This expo serves as a powerful testament to the flourishing Amusement, Leisure, and Entertainment (ALE) industry in India. Building on the resounding success of previous IAAPI Expos, this year’s edition promises to be an even grander affair, uniting industry leaders, innovators, and stakeholders from across the spectrum. The Expo offers a crucial platform for showcasing cutting-edge products, services, and technologies, solidifying its position as a hub for creative expression and unparalleled business opportunities.

Why Attend the IAAPI Amusement Expo 2025:

* Unmatched Scale: Witness over 200 exhibitors from more than 20 countries, including industry leaders from Australia, Bulgaria, Canada, China, Dubai (UAE), Germany, Hong Kong, Italy, Liechtenstein, Philippines, Russia, Singapore, the United Kingdom, and the USA.

* Comprehensive Events: Participate in a range of concurrent events, including the IAC Connect conference, Networking Evening, National Awards for Excellence, and insightful training programs.

* Unparalleled Networking Opportunities: Connect and forge relationships with key decision-makers from Amusement Parks, Theme Parks, Water Parks, and Indoor Amusement Centre (IAC).

* Innovation and Product Launches: Introduce your latest products, explore promising joint ventures, and discover the newest trends shaping the industry.

* Invaluable Industry Insights: Gain knowledge from business leaders and industry experts through engaging discussions on critical industry issues.

Commenting on the industry’s remarkable growth, Mr. Srikanth Goenka, Chairman of IAAPI, remarked,”The Attractions Industry is on the cusp of unprecedented growth, with the potential to double in size by 2030.

The Indian Amusement Park and Indoor Amusement Centre industry is collectively pegged at INR 11,500 cr. in 2023 and is estimated to grow to approximately INR 22,000 cr. by 2023 assuming 12% CAGR from 2023-27 and 6% growth beyond. Amusement industry is one of the major drivers of domestic tourism in the country.

The IAAPI Amusement Expo will be the largest gathering ever, bringing together industry leaders to collaborate, share knowledge, and shape the future of amusement and entertainment. We encourage you to join us and be a part of this exciting journey.”

“Our flagship event, the IAAPI Amusement Expo, is poised to be our largest gathering yet, with a record number of exhibitors from across the globe. This platform will serve as a powerful catalyst for growth and innovation within our industry. We invite you to join us in February 2025 to connect with industry leaders, explore cutting-edge technologies, and seize the opportunities that await.”, he further added.

For amusement park professionals seeking new ways to engage visitors, the IAAPI Expo 2025 offers a wealth of opportunities. The exhibitor profile will be diverse, showcasing a wide range of companies from the amusement and entertainment industry. This includes leading manufacturers of rides, games, and attractions, alongside innovative suppliers specializing in safety equipment, ride control systems, and theming elements. The expo will also be a platform for startups and emerging businesses to introduce their latest creations.

The show will attract professionals from amusement & attraction industry, potential investors from Malls & Real Estate, Resorts, Hospitality chains, Restaurant & Cafes, Sports Bars, Municipal & Local Government authorities who are exploring in creating tourism destinations, smart cities and entertainment hubs.

Don’t miss this chance to discover cutting-edge technologies, explore new partnerships, and gain insights into the future of amusement park experiences.

Established in 1999, IAAPI has played a pivotal role in shaping the Indian amusement and entertainment industry. The association boasts over 500 members, encompassing SMEs, park operators, and equipment manufacturers, and serves as a powerful voice and advocate for the industry’s continued progress.

Join us at the IAAPI Expo 2025 to experience the captivating evolution of India’s amusement industry and become an active participant in its future.

For details on participation and further information, please visit: https://www.iaapi.org/

Expanding Financing Options for EV Buyers
The partnership follows ZELIO’s recent tie-up with LoanTap, further broadening financing options. With Ecofy’s digital and paperless financing solutions, customers can benefit from:

• Low-interest rates
• Quick approval processes
• Customizable EMI options
  Additionally, Ecofy’s Loan & EMI Monitoring App ensures customers can conveniently manage their repayment schedules.

