on the Desk of: Anantharam Varayur, Co-founder, Manasum Senior Living
India is on the brink of a demographic revolution. With advancements in modern medicine, the population is living longer, leading to an unprecedented surge in the elderly population. Termed the “silent grey tsunami,” this demographic shift presents both challenges and opportunities, particularly in the realm of housing.
Senior housing, tailored to meet the specific needs of the aging population, is gaining increasing importance. From independent living to 24-hour care, senior housing prioritizes safety, accessibility, adaptability, and longevity—qualities often lacking in conventional housing options.
Currently, seniors constitute 12 percent of India’s population, a figure projected to soar to 20 percent by 2025. This translates to a staggering 160 million seniors in just four years—a demographic equivalent to the combined populations of the United Kingdom, Canada, and South Africa. Such a demographic surge necessitates a corresponding surge in housing options tailored to their needs.
However, traditional housing poses challenges for seniors. Many homes were not designed with the elderly in mind, featuring stairs, narrow hallways, and inaccessible bathrooms and kitchens. This creates difficulties for seniors with limited mobility, highlighting the need for specialized housing solutions.
Recognizing the invaluable contribution of senior citizens to communities, it’s imperative to provide them with adequate housing and support as they age. Seniors enhance the diversity of neighborhoods, contribute to the local economy, and bring stability as long-term residents. Hence, it’s in the best interest of governments to assist seniors in aging gracefully, ensuring the benefits of an aging population are enjoyed without excessive costs.
Quality senior housing extends beyond physical infrastructure—it encompasses community engagement. Offering activities, education, and social events not only improves seniors’ quality of life but also enhances their independence and well-being.
One exemplary model of senior living is Manasum Senior Living. Located in North Bengaluru, Manasum offers a sanctuary for seniors in their golden years. With 191 senior living apartments, part of intergeneration community spread across sprawling 13 acre community, Manasum prioritizes the well-being and comfort of its residents.
Manasum provides a plethora of amenities tailored to seniors’ needs, including in-house nursing facilities, 24/7 ambulance services, and wheelchair-friendly infrastructure. Moreover, the community fosters social engagement, offering activities like library access, recreation rooms, and a senior-friendly gym.
Challenges persist in the senior housing sector, especially the demand-supply imbalance. While the elderly population is steadily increasing, the supply of senior housing remains inadequate. Regulatory support, such as promoting reverse mortgage norms and providing financial incentives, is essential to address these challenges comprehensively.
“Despite these challenges, the senior housing market in India is flourishing. Companies like Manasum are leading the charge, creating safe, comfortable, and environmentally friendly homes for seniors. These homes not only provide physical shelter but also foster companionship, relaxation, and a sense of community—a testament to the joy of embracing the golden years.
As India’s population ages, the demand for senior housing continues to escalate. It’s imperative for policymakers, developers, and communities to collaborate in addressing the unique housing needs of seniors. By investing in quality senior housing, we can ensure that our elderly population thrives and enjoys a fulfilling quality of life in their golden years.
