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Coimbatore leads India with 5,500 senior living units
The Economic Times··6d ago
Coimbatore has about 5,500 organised senior-living units, more than any Indian city, Noesis said. Only a quarter of buyers are local. PS Srikumar said villas once near Rs 70 lakh now fetch about Rs 3.5 crore. A JLL report put nationwide supply at 25,050 units as of June 2026, up 14.2 percent growth from 2024.
Prism
What It Means For You
- Retirees buying into Coimbatore communities pay monthly fees that newer markets sometimes set nearly twice as high.
- Returning NRIs and Chennai or Bengaluru buyers dominate demand while locals are a minority of purchasers.
- India still needs roughly 300,000 organised senior-living units versus current supply, consultants told the paper.
What's Happening
- Noesis benchmarking found Coimbatore's oldest community fully occupied while newer sites elsewhere sat at 60 to 70 percent.
- Developers are marketing senior living as lifestyle choice, not only care for dependent elders.
- Stigma around moving into such communities is fading among younger retirees, experts said.
Retirement housing price trajectory
- Real estate advisers track Coimbatore as India's largest organised senior-living inventory base.
- Price appreciation from about Rs 70 lakh to about Rs 3.5 crore shows the segment's premium shift.
- JLL and ASLI counted 25,050 units nationwide as of June 2026 with 14.2 percent CAGR from 2024.
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