Leadership Speaks: Driving Sustainable Mobility
Kunal Arya, Co-Founder and Managing Director of ZELIO E Mobility, expressed,

“Our partnership with Ecofy directly addresses the need for affordable financing, paving the way for seamless adoption of eco-friendly transportation solutions.”

Rajashree Nambiar, Co-Founder, Managing Director & CEO of Ecofy, added,

“We are proud to join hands with ZELIO E Mobility to promote sustainable living and green technologies by making EVs more affordable for Indian consumers.”

Empowering Dealers and Customers with Specialized Support
ZELIO E Mobility is dedicated to equipping dealers with the necessary tools and training for promoting Ecofy’s financing options. Key initiatives include:

• Training programs to simplify the loan application process
• Digital tools, including QR codes for instant access
• Marketing materials like brochures and posters to highlight financial and environmental benefits

Exclusive Promotions to Boost EV Adoption
Special promotions under the Ecofy financing scheme include:

• Lower interest rates
• Extended loan tenures
• Waived processing fees

These incentives encourage customers to transition to sustainable mobility solutions.

ZELIO’s Growing Market Presence
With over 200,000 satisfied riders and 273 dealerships nationwide, ZELIO aims to expand its network to 400 locations by March 2025, reinforcing its position as a leader in the EV two-wheeler market.

About ZELIO E Mobility

Founded in 2021, ZELIO E Mobility Ltd. is a 100% Indian electric two-wheeler manufacturing company. With a focus on innovation, ZELIO offers stylish, powerful, and fuel-efficient e-scooters designed for sustainability and user convenience.

About Ecofy

Ecofy, India’s first green-only NBFC, specializes in financing eco-friendly products and services. Backed by Eversource Capital, Ecofy is a pioneer in sustainable finance, operating across 14+ states and 250+ cities.

For more details, visit: www.ecofy.co.in

By integrating Ziptrrip’s AI-powered travel and expense management solutions into PeopleStrong’s HRMS platform, the partnership empowers HR and finance leaders with real-time visibility, streamlined workflows, and actionable insights. Data from corporate travel and expenses will flow seamlessly between the two platforms, allowing HR teams to efficiently track, approve, and analyze travel-related costs in real-time, significantly simplifying the overall workflow. Together, Ziptrrip and PeopleStrong are setting a new benchmark for managing corporate travel, fostering a unified and tech-enabled approach that delivers greater value to businesses and employees alike.

Shan Prabhakaran, Co-founder and CEO of Ziptrrip, shared his thoughts on the partnership, stating, “At Ziptrrip, we are committed to transforming the way companies manage travel and expenses, and this partnership with PeopleStrong reinforces that commitment. Combining Ziptrrip’s travel management tools with PeopleStrong’s HRMS platform offers a comprehensive solution that enhances efficiency and visibility into travel expenditures.

Beyond being a standalone product, the Ziptrrip integration will provide PeopleStrong users with a specialized, powerful solution. Travel and expense management will be directly linked to HRMS modules, resulting in enhanced functionality and greater control over expenses. Companies will benefit from automated expense tracking, real-time approvals, and detailed analytics—all within the PeopleStrong HR Tech 4.0 platform, which means more efficient management of corporate travel for businesses of any size.

Prakash Rao, President – Customer Success, PeopleStrong emphasized the value of the integration, noting, ” At PeopleStrong, our mission has always been to simplify work life through innovative HR technology. Corporate travel and expense management is often a significant administrative challenge for organizations, and by integrating Ziptrrip’s advanced capabilities into our HRMS platform, we are equipping our customers with a powerful solution to streamline these processes. This collaboration not only reduces the complexity of tracking and managing travel expenses but also provides deeper financial visibility and compliance. We are excited about how this integration will help businesses optimize their travel operations while enabling HR and finance teams to focus on more strategic initiatives.”

