While researching for our Newsletter edition no. 179 on luxury residential projects, we uncovered something fascinating – a niche that’s rapidly emerging as a sleeping giant in India’s real estate sector. I’m talking about premium assisted senior living communities, and what we discovered was far from the conventional retirement homes of the past.
Picture this: Thoughtfully designed spaces nestled in the pristine valleys of Dehradun, offering world-class amenities from wellness centres to gourmet dining, all while providing specialised care services. What makes this sector particularly intriguing is its perfect timing with India’s evolving demographics and wealth patterns.
As Generation X transitions into their senior years, they bring with them unprecedented wealth accumulation – the result of successful careers, smart investments, and disciplined financial planning. This generation, which is financially secure; is seeking retirement lifestyles that match their achievements and aspirations. The market potential is compelling when you consider that India’s senior population is among the fastest-growing demographic globally.
But there’s more to this story than just demographics and wealth. We’re witnessing a fundamental shift in urban family structures. As younger generations migrate to metropolitan cities or plan lives abroad, traditional community bonds are evolving. These premium assisted living spaces are creating a new paradigm of retirement living that combines luxury, independence, and comprehensive care.
In this blog, I’ll explore why this sector might just be one of the most promising investment opportunities in luxury real estate and why it matters to India’s wealth creators – both as potential investors and as members of families navigating these changing times.
Let’s dive in.
The growth of elder care communities
With a senior population (aged 60 years and above) exceeding 145 million and projected to grow by 40% in the next decade, we are witnessing a significant demographic shift.
This has led to the growth of the so-called ‘Silver Economy.’ The eldercare market in India is worth USD 7 billion and is expected to reach USD 50 billion by 2030
Here are a few factors contributing to the growth:

Businesses, old and new, are catering to different needs of senior living and care. From nutrition and daily convenience to recreation and financial services, the market has evolved to serve different age segments ranging from ‘young and active’ seniors to those in their later years.
Out of all the segments, premium assisted senior living communities have emerged as a particularly attractive segment. These communities go beyond basic care to offer resort-style amenities, with facilities ranging from 24/7 medical care and emergency ambulance service to concierge service and a dedicated team for personal chores.
If you are interested in finding a luxury living space for your parents, grandparents, or yourself, the next section provides details on the top facilities.
Exploring India’s luxury senior living communities
Here’s a closer look at some of India’s top luxury senior living communities that are redefining retirement living in India.
1. Antara Senior Living

Antara, a subsidiary of the Max Group, has three flagship locations: Dehradun, Noida and Gurugram.

Cost of living: Residences at Antara start at approximately INR 2 crore, with monthly maintenance fees varying between INR 33,399 – 1,06,213 under Antara Comprehensive Benefit.
Facilities provided: Antara provides a curated lifestyle with concierge services, wellness programs, fine dining, and access to 24/7 healthcare. The Dehradun facility boasts landscaped gardens and a wellness centre, while Noida offers proximity to top medical facilities.
Unique features: What sets Antara apart is its exceptional amenities like a 30-seater private theatre with recliners, a well-stocked reading room, and an elaborate clubhouse to maximise the comfort for residents.
Upcoming projects: Antara is expanding its footprint with new projects planned in Gurugram and other metro cities. Their latest project, Estate 360, offers intergenerational living with 2 out of 6 residence properties listed for senior living. Here’s their brochure for more details.
What makes Antara stand out are the exceptional facilities and luxury that it offers to its residents.

2. Serene Communities by Columbia Pacific
With multiple operational communities across cities like Bengaluru, Chennai, and Pune, Serene Communities by Columbia Pacific is the largest senior living provider in India. Their projects are strategically located in urban areas, offering convenience and comfort.

Facilities provided: Residents enjoy 24/7 medical care, state-of-the-art fitness centres, gourmet dining, and engaging social activities. They also provide in-residence housekeeping for daily chores like dusting and mopping, along with concierge services. Many communities also have on-site pharmacies and wellness programs.
Unique features: They are one of the players in India that offer graduated care levels on the same campus. This is also because of their association with Columbia Asia Hospitals – a perfect solution for care-dependent seniors.
Upcoming projects: Columbia Pacific is launching new facilities in cities like Chennai, Kochi, and Mysore, with an emphasis on sustainable construction and technology-driven care. You can check out their upcoming projects on their website.
3. Ashiana Housing
Ashiana Housing operates senior living communities in cities like Jaipur, Bhiwadi, and Lavasa. These homes are designed for seniors who value a blend of affordability and premium living.

