Colliers estimates that India has 25,000 organized senior-living units for demand of 2 million to 2.2 million, as Ashiana Housing estimates ₹13 billion in potential sales from a proposed Gurugram project.
An Oct. 29 company filing says Ashiana signed a joint development agreement for about 4.4 acres in Sector 78. It estimates 725,000 square feet of saleable area and ₹13 billion in potential sales. That is a sales estimate, not reported revenue or profit. The filing gives no unit count, launch date, delivery schedule or agreement financial terms.
DLF said Oct. 4 that all 172 residences at The Aureva, its project in Gurugram’s Sector 63, had sold for about ₹19.85 billion.
Colliers puts the market at about ₹300 billion in 2026, nearly 70% above its 2024 level, and forecasts it will surpass ₹1 trillion by 2030. The firm bases those market-size figures on estimated and projected inventory. It projects demand near 3 million units and organized stock of about 100,000 by 2030.
Developers and investors have announced more than ₹130 billion in investment since 2025, Colliers says. Deployment over the following three to four years could add close to 75,000 units. The firm cites longer life expectancy, smaller households, higher incomes and more retirement planning as demand drivers.
A separate report by JLL and the Association of Senior Living India describes a policy-driven scenario with total stock of about 74,000 units by 2030 and required capital outlay of ₹731 billion. It separately identifies a $10.1 billion market opportunity, using measures different from Colliers’ market-size forecast.
JLL says outright purchases make up 89% of supply. Assisted-living options account for less than 10% of organized stock, while the report puts their share of need among people aged 75 and older at 25%. High property and construction costs, along with a shortage of trained care workers, are constraints. JLL also cites limited personal resources for care that may last 10 to 20 years, inadequate insurance, few long-term care options and underused reverse mortgages as factors that can leave families with substantial costs.
Ashiana’s board is scheduled to consider and approve results for the quarter and half-year ended Sept. 30 on Wednesday, Nov. 4. A conference call is set for Thursday, Nov. 5, at 5:30 a.m. EST (10:30 UTC); the project filing sets no launch or delivery date.