In addition to this partnership with PeopleStrong, Ziptrrip continues to expand its ecosystem. The company has already forged collaborations with experience package creators, offering corporate team engagement activities and personal leisure travel packages for employees through its platform. Moving forward, Ziptrrip is exploring potential partnerships with fintech companies to further enhance its corporate payment solutions, offering streamlined financial management for businesses and unlocking new market opportunities for fintech partners.

This transformative partnership between Ziptrrip and PeopleStrong revolutionizes corporate travel and expense management by seamlessly integrating cutting-edge solutions into PeopleStrong’s HRMS ecosystem. As corporate travel demand surges, this collaboration empowers PeopleStrong to deliver unparalleled value to its customers, optimizing operations and catalyzing new avenues for innovation and growth within the HR and finance landscape

About Ziptrrip:

Ziptrrip is a corporate travel startup dedicated to optimizing travel costs and time for companies while revolutionizing the travel booking experience through digitization. The platform enables corporations to automate travel bookings, streamline the approval process, and implement dynamic travel policies using intelligent algorithms. By eliminating reliance on traditional travel agents, Ziptrrip offers zero markup, best-in-industry pricing, and access to corporate fares with minimal cancellation fees, along with a suite of other benefits. Leveraging advanced technology and AI, Ziptrrip analyzes customer travel patterns and policy compliance to deliver the most valuable fares through a meta-supply backend. Available across four access modes—web platform, mobile web, Android app, and iOS app—Ziptrrip ensures seamless and efficient travel management for modern businesses. For more information, visit Ziptrrip’s website and follow on LinkedIn and Facebook.

About PeopleStrong:

PeopleStrong is Asia Pacific’s leading, and the most comprehensive Human Capital Management SaaS platform. The HR technology company focuses on delivering a unique employee experience, data-driven decision-making, and agility for businesses.

Voted as a Great Place to Work, PeopleStrong has simplified worklife at over 500+ large enterprises across the emerging economies of Asia Pacific, empowering the lives of 2 million+ employees with a mobile-first, AI and ML-powered talent operating system. Their tech capabilities span across the employee lifecycle from hire to exit, including Human Capital Management, Payroll, Talent Acquisition & Management, and Collaboration.

PeopleStrong is rated among the Top 5 in the Asia Pacific at Gartner’s Peer Insights and voted as Customers’ Choice of HR Tech in the Gartner ‘Voice of Customer’ Report for 1000+ employee enterprises for 3 consecutive years (2022, 2023 & 2024). It is also awarded as the Solution Provider of the Year by Economic Times Human Capital Awards.

With the theme, “India’s Insurance Vision: Challenges and Way Forward,” ASSOCHAM’s 16th Global Insurance Summit & Awards brought together industry leaders, policymakers, and innovators to discuss the future of the insurance sector in India. By highlighting critical areas such as customer-centric digital transformation, sustainable growth, and emerging risks and accessibility for wider insurance penetration the summit shed light on the journey towards achieving the IRDAI’s ambitious goal of “Insurance for All” by 2047.

Mr. Amit Agarwal, CEO of Howden Insurance, expressed his gratitude while receiving the award and reasserted the Howden’s vision to keep contributing to the sector and mentioned “We are deeply honoured to win the Insurance Broker of the Year award at such a prestigious platform. With over two decades of presence in India, this acknowledgment reaffirms our commitment to delivering innovative and specialized solutions that address the evolving needs of our clients. This achievement would not be possible without the trust of our clients, the relentless dedication of our people, and the unwavering support of our valued stakeholders. We are truly humbled and delighted by this recognition, which serves as both a moment of pride and a reminder of the responsibility we carry. We remain committed to continually raising the bar and making meaningful contributions to the growth of the Indian insurance landscape.”

As the Indian Insurance industry is undergoing rapid transformation, Howden will strive to continue to work cohesively with the public and private entities in the insurance sector to offer accessible and user-friendly environment for all the stakeholders.

