India, March 8 -- India's senior population is expected to more than double from 157 million in 2024 to 346 million by 2050, accounting for over 20.6% of the country's total population. This demographic shift highlights the urgent need for a more structured and inclusive approach to senior living-moving beyond traditional care homes, according to a report launched by CREDAI-KPMG at the two-day New India Summit in Nashik, Maharashtra.

The report outlined key policy recommendations, including tax incentives for developers, property tax rebates for senior citizens, and rental housing schemes modelled on the Pradhan Mantri Awas Yojana (PMAY) to address the rising demand for senior housing.Also's why south Indian cities such as Bengaluru, Che...