Dosti Realty has announced a ₹150 crore investment in its first senior living housing development in Thane, signalling a growing focus on purpose-built residential solutions for India’s ageing population. The project, located within the 105-acre Dosti West County township in Balkum, is being developed in partnership with a specialist senior living operator and aims to provide high-quality, accessible residences for older adults while generating anticipated revenue of around ₹255–260 crore.
Industry analysts note that senior living is emerging as a distinct segment in India’s urban residential market, driven by rising life expectancy, evolving social expectations, and the desire for communities that combine independence with professional care. Experts emphasise that Thane’s connectivity to Mumbai and planned social infrastructure within large townships make it a strategic location for such developments, offering residents both accessibility and a community-focused environment. The 1.85-acre development will feature thoughtfully designed 2 BHK and 3 BHK apartments with layouts tailored to mobility, safety, and accessibility needs. Wider doorways, anti-skid flooring, and accessible kitchens and bathrooms are being integrated to support residents with physical limitations. Common areas will host on-site medical facilities, physiotherapy rooms, and wellness programmes, including water-based exercises and senior-friendly yoga sessions, reflecting a broader trend of holistic, people-first urban housing.
Government policies are also shaping this market segment. Under Maharashtra’s 2025 housing policy, stamp duty for senior living projects has been proposed at a nominal ₹1,000, alongside incentives for developers constructing age-friendly housing. Market observers suggest that such regulatory support could accelerate adoption and investment, particularly in well-connected suburban townships like Thane. From a market perspective, developers entering the senior living space see long-term value in a segment less susceptible to speculative pressures. A senior official in urban housing noted that structured, amenity-rich projects in suburban nodes help cities optimise land use while catering to the demographic shift of an ageing urban population. By integrating healthcare, recreation, and social engagement, these projects can enhance both quality of life and community cohesion, aligning with sustainable and inclusive city planning principles.
As Mumbai’s wider real estate market faces high competition and land scarcity, purpose-built senior living developments offer both a differentiated product for investors and a socially relevant housing solution. Analysts suggest that the success of projects like this could encourage replication across other townships, establishing a blueprint for senior-focused urban living that balances independence, safety, and connectivity.
Dosti Realty Launches ₹150 Crore Senior Residences In Thane Township