About Howden:

 Howden is a leading global insurance intermediary group with employee ownership at its heart. Founded in 1994, it provides insurance, reinsurance and underwriting services and solutions to clients ranging from private individuals to the largest multinational companies.

The Group operates in 55 countries in Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employs 19,000 people and manages premiums totalling USD 42 billion on behalf of its clients.

Further information can be found at www.howdengroup.com and www.howdengroupholdings.com.

Crown Basmati Rice is renowned for its long, fragrant grains and superior quality, making it a household staple and a preferred choice for special occasions. With its availability on leading quick-commerce platforms, customers can now enjoy the convenience of receiving premium-quality rice delivery directly to their doorstep in a couple of minutes. All variants of Crown Basmati Rice are already available on Amazon and Flipkart and now expanded in the category of quick commerce platforms, receiving their orders instantly to create culinary masterpieces.

Commenting on this milestone, Mr. Vikram Marwaha, Joint Managing Director, DRRK Foods, stated, “We are excited to bring Crown Basmati Rice closer to our customers through Zepto, Blinkit, and Swiggy Instamart. This partnership reflects our commitment to providing premium-quality basmati rice with the convenience that today’s fast-paced lifestyles demand. With this expansion, we’re ensuring that authentic taste and quality are always within reach.

The rise of quick-commerce platforms has transformed the way consumers shop, placing a premium on speed and convenience. By collaborating with leading platforms, Crown Basmati Rice is poised to meet this growing demand while upholding its promise of delivering excellence in every grain.

About Crown Rice

Crown Rice, a flagship brand of DRRK Foods, is renowned for its commitment to quality and innovation in the basmati rice industry. With a focus on delivering premium products, Crown Rice is catering to both retail segments and the HORECA (Hotel, Restaurant, and Catering) sector while bringing Indian grain to an international audience.

The conference will feature esteemed leaders from NAREDCO, including Mr. G Hari Babu, National President; Dr. Niranjan Hiranandani, Chairman of Hiranandani Group and NAREDCO; and Mr. Rajan Bandelkar, Vice Chairman of NAREDCO, Mr. Parveen Jain, Chairman Emeritus. Together with policymakers, industry experts, and global visionaries, they will lead discussions on the transformative potential of cross-border collaborations to redefine urban development and sustainable growth.

The conference will feature a series of insightful panel discussions, including “Advances in Construction Technology – Quality & Sustainability,” which will explore innovations in sustainable building materials, digitalization in construction, and the role of quality workmanship in ensuring long-term durability. The “Bridging Boundaries: Harnessing UAE’s RERA Strengths for India’s Real Estate Future” panel will focus on regulatory frameworks, market transparency, and consumer protection, offering insights into best practices from both India and the UAE. Another panel, “Innovation in Urban Development: Effective Town Planning and Clearances,” will address the role of innovative town planning and single-window clearance systems in accelerating sustainable urban growth. Additionally, the presentation on “Rise of A.I. and the Future of Real Estate Regulation” will highlight the growing impact of artificial intelligence on real estate regulations and industry practices.

In addition to the panel discussions, the conference will feature fireside chats such as “Scaling with Impact: Knest’s Journey from Startup to Industry Giant,” which will offer insights into the challenges and strategies for scaling a real estate business. The “Exploring Real Estate Opportunities” fireside chat will explore investment landscapes and emerging trends in India’s real estate market, focusing on strategic growth and cross-border investment opportunities.

The Abu Dhabi Real Estate Conference will spotlight the future of real estate with a focus on innovation, sustainability, and investment opportunities. It will serve as a key platform for networking, collaboration, and exploring growth opportunities in both the Indian and UAE real estate markets.

