SAN FRANCISCO: As the population of senior citizens in India rises to 118 million in 2016, an increasing number of developers are venturing into the sector to provide continuing care retirement communities’ projects , says Manish Kumar, National Director – Strategic Consulting, JLL India.
“Many private entities have already made a foray into this sector. While some companies enter it as part of their corporate social responsibility, charitable organisations are also found in the sector. Realising the upside potential and to have first-mover advantage, a few prominent corporate houses have also forayed into senior living….