Bharat Building India’s Future of Ageing: $8.4 Bn Needed For Senior Living by 2030

New Delhi, July 14, 2025: Savills India launched its Senior Living Report on Monday, estimating that India will require investment ranging from $4.8 billion to $ 8.4 billion by 2030 to meet the growing demand for senior housing as the elderly population is projected to rise from 155 million in 2024 to 347 million by 2050.

The report, titled ‘Living the Years that Count’, also states that nearly 34 per cent of all under-construction senior living projects are now in non-metro cities, led by Coimbatore, Vadodara and Goa. These cities are emerging as future senior-living hubs driven by affordability, climate quality and proximity to healthcare.

“Bharat is leading the way in shaping the future of senior living with Tier-2 cities driving the shift through affordable housing, healthcare and thoughtfully designed communities,” said Arvind Nandan, MD, Research and Consulting, Savills India.

“With over $8 billion in projected investment and the government’s growing policy push, this is one of India’s most transformative infrastructure opportunities with the path forward focused on building inclusive ecosystems that enable dignified and comfortable ageing.”

 Some other key takeaways from the report

• The rapidly ageing population, projected to reach 21 per cent of its total population by 2050, is driving an urgent need for purpose-built senior living
• Pricing models are diversifying and have become flexible—with rentals starting at INR 25,000/month to over INR 1 lakh; and ownership options from INR 25 lakh in non-metros to upwards of INR 2 crore in metro cities
• The market is evolving from real estate-only models to design-led, lifestyle ecosystems with barrier-free architecture, biophilic design and integrated wellness features
• South India dominates supply with 68 per cent of all projects concentrated in the region while north India shows the highest non-metro balance with 50 per cent of projects located in non-metro cities

The report urges the creation of a dedicated regulatory framework under the Ministry of Housing or Social Justice along with GST relief, tax breaks and subsidised financing to make senior living viable at scale. It also calls for a formal PPP policy, land grants to unlock private investment and standardise the sector.