Communities designed, managed and operated to fulfil the needs of senior citizens are a relatively new industry in India. Senior living communities fulfil an acute need for senior citizens living on their own. Well managed communities encourage social interaction and guard against loneliness.
The number of senior citizens is growing exponentially every year (India adds five to six million senior citizens every year). From 2018 till now, there has been a significant rise and it’s predicted that every fifth Indian in 2050 is going to be a senior citizen.
Senior living communities are already becoming the preferred option for seniors staying on their own. It is important that we understand this fast growing, high demand segment and where it is heading for. Senior living communities are described on the basis of the services they offer their residents.
