Senior living market can grow into a $10.1 bn prospect: ASLI-JLL
A report by ASLI and JLL projects that India's senior living market will grow into a $10.1 billion opportunity by 2030. The sector currently faces a supply shortage, with only 1.5% of the elderly population served by organized facilities.
Why it matters
As India's elderly population grows, the 'silver economy' represents a significant emerging market for real estate and healthcare investment.
India’s senior living market is expected to become a $ 10.1 billion opportunity by 2030, requiring $ 7.7 billion capital investment to meet new supply under a policy-driven scenario, according to a ASLI-JLL report “India’s Silver Economy: From Niche to Necessity”.
“With over 166 million Indians aged above 60 and the number projected to double by 2050, there is a need to build an ecosystem of senior citizens. The organised senior living facility penetration is just 1.5%. The opportunity is about building a strong, accessible, and trusted senior care ecosystem,” G. Rajagopal, chairman of the Association of Senior Living India (ASLI), said in a press release.
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