Senior Homes to Hit 15,000 Units by 2030: ASLI-JLL

29 Aug 2025 CW Team

The report, released on Wednesday, reveals that the organised supply of senior living units has expanded significantly over the past decade—from 7,147 units in 2014 to 22,157 units as of June 2025. If this baseline trajectory continues, the total supply is expected to reach approximately 14,900 units by 2030. In an accelerated growth scenario, supply could increase to 25,500 units at a cost of Rs 390 billion. With supportive policy measures, the number could rise further to 34,600 units, requiring an investment of Rs 501 billion.

Despite these projections, the report highlighted a continued demand-supply mismatch in the sector. India’s elderly population (aged 60 and above) is projected to increase sharply from 162.2 million in 2025 to 191.5 million by 2030, and to double to 346 million by 2050. The estimated demand from urban, financially independent seniors is expected to rise from 1.7 million units in 2025 to 2.3 million by 2030.

Rajit Mehta, Chairman of ASLI, noted that India's silver generation is wealthier than its predecessors and is choosing to invest in quality living during retirement. “While 70 per cent of seniors remain financially dependent today, this trend is gradually changing. With appropriate financial and insurance innovation, India’s evolving demographics could unlock major economic opportunities,” he said.

Ankur Gupta, Co-Founder of ASLI, remarked that the senior care sector is undergoing diversification and is poised to reach around USD 50 billion by 2030, growing at a compound annual rate of nearly 20 per cent.

Industry leaders echoed these sentiments. Adarsh Narahari, Founder and MD of Primus Senior Living, stated that India’s senior living sector is transforming as the elderly place a higher emphasis on personal happiness. “Families are now seeking ecosystems that blend quality care with a sense of community,” he said.

Kirthi Chilukuri, Founder and MD of Stonecraft Group, emphasised the sector’s transition from niche to mainstream. “With increasing life expectancy and shifting family dynamics, there is a pressing need for inclusive communities that offer dignity, safety, and overall well-being for India’s ageing population,” he said.

India’s senior living segment is set to witness substantial growth, with nearly 15,000 new senior homes projected to be launched by 2030 at an estimated investment of Rs 260 billion, according to a joint report by the Association of Senior Living India (ASLI) and JLL India. The forecast is based on current trends in the organised real estate market.The report, released on Wednesday, reveals that the organised supply of senior living units has expanded significantly over the past decade—from 7,147 units in 2014 to 22,157 units as of June 2025. If this baseline trajectory continues, the total supply is expected to reach approximately 14,900 units by 2030. In an accelerated growth scenario, supply could increase to 25,500 units at a cost of Rs 390 billion. With supportive policy measures, the number could rise further to 34,600 units, requiring an investment of Rs 501 billion.Despite these projections, the report highlighted a continued demand-supply mismatch in the sector. India’s elderly population (aged 60 and above) is projected to increase sharply from 162.2 million in 2025 to 191.5 million by 2030, and to double to 346 million by 2050. The estimated demand from urban, financially independent seniors is expected to rise from 1.7 million units in 2025 to 2.3 million by 2030.Rajit Mehta, Chairman of ASLI, noted that India's silver generation is wealthier than its predecessors and is choosing to invest in quality living during retirement. “While 70 per cent of seniors remain financially dependent today, this trend is gradually changing. With appropriate financial and insurance innovation, India’s evolving demographics could unlock major economic opportunities,” he said.Ankur Gupta, Co-Founder of ASLI, remarked that the senior care sector is undergoing diversification and is poised to reach around USD 50 billion by 2030, growing at a compound annual rate of nearly 20 per cent.Industry leaders echoed these sentiments. Adarsh Narahari, Founder and MD of Primus Senior Living, stated that India’s senior living sector is transforming as the elderly place a higher emphasis on personal happiness. “Families are now seeking ecosystems that blend quality care with a sense of community,” he said.Kirthi Chilukuri, Founder and MD of Stonecraft Group, emphasised the sector’s transition from niche to mainstream. “With increasing life expectancy and shifting family dynamics, there is a pressing need for inclusive communities that offer dignity, safety, and overall well-being for India’s ageing population,” he said.

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