Manasum Senior Living has announced plans to expand its footprint across India, targeting 10,000 senior living units by 2030 through the launch of more than 25 projects in Tier-I and Tier-II cities over the next five years.
The Bengaluru-headquartered company currently has 950 operational units, over 1,000 units under development and more than 750 units in the pipeline. It plans to invest around ₹800 crore to support its expansion, with projects under planning and evaluation representing an estimated development value of about ₹5,000 crore.
The company said it will expand across metropolitan markets including Bengaluru, Chennai, Ahmedabad, Hyderabad, Kochi, Mumbai, Pune, Kolkata and Gurugram, while also entering Tier-II cities such as Mysuru, Mangaluru, Hubballi-Dharwad, Coimbatore, Lucknow, Chandigarh, Indore and Jaipur.
According to the company, more than 50 per cent of the planned expansion will come from additional projects in cities where it already has operations, while the remaining growth will be driven by expansion into new markets. The expansion will be funded through a mix of equity and debt.
Manasum is also evaluating short-stay senior living formats in spiritual destinations including Varanasi, Ayodhya, Vrindavan, Haridwar, Madurai, Kumbakonam, Guruvayur and Sringeri.
Anantharam V. Varayur, Co-Founder of Manasum Senior Living, said India’s growing elderly population would increase the demand for purpose-built senior living communities. He said the company’s vision is to create communities that enable seniors to lead purposeful and fulfilling lives.
Sumanthy Anantharam, Co-Founder, said the company aims to build an integrated senior living ecosystem encompassing housing, care, services and support infrastructure. She added that the expansion is expected to generate more than 5,000 employment opportunities, particularly in rural India.
Kushal Ramesh, Co-Founder, said the company plans to establish a caregiver academy to address the shortage of trained professionals in the elder care sector and support both its own communities and the wider senior care industry.
The company said its expansion plans are driven by the expected increase in India’s population aged 60 years and above, which is projected to rise from 149 million in 2022 to 347 million by 2050.
Source: Manasum Senior Living