Richville Infra announces senior-living project in Ludhiana

Richville Infra Private Limited has announced its entry into India’s senior-living market with Tirthankar Abode, a 5-acre residential development in Ludhiana, Punjab. The project will feature 100 units across two distinct towers: one dedicated to senior living and another focused on Non-Resident Indian (NRI) families, allowing both groups to reside within the same community.

The development is designed to provide healthcare, life-care services, insurance benefits, and app-enabled assistance. This move targets a senior-housing sector in India projected to exceed ₹1 lakh crore by 2030. Currently, India faces a significant supply gap, with approximately 25,000 organized senior-living homes against an estimated demand of 20 to 22 lakh units.

Industry projections suggest that 30 to 40 percent of upcoming senior-living launches will occur in Tier II and Tier III cities. Punjab is identified as a key market due to its above-average senior citizen population and the high number of families connected to the region through outward migration.