Dubai, UAE – November 20, 2024: ANAX Developments, a subsidiary of ANAX Holding, launched its second project, Evora Residences, at a first-of-its-kind gala unveiling event at the Jumeirah Beach Hotel, in the presence of VIP guests, stakeholders and media representatives. This was a historic property launch that left the real estate community wowed with its showcase of a life-size apartment ready for viewing built at the event venue, against the backdrop of the iconic Burj Al Arab. Inspired by the many firsts of Dubai, known for its ‘wow’ factor, this launch was planned as a larger than life showcase of ANAX Developments’ commitment to the real estate community. An exact replica of the Evora Residences sales gallery at Aspin Commercial Tower, was built within 24-hours on site to bring to the viewers, investors and brokers a glimpse of the quality by unveiling a real feel of the project in front of a huge audience.

Designed as a tranquil retreat that embodies an urban lifestyle while providing excellent connectivity to the city, the Evora Residences are scheduled for completion in Q3 2026. Evora Residences will be located within the rapidly growing, lush green expanse of Al Furjan, minutes away from Dubai’s renowned recreational landmarks, including Legoland, IMG Worlds of Adventure, and Ibn Battuta Mall, among others. The tower features 10 residential floors and offers a range of one, two, and three-bedroom apartments; each one featuring spacious balconies with a fusion of modern elegance and contemporary design throughout its layout. Evora Residences will offer an end-user focused 30/70 payment plan with prices starting at AED 1,068,777 for one-bedroom apartments.

The thoughtfully designed apartment tower embodies the ANAX Developments ethos of “Live Large”, embracing a life of impact and abundance. The philosophy is extended to creating spaces with purpose—designed for residents to live well, enjoy robust investments, and expansive amenities. Evora Residence also ensures that sustainability is a key feature amidst the modern comforts and serene living, with solar panels to support energy consumption, and the highest standards of Smart Home Automation. Residents will enjoy amenities designed to elevate their living experience. Each apartment is equipped with top-of-the-range fittings like Bosch kitchen appliances, and sanitary ware by TEKA. The development beautifully integrates lush greenery with urban panoramas within the vibrant Al Furjan community. Residents will benefit from an extensive network of modern amenities, including retail hubs, adventure parks, fitness clubs, a well paved jogging track around the residences and other recreational areas, ensuring a harmonious lifestyle.

Mr. Satish Sanpal, Chairman of ANAX Holding, commented: “Upholding our philosophy, our vision is to create spaces which allow residents to live large, create impact and where one truly feels at home. With Evora Residences, given its location in the family-friendly Al Furjan community, our priority was to combine urban living and peaceful surroundings. We have strived to capture this essence throughout our design process, a philosophy that will continue to dominate across all our future projects as we continue to build with ANAX Developments and bring more than 2,000 homes to the market in the next twelve months.” With a pipeline of upcoming projects, ANAX Developments has planned to bring in a cumulative project value of USD$ 1 Billion to the market in the next year.

Commenting on the launch, Mr. Ravi Bhirani, Managing Director of ANAX Developments added: “This project, along with our upcoming developments in Meydan, and Dubai Islands reinforces our commitment to enhancing Dubai’s residential landscape with elevated living across each of our new ventures. We strive to cater to a diverse audience at various price points ensuring that exceptional residential experiences are accessible to a broad spectrum of investors and home buyers.

“With Al Furjan being an emerging and highly desirable destination for families seeking a peaceful environment with green spaces and modern amenities, along with a promising ROI, launching a project here was a strategic decision to steer our efforts towards our goals,” added Mr. Bhirani.

Conveniently located, Evora Residences is well-connected by two Metro Stations and offers easy access to Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road. The development’s location in Al Furjan ensures proximity to Dubai’s premier leisure and retail destinations, bringing comfort and convenience closer to home.

ANAX Holding:

ANAX Holding is a leading investment firm that specializes in managing a diverse portfolio of strategic businesses across multiple industries such as real estate, technology and hospitality. With a strong focus on delivering sustainable and long-term value, ANAX Holding aims to create exceptional investment opportunities and drive a positive impact in the markets it operates in.

