Primus Senior Living and HDFC Capital have partnered to create a Rs 2,000 crore platform that aims to build institutional-grade senior living communities across key Indian cities and help establish senior living as a mainstream asset class.
According to a statement, the platform will develop assets across six major Indian cities through both ownership and rental-led formats with the aim of offering greater flexibility and accessibility to seniors seeking convenience, independence and community living without the commitments of home ownership.
Primus Senior Living highlighted that the senior population in the country is projected to reach 346 million by 2050, driving a significant increase in demand for quality senior living solutions.
Despite this growing need, the sector remains substantially underserved.
The platform seeks to create age-friendly communities that promote health, wellness, social engagement and independent living for senior citizens.
