NEW DELHI: Manasum Senior Living is set to invest approximately ₹800 crore over the next five years as part of its growth strategy to expand operations throughout India.
This investment aims to launch over 25 projects, helping the company reach its goal of 10,000 senior living units by 2030. Currently, projects in the planning stage have an estimated development value of around ₹5,000 crore.
The company plans to allocate ₹150 crore in FY27 to initiate 10 projects. “Annually, we need to invest ₹150 crore-₹200 crore to launch projects. After 2028, additional funding will not be necessary,” stated Sumanthy Anantharam, co-founder.
To support its expansion, the company intends to divest 20-22% equity at a valuation of ₹800-₹850 crore, aiming to raise around ₹150-₹200 crore. Future growth will be financed by a combination of equity and debt.
Currently, Manasum operates 950 units, has over 1,000 units under development, and over 750 units in the pipeline.
“Five projects are operational, and four are under development in Chennai, Mysuru, Tirupathi, and GIFT City. We have signed five letters of intent (LoIs) in Bengaluru, Gurugram, Goa, Mangaluru, and Pune,” reported Anantharam V Varayur, co-founder.
The company is investing around ₹300 crore in its GIFT City project, developed in partnership with United Yogi Group. The Mysuru project is being handled alongside Foundations Developers & Promoters, while the Tirupathi project is in collaboration with Theme Ambience Group.
Kushal Ramesh, another co-founder, mentioned, “We aim to complete one project in FY27 and four projects in FY28, including around 200 units in Gurugram in FY27.”
The company employs an underwriting model where it collaborates with developers during the planning phase, secures an entire tower at a fixed cost, and manages sales and operations. “This outright purchase model lacks scalability, and we prefer not to get anchored in construction,” Varayur explained.
Previously, the company acquired 108 units in a Tata Realty & Infrastructure project in Bengaluru for ₹55 crore, with a revenue potential of approximately ₹75 crore.
Manasum has partnered with Tata 1mg for health facilities across all its projects. “We secure a 15-year agreement with builders and the community, with an option to renew for another 15 years,” Ramesh added.
