Senior housing boom: South Indian cities drive 60% of market growth

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Senior housing boom: South Indian cities drive 60% of market growth - Business Standard

Quick Summary:

While many senior living projects cater to premium customers, they command a significant price premium compared to regular housing.

JLL’s Samantak Das suggests that government intervention is necessary to make these units more affordable.“Government subsidies and tax incentives for both developers and seniors could make senior living options more accessible.

The senior living market is primarily driven by the sale model, with over 80 per cent of units sold outright.