India’s elderly population is expanding, making Goa an increasingly attractive destination for retirees looking for a comfortable and meaningful lifestyle, indicate recent reports, suggesting that the beautiful beaches and vibrant culture of this coastal state has made it a top pick among older people who want to spend their golden years in peace and support.
There is a dramatic shift in the demographics of India. Almost 20% of the population will be over 60 years old by 2050. As a result, there has been an increased demand for specialist retirement homes.
According to Colliers India research, between now and 2030, the senior living market in India will grow five times to reach an impressive $12 billion. Currently, there is need for eighteen to twenty lakh senior housing units with expectations of substantial growth soon after. This presents huge opportunities for real estate developers and investors who can provide ideal spaces tailored to the needs of seniors.
Goa’s appeal as a retirement destination extends beyond its renowned beaches and laid-back lifestyle. Several factors make it an ideal location for seniors. The state’s tropical climate, characterized by pleasant sea breezes, is particularly well-suited for retirees. Goa’s natural beauty and clean air contribute to an excellent quality of life.
The state is home to several reputable hospitals and medical facilities that cater specifically to older adults. With its low crime rates and strong sense of community, Goa provides a safe and welcoming environment for seniors. Additionally, the state offers a range of recreational activities, from cultural festivals to nature walks, keeping retirees active and engaged. The slower pace of life in Goa is perfect for those seeking a peaceful retreat from bustling city life.
In response to this growing demand, Manasum Senior Living has invested in specialized senior living projects in Goa. Named as IKIGAI Gao, the project offers boasts of a plethora of amenities spread across a sprawling 7.5-acre community, including a 35,000 sq. ft exclusive clubhouse catering to senior living residents. Among the highlights are a Health Wellness Center with round-the-clock nursing services, physiotherapy center, a variety of amenities such as swimming pool, gym, karaoke bar, badminton court, tennis court, salon, convenience store, a 42-seater theatre for entertainment and a lot more.
Anantharam Varayur , co –founder of Manasum Senior Living, pointed out that this setup allows residents to enjoy their privacy while having access to communal spaces for social interaction and activities. These facilities are designed to address seniors’ physical, emotional, and social needs, promoting overall well-being in retirement.
Goa’s rise as a senior living destination is part of a broader trend seen across India. Tier II cities and spiritually significant locations are also gaining popularity for retirement projects. Cities like Coimbatore, Kochi, and Panaji, along with pilgrimage sites such as Vrindavan and Ayodhya, are becoming sought-after locations for senior living. This trend is not only reshaping the real estate market but also creating new economic opportunities. The growth of senior living communities in Goa is expected to benefit local businesses, generate jobs in healthcare and hospitality, and contribute to the state’s economic development.
The Indian government is also playing a key role in supporting the expanding senior population. Initiatives such as the Atal Vayo Abhyuday Yojana (AVYAY) aim to foster a society where seniors can live healthy, happy, and dignified lives. With over INR 530 crore allocated for senior citizens’ welfare, including targeted investments in senior living projects, the government is significantly influencing the future of retirement living in India, added Varayur.
As Goa continues to develop its senior living sector, it is likely to become a model for age-friendly communities throughout the country. The blend of natural beauty, high-quality healthcare, and specialized living options makes Goa an appealing choice for retirees from various backgrounds. For those considering retirement, Goa offers a promising combination of comfort, care, and coastal charm.
As one retiree put it, “Moving to Goa was the best decision we made. We have the peace and beauty of nature, along with all the care and amenities we need. It truly feels like paradise.”
As more seniors look for retirement options, Goa is becoming a top choice. It is not just about finding a home; it is about creating a place where seniors can live well and stay active. With India set to add 1.5 million new senior living facilities in the next decade due to a growing elderly population, Goa is set to benefit. Developers are investing in new projects and improving services, making Goa a great place for retirees to enjoy their later years.