Through our diversified portfolio of investments, ANAX Holding actively engages in the development and management of companies that align with our core values of innovation, integrity and social responsibility. We believe in making a positive difference in the communities we operate in by supporting initiatives that promote economic growth, philanthropy and social well-being.

Born from a desire to drive growth and innovation, ANAX Holding is led by Chairman Mr. Satish Sanpal, and is currently comprised of ANAX Developments, and ANAX Hospitality.

ANAX Developments:

Anchored in a strategic investment approach, ANAX Developments is a dynamic and highly innovative real estate and development company with a strong commitment to revolutionizing urban living. With a motto to deliver Larger Than Life, the company aims to design spaces that go beyond the conventional with top-notch modern, innovative design; our homes are not just places to live but sanctuaries of comfort and inspiration. With a focus on excellence, community, and sustainability, we aspire to enhance lives, foster deeper connections to places and people, and make a lasting impact on the destinations we call home. With excellence and innovation at the heart of what we do, we strive to redefine the future of real estate, setting unprecedented standards for contemporary living. Our commitment to delivering groundbreaking living solutions, implementing sustainable practices, ensuring highest quality standards, and fostering a strong sense of community are the core values that make us distinct. Expanding into Dubai and beyond, our vision is to craft lasting legacies, embodying the perfect fusion of luxury, convenience, and a strong sense of belonging wherever we operate.

DELHI NCR, NOVEMBER. 14, 2024 – India’s senior population—defined as individuals aged sixty and above— is poised to more than double, from 156.7 million in 2024 to an astounding 346 million by 2050. This demographic shift will make India home to the world’s second-largest elderly population, presenting both significant challenges and immense opportunities. The most pressing of these opportunities lies in improving the quality of life and well-being for this growing segment of society. In response to this, The Association of Senior Living India (ASLI) is set to host a landmark event that could reshape India’s emerging senior care industry, often referred to as the “Silver Economy.” The 5th ASLI Ageing Fest, scheduled for December 6, 2024, in Bangalore, will explore the critical question: Is India’s senior care sector ready for take-off?”

“With the senior population in India projected to surpass 300 million by 2050, making up nearly 20% of the total population, the demand for comprehensive senior CARE solutions is set to increase dramatically. Presently only 5% of India’s elderly have access to institutional care, and over half live without social security. With a significant gap in geriatric healthcare services as well — less than 0.7 hospital beds per 1,000 elderly — it is imperative that we build inclusive, accessible, and sustainable senior care models. Wellness and Healthcare should be a key focus, integrated seamlessly with housing solutions that prioritize safety, comfort, and community support. Social integration must be emphasized to combat isolation and foster well-being and connectedness among the elderly. By doing so, India can build a framework that not only meets the needs of its aging population but also enriches their quality of life, making their golden years joyful,” said Mr. Rajit Mehta, Chairman, ASLI and MD & CEO, Antara Senior Care.

In recent years, India’s senior care sector has undergone a dramatic transformation. It has evolved from a nascent industry into a dynamic field, offering tailored solutions to meet the diverse and ever-changing needs of its elderly population. This transformation is taking place at a crucial moment in the country’s demographic shift. To highlight the vast potential of this rapidly expanding market, ASLI has partnered with JLL to unveil a comprehensive report on senior living. The inaugural report, “Elevating the Golden Years: Senior Living Opportunities in India’s Evolving Market,” launched at today’s curtain-raiser event for the 5th ASLI Ageing Fest. The report’s first instalment focuses on the burgeoning independent living market and provides critical insights for investors, developers, and policymakers navigating this exciting sector. As India stands on the brink of a senior care revolution, the need for innovative, scalable solutions has never been more urgent. The 5th ASLI Ageing Fest marks a pivotal moment in the growth of India’s senior care industry, offering a platform to explore new opportunities, exchange ideas, and lay the foundation for a future that ensures dignity, care, and fulfilment for the elderly.

