Tier 2, 3 Cities Dominate in Senior Living With 60% Share
COVID-19 may reshape the future of the senior living segment in India, with demand for such homes set to zoom up amid the present uncertainties. There is only a limited supply in this segment, via 55 projects by the top 12 players in this segment - 60% in tier 2 cities and the remaining 40% in Tier 1 cities.
Prominent tier 2 cities include Coimbatore, Puducherry, Kodaikanal, Vadodara, Bhopal, Jaipur, Mysuru, Dehradun, Kasauli and Kanchipuram, among others. Key Tier 1 cities are Bengaluru, Chennai, Pune, Noida, etc.
Region-wise, the southern cities have a nearly 69% share of these projects, coinciding with the demographic assumption that elderly population growth in the Southern states will grow at a faster pace than the rest of India, according to a report by SBI.
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4 年Ashiana Housing Limited is a major player in this segment and their homes are worth every penny - so much that I would love to retire to an Ashiana senior living home, closer to Gurgaon/NCR. Ankur Gupta Sir has led from the front in this important #housingmarket segment...