Manasum Senior Living has partnered with Signature Global to develop a 164-unit senior living project in Gurugram, marking Manasum’s entry into the Delhi-NCR market. The development has an estimated sales potential of Rs. 5.75 bn.

Named Manasum Varishta, the project will be located at Signature Global Sarvam at DXP Estates in Sector 37D, Gurugram. It will comprise 164 three-bedroom apartments across two configurations measuring 1,815 sq ft and 1,840 sq ft. Each residence is priced at around Rs. 37 mn.

The project is being developed under a partnership model. Signature Global will provide the land and manage development and construction, including project financing, approvals and liaisoning. Manasum will lead the marketing and sales of the residences and manage senior living operations and services after handover.

The development forms part of a 14-acre project with an overall development area of approximately 3.6 mn sq ft. The construction contract has been awarded, with work scheduled to begin within a month. The companies are targeting sales closure within 12 to 18 months, while handover is planned in around 48 months.

The senior living community will offer food and beverage services, concierge facilities, housekeeping, round-the-clock healthcare support and an ambulance on standby. It will also provide continuous community engagement activities for residents.

Manasum currently operates projects across Karnataka, Goa and Andhra Pradesh and is expanding into Gujarat, Tamil Nadu, coastal Karnataka and North India. It has around 950 operational units, more than 1,000 under development and over 750 in the pipeline. The company aims to reach 10,000 senior living units by 2030, invest nearly Rs. 8 bn and launch more than 25 projects over the next five years.