New Delhi, March 23 -- Senior housing segment within the real estate sector which has long struggled to gain mainstream acceptance is now gradually becoming more viable, presenting an opportunity for comapnies, according to a report by GRI Club.

"Senior housing is another niche segment that has long struggled to gain mainstream acceptance but is now gradually becoming more viable," the GRI club said, which connects real estate leaders across the globe.

The report says that urbanisation is changing India's cultural emphasis on multigenerational living which limits the demand for dedicated senior communities.

However, the report highlights that the operational intensity and long-term service management requirements make it a difficult se...