cities.
According Primus Senior Living, the platform aims to accelerate the development of institutional-grade senior living communities across six Indian cities, including Bengaluru, and help establish senior living as a mainstream asset class. These assets, available in ownership and rental-led formats, would offer flexibility and accessibility to senior citizens who are looking at comfortable living without the trouble of owning and managing homes.
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