“The Longitudinal Ageing Study of India (LASI) reveals that 26.7% of urban elderly live either alone, with only their spouse, or with people other than their spouses or children, highlighting the pressing need for specialized senior living solutions. This trend is especially significant given the rising number of single seniors, particularly women, who have longer life expectancy, and a shift in societal attitudes toward more independent living arrangements. As awareness and acceptance of senior living solutions rises, this sector which is currently at just 1.3% market penetration presents an unprecedented opportunity for developers and investors alike to build quality-driven solutions. As per JLL-ASLI report a compound annual growth rate of approximately 27% is projected, which presents a unique opportunity for India to develop a robust, compassionate senior care ecosystem that not only meets the evolving needs of its elderly population but also fosters sustainable, long-term industry growth” said Mr. Ankur Gupta, Co-Founder, ASLI and Joint Managing Director, Ashiana Housing.

This evolving market offers a diverse range of housing solutions and services tailored for individuals in this population bracket, focusing on fostering independence, social interaction, and ease of living. The care spectrum encompasses diverse options, from independent living communities to assisted living facilities, specialized memory care units for those with cognitive challenges, and comprehensive Continuing Care Retirement Communities (CCRCs). This comprehensive approach enables seniors to seamlessly adjust their level of support as their requirements evolve, ensuring they can age gracefully in a supportive setting.

Senior population in India set to more than double by 2050.

The global demographic landscape is undergoing a significant shift, with the elderly population experiencing unprecedented growth. India, celebrated for its youthful demographic, is no exception to this phenomenon of population ageing. As of 2024, India’s over-60 population stands at a staggering 156.7 million – the world’s second-largest elderly cohort – despite comprising only 11% of the nation’s total populace. This number is projected to skyrocket, more than doubling to an estimated 346 million by 2050. As India navigates this unprecedented transition, the country stands poised to become a global leader in senior living solutions, potentially setting new standards for aging populations worldwide.

More than 20,000 senior living units established nationwide

In a testament to its burgeoning potential, India’s senior living sector has witnessed a remarkable surge over the past decade, with more than 20,000 specialized units now established across the nation. This milestone marks a pivotal moment in the country’s approach to senior care and real estate development.

The landscape is dominated by independent living facilities, which make up an impressive 85% of the total inventory, reflecting the growing demand for autonomy among India’s senior citizens. Recognizing the potential in this niche market, senior living developers and operators are now consistently expanding their portfolios with an array of senior-friendly housing options, tailored to meet the diverse requirements of India’s ageing population.

Southern India leads senior living revolution with 60% market share

In a testament to regional demographic shifts, Southern India has emerged as the epicentre of the country’s senior living boom, commanding an impressive 60% of the national market share. The southern states, long at the forefront of India’s development trajectory, are experiencing accelerated population aging due to sustained lower fertility and mortality rates. Secondly, these regions are home to a larger proportion of parents whose children are Non-Resident Indians (NRIs). These demographic and cultural factors have cultivated a fertile ground for the senior living sector to flourish.

Potential demand of 2.3 million senior living units by 2030

India’s senior living market stands on the cusp of a revolution, with its current 1.3% penetration rate revealing a vast, untapped potential. This figure pales in comparison to mature markets like the United States and Australia, where penetration rates soar beyond 6%, highlighting an immense opportunity for growth and innovation in India.

