NEW DELHI: Signature Global (India) is exploring opportunities in the senior living segment as part of its long-term growth strategy, according to founder and chairman Pradeep Aggarwal.
Aggarwal noted, “Senior living is becoming a vital segment in India’s residential real estate market, influenced by shifting demographics, increased life expectancy, changing family dynamics, and growing aspirations for improved quality of life among senior citizens.”
He further mentioned that while the segment is still in its early stages and requires more ecosystem support, awareness, and scale, it presents significant long-term potential. “We are carefully examining opportunities in this area as part of our long-term strategy, though no decisions have been reached yet,” he added.
Aggarwal pointed out that cities like Gurugram are well-suited to meet the demand for planned senior living communities that prioritize healthcare, safety, wellness, and social engagement.
Over the last decade, India’s senior living sector has evolved from a niche concept to an organized real estate asset class, buoyed by rising awareness, changing family structures, and a growing preference for independent living.
Developers are now incorporating healthcare, hospitality, wellness, and community-focused amenities into their senior living projects. Initially concentrated in metropolitan areas, over 35% of under-construction projects are now being developed in various non-metro regions such as Goa, Coimbatore, and Vadodara, according to Savills India.
Bengaluru has emerged as one of the more mature senior living markets in India, aided by experienced operators, increased consumer awareness, and a diverse range of purpose-built communities across mid to premium segments.
Meanwhile, Delhi-NCR is showing rapid growth, driven by affluent retirees, NRIs, and families seeking professionally managed residences near healthcare facilities and family networks.
The share of individuals aged 60 and above in India is expected to rise from 11% of the total population in 2024 to over 20% by 2050, with the absolute senior population anticipated to nearly double from over 155 million during the same timeframe.
“The market, currently valued at $1-2 billion, is projected to draw investments of $4.8-8.4 billion by 2030. To meet the anticipated demand, the sector will need approximately 627-1,000 acres of land by 2030,” stated Arvind Nandan, managing director of research and consulting at Savills India.
