As per the report, the policy-led boom scenario projects around 74,000 units by 2030, requiring Rs 73,100 crore (7.7 billion dollars) in capital outlay and creating a 10.1-billion-dollar market opportunity spanning independent living, assisted care, and integrated health services. The study also explains how India’s age pyramid is inverting. The 60+ population, which presently stands at 166.9 million is projected to reach 191.5 million by 2030 and 346 million by 2050. Karan Singh Sodi, Senior Managing Director, JLL told Times Now Digital, “India’s senior living sector stands at a critical juncture, with 166.9 million seniors today growing to 346 million by 2050, we are looking at a market that could scale from 25,050 units to 74,000 units by 2030, unlocking around $7.7 billion in capital deployment. But the real story is not just independent living, it is the assisted living crisis. We have barely 2,100 assisted living beds today against a projected need of 11,000 by 2030, while our 75-plus population is growing at 7.8% annually. The gap between demographic reality and infrastructure supply has never been starker.”
