Primus Senior Living has partnered with Gopalan Enterprises to launch a ₹450 crore senior living project in Bengaluru, featuring two towers with 2BHK and 3BHK homes designed for individuals aged 55 and above, and expected to accommodate over 300 senior families, according to a statement issued on April 28.
The project, named Primus Olympia, is located within the 16-acre Gopalan Olympia Sports City township in South Bengaluru. Homes are expected to be ready for possession within around six months.
Located at Kumbalgodu off Mysore Road, the township offers to the Namma Metro network through the nearby Challaghatta Metro Station, along with access to commercial and social infrastructure in South Bengaluru.
Also Read:
“Ready-to-move senior living in India is extremely rare, as most supply comes with long delivery timelines, which delays decision-making for families. Combined with our shared belief in active ageing. something Gopalan embodies at 86, this partnership represents a new way of thinking about senior living: immediate, experience-led and purpose-driven,” Adarsh Narahari, Founder and Managing Director, Primus Senior Living, said.
“Gopalan Olympia has been envisioned as a future-ready, integrated township. Our partnership with allows us to extend that vision into senior living, an important and rapidly growing segment,” said Prabhakar, Director- Gopalan Enterprises
Earlier, Primus Senior Living had partnered with Brigade Group to launch three senior living communities across Bengaluru and other South Indian markets, with a combined gross development value of around ₹750 crore.
Also Read:
Two of the three upcoming communities will be integrated within larger township developments. The portfolio is expected to comprise over 600 units, marking a significant expansion of Brigade’s senior living platform, the company said.
Primus Senior Living plans to over ₹2200 crore to develop 5 million sq ft of senior living homes in India within five years, Narahari earlier told Hindustan Times Real Estate.
This will include 4500 homes in Bengaluru, Kolkata, Pune, Mumbai, Hyderabad, and Chennai. The project ticket size will be between ₹60 lakh and ₹3 crore. Mumbai will have homes priced between ₹1.5 and ₹3 crore, and southern cities will have homes priced between ₹70 lakh and ₹1.5 crore.