India’s senior living market to maintain 10 percent CAGR, real estate potential to rise: ASLI

The market for senior living in India was valued at about $10.15 billion as of 2022 and is projected to maintain a robust compound annual growth rate (CAGR) of 10 percent over the next six to eight years, according to Association of Senior Living India (ASLI).

Adarsh Narahari, chairman of ASLI and managing director, Primus Senior Living, said that by 2030, one in every five Indians will be 55 years or older, reflecting the scale of the market to address. To address the needs of senior living and highlight the growth potential within the senior care sector and the investment opportunities, ASLI will organise its fourth “ASLI Ageing Fest—Unlocking India’s Senior Care Investment Potential” on November 17 in Delhi.

The announcement was made at a curtain-raiser coinciding with the “International Day of Older Persons” on September 27.

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