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India Senior Housing Market Size, Share & Trends Analysis Report By Housing Units (1Bhk, 2Bhk, 3Bhk, Independent Villas), By Country, And Segment Forecasts, 2024 - 2030

Publisher Grand View Research
Published May 10, 2024
Length 80 Pages
SKU # GV18854349

Description

India Senior Housing Market Size, Share & Trends Analysis Report By Housing Units (1Bhk, 2Bhk, 3Bhk, Independent Villas), By Country, And Segment Forecasts, 2024 - 2030


India Senior Housing Market Growth & Trends

The India senior housing market size is anticipated to reach USD 3.23 billion by 2030, growing at a CAGR of 7.78% from 2024 to 2030, according to a new report by Grand View Research, Inc. Senior living facilities such as Continuing Care Retirement Communities (CCRCs) are gaining traction due to the increasing demand for senior living options. CCRCs offer a range of services and amenities, including round-the-clock care tailored to the health and wellness needs of residents as they age. These communities typically provide independent living, assisted living, skilled/nursing care, and continuing care services within one location. The demand for CCRCs is on the rise in India, driven by a growing senior population and the unique advantages these communities offer.

Senior living communities are housing arrangements that are tailored to the unique living requirements of older adults. These communities offer safe, healthy, and comfortable long-term care, with some specifically targeting individuals with dementia. Many communities provide medical care services, continuing education opportunities, fitness facilities, transportation assistance, housekeeping services, and other essential support to residents.

For seniors over the age of 55 who require more immersive interventions due to medical or age-related issues, senior housings like AntaraSeniorCare provide round-the-clock nursing support, daily doctor consults, vital monitoring, medication administration, emergency response protocol, nutritionally assisted meals, regular physical activity, physiotherapy, and counseling sessions.With India's demographic landscape rapidly changing due to the growing senior population, there is an increasing demand for senior living facilities.

Moreover, several companies are engaging in partnerships, mergers, acquisitions, and expansion strategies to enhance their market position. For instance, In May 2023, Emerald Haven Realty (TVS Emerald) and Columbia Pacific Communities joined forces to establish a collaborative endeavor, aiming to construct and manage a senior living residential project in Chennai. Situated on a substantial 2.7-acre plot in Thaiyur, the development intends to encompass 250 well-designed residences, featuring a combination of one- and two-bedroom homes.

India Senior Housing Market Report Highlights
  • Based on housing units, the 2Bhk segment accounted for the largest revenue share in 2023 and expected to witness fastest growth over the forecast period. The increasing popularity of 2BHK apartments among senior citizens in India's housing market is expected to have a substantial impact on the growth of the senior housing sector
  • The 1Bhk segment is expected to witness a significant growth over the forecast period, owing to the cost of living is an important factor for many seniors, especially those on fixed incomes or retirement funds, as a result many seniors preferred 1Bhk over larger units such as 2Bhk or higher
  • Southern region held the largest market share in 2023. This can be attributed to various factors such as higher percentage of senior housing projects in India are concentrated in southern cities such as Chennai, Bengaluru, Puducherry, Coimbatore, Hyderabad, and Mysore
  • In March 2023, Primus announced its strategic growth initiative to penetrate the booming Mumbai market. As part of this expansion, Primus plans to introduce an additional 2,000 units to its portfolio of senior living residences
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Table of Contents

80 Pages
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Housing Units
1.3. Estimates and Forecast Timeline
1.4. Research Methodology
1.5. Information Procurement
1.5.1. Purchased Database
1.5.2. GVR’s Internal Database
1.5.3. Secondary Sources
1.5.4. Primary Research
1.6. Information Analysis
1.6.1. Data Analysis Models
1.7. Market Formulation & Data Visualization
1.8. Model Details
1.8.1. Volume Price Analysis
1.9. List of Secondary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. India Senior Housing Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Increasing investments in the senior housing sector
3.2.1.2. Shift from communicable to lifestyle diseases
3.2.1.3. Increasing disposable income
3.2.2. Market Restraint Analysis
3.2.2.1. Lack of awareness and understanding among seniors and their families
3.2.2.2. Regulatory constraints and policy uncertainties
3.3. Target Population Analysis
3.3.1. Age group analysis
3.3.2. Spending capacity analysis
3.3.3. Indian 45+ affluent population
3.3.4. NRI population
3.4. Total Addressable Market Revenue Estimates & Forecasts, 2018 - 2030 (USD Million)
3.5. Estimates & Forecasts for Volume of Housing Units, 2018 - 2030 ('000)
Chapter 4. India Senior Housing Market Segment Analysis, By Housing Units, 2018 - 2030 (USD Million)
4.1. Definition and Scope
4.2. Housing Units Segment Dashboard
4.3. India Senior Housing Market, by Housing Units, 2018 to 2030
4.3.1. 1Bhk
4.3.1.1. 1BHK Market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.2. 2Bhk
4.3.2.1. 2Bhk Market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.3. 3Bhk
4.3.3.1. 3Bhk Market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.4. Independent Villas
4.3.4.1. Independent Villas Market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. India Senior Housing Market Segment Analysis, By Regional, 2018 - 2030 (USD Million)
5.1. Regional Segment Dashboard
5.2. Regional Market Share Analysis, 2023 & 2030
5.3. India Senior Housing Market Size, & Forecasts Trend Analysis by Regional, 2018 to 2030
5.3.1. South Region
5.3.1.1. South Region Market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.2. West Region
5.3.2.1. West Region Market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.3. North Region
5.3.3.1. North Region Market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.4. East Region
5.3.4.1. East Region Market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.5. Northeast Region
5.3.5.1. Northeast Region Market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.6. Central Region
5.3.6.1. Central Region Market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company/Competition Categorization
6.3. List of Key Companies
6.3.1. Columbia Pacific Communities
6.3.1.1. Company overview
6.3.1.2. Financial performance
6.3.1.3. Strategic initiatives
6.3.2. Vedaanta
6.3.2.1. Company overview
6.3.2.2. Financial performance
6.3.2.3. Strategic initiatives
6.3.3. Ashiana Housing Ltd.
6.3.3.1. Company overview
6.3.3.2. Financial performance
6.3.3.3. Strategic initiatives
6.3.4. Paranjape Schemes (Construction) Ltd.
6.3.4.1. Company overview
6.3.4.2. Financial performance
6.3.4.3. Strategic initiatives
6.3.5. PRIMUS
6.3.5.1. Company overview
6.3.5.2. Financial performance
6.3.5.3. Strategic initiatives
6.3.6. AntaraSeniorCare
6.3.6.1. Company overview
6.3.6.2. Financial performance
6.3.6.3. Strategic initiatives
6.3.7. Advait Homes LLP
6.3.7.1. Company overview
6.3.7.2. Financial performance
6.3.7.3. Strategic initiatives
6.3.8. Saket Group
6.3.8.1. Company overview
6.3.8.2. Financial performance
6.3.8.3. Strategic initiatives
6.3.9. Prarambh Life
6.3.9.1. Company overview
6.3.9.2. Financial performance
6.3.9.3. Strategic initiatives
6.3.10. Brigade Enterprises Ltd,
6.3.10.1. Company overview
6.3.10.2. Financial performance
6.3.10.3. Strategic initiatives

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