^{Note: Life Expectancy: Average age that members of a particular population group will live.}

Note:

1. Age Dependency Ratio: This demographic indicator gives insight into the number of people of non-working age (above 60 years), compared with the number of those of working age.
2. Life Expectancy: Average age that members of a particular population group will live.

Source: JLL Research and Analysis, UNFPA’s State of World Population 2023

Key highlights:

• The senior living market share within the overall population to increase from current 10% to 20% by 2050
• Age dependency ratio expected to reach ~34% by 2050
• Independent living units dominate existing supply with 84% market share
• 2 BHK units account for ~43% of senior living supply