Haryana Policy Change Drives Developer Interest in Senior Living Projects

by- Zaid
Apr 25, 2026

Multiple developers are exploring senior living projects in Gurgaon, Faridabad, Panchkula, and other key markets in Haryana after the state cabinet amended the retirement housing policy to allow an increase in permissible Floor Area Ratio to 3 through Transferable Development Rights.

New Delhi, April 25: The move enables developers to build additional units, improving project viability.

Developer Reactions

Rishabh Periwal, Senior Vice President, Pioneer Urban Land & Infrastructure Ltd: "This amendment comes at an opportune time. In Gurugram, we have been witnessing a clear shift, with more families actively considering senior living – not as a fallback, but as a conscious and planned choice. The increase in permissible FAR provides developers with greater flexibility to design and deliver more integrated communities."

Anil Godara, Founder and Managing Director, J Estates: "The increased FAR will make the land use more efficient, which will enable developers to incorporate essential amenities, including healthcare and recreational facilities, in the same project."

Key Players Entering the Segment

Kreeva (Kanodia Group): 3-acre multi-generational project, ₹350-400 crore investment, ~200 residences
DLF Ltd: 500,000 sq ft in Gurugram, ₹2,000 crore revenue potential (advanced planning stage)
Other developers: Hiranandani, GMR, Prestige, JK Urbanscapes, Stonecraft

Market Potential

India's 60+ population: 150+ million (11% of total) – expected to double to 347 million (21%) by 2050 (UNFPA)
Sector deals (last 18 months): Nearly 20 deals (investment sizes exceeding ₹100 crore)
Premium senior living occupancy: 80-85%
Penetration rate in India: 1.3% (vs US/Australia ~6%) – significant untapped potential