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Columbia Pacific Communites is set to merge with Kites Senior Care, forming one of India's largest senior living firms. The merger is expected to benefit Columbia Pacific Communities, which has a net worth of over Rs 25 crore. The merger is expected to boost the company's bed capacity to over 1,000 within the next six quarters. Kites Senior Care, a leading provider of out-of-hospital geriatric care services, secured an investment of Rs 45 crore from Ranjan Pai's MEMG Family Office Fund in March 2024.

Vandana Agarwal is only 54, but she's already planning to place a deposit on an apartment in a retirement community close to New Delhi that she and her husband will move into when they reach their 70s.

Indian culture places paramount importance on respect for elders, with multigenerational households the norm.

The regulator stated this in an order pertaining to the Urbana Serene retirement home project in Bengaluru, developed by the Ozone Group.

Experts say that while the rental model makes it more affordable for the elderly, it poses several challenges for developers, like low rental yields and a much smaller pool of customers