India’s senior living sector is estimated to reach USD 14.14 billion by 2031 – What’s behind the rise?
New Delhi: In India, the concept of senior living used to have a narrower outlook based on needs rather than a broader vision. Now the focus is more on proactive living rather than reactive living. The rising number of buyers is now beginning to consider senior living as an important tool of lifestyle planning. In that sense, India is not just accommodating an ageing population anymore; it is beginning to design for it. And that marks a far more structural shift than the market has traditionally acknowledged. Countryโs elderly population set to expand sharply The momentum behind senior living in…