Senior living market can grow into a $10.1 bn prospect: ASLI-JLL

India's senior living market is projected to reach a value of $10.1 billion by 2030, requiring $7.7 billion in capital investment to expand supply, according to a report by ASLI-JLL titled "India’s Silver Economy: From Niche to Necessity". With the population of Indians aged 60 and above expected to double by 2050, there is a need to develop a senior care ecosystem.

Currently, organized senior living facility penetration in India is only 1.5%, presenting a significant opportunity for growth. The sector reached 25,050 dwelling units as of June 2026, with a compound annual growth rate (CAGR) of 14.2% between 2024 and the first half of 2026. The report highlights the potential for expansion, with 25,050 units potentially growing to 74,000 units by 2030, unlocking $7.7 billion in capital deployment.

However, challenges persist, including a shortage of assisted living beds (only 2,100 against a projected need of 11,000 by 2030) and high real estate costs. Affordability is also a major barrier, with rental and service-led models expected to gain traction as affordability improves.