“India’s senior living sector is on the cusp of a revolution. By 2030, we are looking at a target market of 2.3 million households, up from 1.57 million in 2024. This is not just about numbers; it is about a new generation of seniors who are redefining retirement. They are independent, financially secure, globally aware, and socially active. We are forecasting a doubling of senior living inventory in just six years, with market penetration jumping from 1.3% to 2.5%. But here is the kicker – even this dramatic growth will not meet the surging demand. This gap is not just a challenge; it is a golden opportunity for long-term growth in this vibrant, emerging sector,” said Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL

The next big investment frontier with the potential for significant returns

 “India’s senior living market is at a transformative juncture, presenting a landscape ripe with opportunity. With a current penetration rate of just 1.3%, compared to over 6% in mature markets like the United States and Australia, we are witnessing the dawn of a new era in senior care led real estate development. This rapid expansion is underscored by the establishment of over 20,000 specialized units across the nation in the past decade, marking a significant shift in India’s approach to elder care. Despite over USD 40 million in institutional investments in the last two years, the market remains in its nascent stages. The sector’s current developmental phase, characterized by regulatory, operational, and awareness challenges, only enhances its appeal to strategic investors looking for high-growth potential. The coming years will see innovative solutions, increased investment, and a fundamental reimagining of senior living in India,” said Karan Singh Sodi, Senior Managing Director – Mumbai MMR & Gujarat, and Head – Alternatives, India, JLL

Today’s senior citizens, unlike previous generations, seek to redefine retirement and senior living, opting for fulfilling lifestyles that align with their personal aspirations. This evolving landscape offers a promising investment frontier, particularly in markets like India where the supply of senior living facilities significantly lags the growing demand. The substantial gap between current offerings and market needs creates an attractive entry point for investors. By developing innovative senior living communities, investors can not only address this unmet demand but also potentially realize significant returns in this expanding market segment.

As this evolution progresses, the Indian senior living market is anticipated to approach penetration levels similar to those observed in more established markets globally, reflecting a transformative period in India’s eldercare landscape. India’s demographic shift presents complex challenges that require innovative solutions for a sustainable and inclusive future across all generations. This transition demands forward-thinking policies, upgraded infrastructure, and strategic long-term planning. India’s senior living sector is not just an investment opportunity – it is a chance to be at the forefront of a social and economic revolution.

*Senior living stock refers to the total inventory of housing units available for older adults

This fund made crorepatis

One of the largest multi asset allocation funds in the country, ICICI Prudential Multi Asset Fund has left no stone unturned in making investors millionaires. According to the data, if an investor had invested Rs 10 lakh in ICICI Prudential Multi Asset Fund 22 years ago, then today its value would have become Rs 7.26 crore. According to the data compiled by Arthlabh, during the same period, the same amount has become only Rs 3.36 crore in its benchmark i.e. Nifty 200 TRI. The data shows that an investment of Rs 10 lakh made in ICICI Prudential Multi Asset Fund on October 31, 2002 has given a return of 21.58 percent compounded annually till September 30 this year. The return of the same investment in the benchmark Nifty 200 TRI has been only 17.39 percent.

SIP has benefited so much

If we talk about SIP, here also this fund has given good returns to the investors. If the investor would have invested Rs 10,000 every month in this fund, then its value would have become Rs 2.9 crore in 22 years. Whereas the actual investment is only Rs 26.4 lakh. This means that the fund has given investors a return at a CAGR of 18.37 per cent. In the scheme’s benchmark, the same investment has given a return of 14.68 per cent annually. According to the data compiled by Arthlabh, the asset under management (AUM) of ICICI Prudential Multi Asset Fund has been Rs 59,495 crore. That is, this fund house has about 48 per cent of the AUM of the total multi asset allocation in the industry. This means that investors have trusted this scheme fiercely.

What are the experts saying

Nimesh Shah, MD and CEO of ICICI Prudential AMC, says, the fund’s wealth creation journey is a strong proof of the power of disciplined asset allocation across different asset classes. This approach has benefited our investors with profitable investment results in the long term. At ICICI Prudential Mutual Fund, we rely on the expertise of a dedicated team comprising fund managers from equity, debt and commodities. S Naren, Chief Investment Officer, Fund House, says that over the past decade and beyond, the performance of different asset classes has shown that the top performing stocks often change from year to year. In this dynamic environment, spreading your investments across different asset classes is an effective way to capitalise on unique opportunities.