Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
• Manasum Senior Living plans to invest INR 800 crore over the next five years to expand its senior housing business amid growing demand for retirement communities.
• The Bengaluru-based company aims to increase its portfolio to 10,000 senior living units by 2030, up from 950 operational units and around 1,000 units currently under development.
• The expansion will focus on scaling purpose-built housing for senior citizens, supported by rising demand for organised retirement living in India.
• The investment reflects growing interest in the senior living segment, driven by changing demographics, higher life expectancy and evolving lifestyle preferences.
Manasum Senior Living has announced plans to invest INR 800 crore over the next five years to expand its senior housing business, as demand for organised retirement communities continues to grow across India.
The Bengaluru-based company intends to significantly scale its operations with the goal of developing 10,000 senior living units by 2030. Speaking about the company's expansion strategy, co-founder Anantharam V. Varayur said the planned investment will support the development of new projects and strengthen its presence in the rapidly evolving senior housing segment.
At present, Manasum Senior Living operates 950 housing units across five projects located in Bengaluru and Goa. In addition, around 1,000 units are currently under various stages of development, providing the company with a growing pipeline to support its long-term expansion plans.
The proposed investment will be directed towards developing purpose-built communities designed specifically for senior citizens, with a focus on providing independent and assisted living options supported by healthcare, security and community-based amenities.
India's senior living sector has witnessed increasing interest in recent years, driven by demographic changes, longer life expectancy, urbanisation and the growing preference among elderly citizens for professionally managed residential communities. Industry experts believe the segment has considerable growth potential as nuclear families become more common and awareness of specialised retirement housing continues to increase.
The company's expansion strategy comes at a time when developers are increasingly diversifying into niche residential segments beyond conventional housing. Senior living has emerged as one of the fastest-growing categories within the real estate sector, attracting both developers and investors seeking long-term opportunities.
With its planned investment and ambitious expansion target, Manasum Senior Living aims to strengthen its position in India's organised senior housing market while catering to the evolving lifestyle and care requirements of the country's ageing population.
Source: PTI
Advertisement
Facebook
Whatsapp