Cost of living: Unit prices start from about INR 70 lakh onwards, making Ashiana an attractive option for mid-range buyers.
Facilities provided: Ashiana communities offer landscaped gardens, hobby rooms, health and fitness centres, and regular cultural events. The on-site staff ensures that residents receive personalised care.
Upcoming projects: Ashiana is expanding into southern India, with projects planned in Chennai and Hyderabad.
Unique features: Their emphasis on inter-generational living creates a unique environment where seniors can enjoy the company of younger residents while maintaining their own pace of life.
4. The Golden Estate
Located in Faridabad, The Golden Estate is designed for seniors seeking a vibrant yet secure lifestyle near Delhi NCR. Their differentiator is an exceptional staff-to-resident ratio (1:3), offering personalised, customised care within a luxury setting. Think of it as a boutique hotel that meets a premium healthcare facility.

Cost of living: Monthly rentals start at INR 83,500 for single occupancy and INR 1,04,564 for double occupancy.
Security deposit: Security deposits start at INR 6 lakhs and are refundable.
Facilities provided: This community offers luxury apartments, chef-prepared meals, wellness programs, and 24/7 security. Residents also enjoy access to recreational activities and personalised concierge services.
5. CovaiCare
Based in Coimbatore, CovaiCare is one of India’s pioneers in senior living. Their facilities are designed to integrate active lifestyles with medical care, creating a balanced living experience.

Facilities provided: CovaiCare offers a mix of independent living, assisted living, and memory care services. Amenities include recreational centres, libraries, and wellness programs tailored to the needs of seniors. You can check out their properties on their website.
How much does it cost to live in a luxury elder care community
When considering luxury elder care communities, it is crucial to understand the long-term financial commitment involved.
In India, there are currently two popular plans: purchase a villa/apartment ranging anywhere between INR 50 lakh to INR 3 crore, pay a maintenance fee monthly, or pay a monthly rental that includes all living costs.
Let’s say you plan to live in one such community for 20 years, at double occupancy with an annual increment of 7%; here’s how much you need to have as a corpus.

As you can see above, the costs of living in a luxury care facility are substantial. Living in a retirement home is a critical life decision, and like every major financial decision, you need to plan out your finances, cash flows and investments at least 10 years prior to moving into a retirement home.
Additional considerations:
- Real estate: If you plan to purchase a property in a retirement home, it is a substantial investment, and you need to consider multiple factors like what happens to your current residence, alignment of your family with this decision and, of course, the corpus for purchasing the house.
- Healthcare costs: While most retirement homes have adequate healthcare facilities, they are chargeable separately, and it is prudent to set aside 10-15% of the annual living cost for healthcare expenses.
- One-time security deposit: Many retirement homes require a one-time security deposit, and you need to typically set aside 3-6 months of the monthly charges for this.
- Miscellaneous expenses: As included in the calculation above, it is important to prepare your retirement corpus to include travel and entertainment expenses based on your lifestyle, health and family circumstances. Many retirees travel extensively to meet their children or families and for leisure and these costs must be factored in.
Investment opportunity in luxury elder living facilities
The luxury senior living sector presents a sophisticated investment opportunity that goes beyond conventional real estate plays. Here are a few reasons why investors are eyeing this segment —
- High demand but low supply: The gap between supply and demand remains significant, with current luxury facilities meeting less than 2% of the potential demand in the premium segment.
- Hospitality plus real estate play: This segment is exciting for established players in both – the real estate as well as luxury industries. With an increasingly aging population who have the resources and appreciate luxury and amenities, this segment can see high growth.
- Recurring revenue: Unlike traditional property investments, these communities generate value through multiple streams – from property appreciation and rental yields to recurring revenue from monthly maintenance charges, healthcare partnerships, and premium services.
In summary
India’s journey towards creating world-class elder care facilities is just beginning. By learning from countries like Japan, where elder care integrates seamlessly into healthcare systems, or the USA, which combines innovation with personalised care, communities can be built that truly cater to senior citizens’ evolving needs.
This is an opportunity to create living spaces that provide shelter, dignity, safety, and a sense of community. Retirement communities that integrate AI-powered health monitoring with ayurvedic wellness centres or smart homes designed with modern amenities and spaces for multi-generational gatherings are needed.
Whether you are considering it as an investment or exploring options for yourself or your loved ones, this is an interesting space to closely track.
Disclaimer: The information contained herein is for informational purposes and should not be interpreted as soliciting, advertising, or providing any advice.