HomeLatestPrimus Senior Living Sells 120 Luxury Flats in Bengaluru for ₹180 Crore...

Primus Senior Living Sells 120 Luxury Flats in Bengaluru for ₹180 Crore Amid Strong Demand

Primus Senior Living Sells 120 Luxury Flats in Bengaluru for ₹180 Crore Amid Strong Demand

Primus Senior Living’s latest project, Primus Darpan, has met with overwhelming success, selling all 120 senior-friendly luxury flats in just two weeks for a total value of over ₹180 crore. The project, located on Kanakapura Road in South Bengaluru, caters specifically to the growing demand for homes designed for elderly individuals seeking independent, community-focused living.

These 120 premium flats, priced between ₹1.1 crore and ₹1.9 crore, are part of a 2.05-acre development, and the project is expected to be completed by 2027. The fast sales reflect a significant shift in the senior living market, where more elderly citizens are embracing modern, comfortable housing that offers safety, convenience, and a focus on well-being.

Adarsh Narahari, Founder and Managing Director of Primus Senior Living, highlighted the change in attitudes among seniors, stating, “The overwhelming response to Primus Darpan reflects a significant shift, as seniors increasingly embrace the concept of independent, community-focused living that prioritizes their lifestyle, well-being, and evolving needs.” Primus Senior Living’s success with Primus Darpan aligns with the growing trend of senior citizens opting for dedicated living spaces that promote community interaction and support. In addition to the Bengaluru project, the company plans to expand, with over 3,500 senior living homes slated for development in cities like Chennai, Mumbai, Pune, Hyderabad, and Kolkata by 2027. This rise in demand for senior living spaces comes amid a broader shift in lifestyle preferences, as older adults seek independence and enhanced quality of life in their later years. With Primus Darpan setting a new benchmark, Primus Senior Living is positioning itself to lead in this rapidly growing segment of the real estate market.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Aldars Group Expands Panvel Housing With 50 Acre Project

Aldars Group Expands Panvel Housing With 50 Acre Project

A 50-acre integrated residential development planned in Panvel is set to add to the growing wave of large-scale housing projects reshaping the outskirts of...
DLF Expands Mumbai Housing Presence Through New Residential Development

DLF Expands Mumbai Housing Presence Through New Residential Development

India's financial capital is witnessing renewed competition for residential development opportunities as one of the country's largest real estate companies expands its presence in...
Oberoi Realty Commits ₹268.50 Crore To Bandra East Urban Development

Oberoi Realty Commits ₹268.50 Crore To Bandra East Urban Development

One of Mumbai's most strategically located railway land parcels is set for a major transformation after plans emerged for a development programme involving an...
Prime Securities Targets ₹1000 Crore Real Estate Credit Fund

Prime Securities Targets ₹1000 Crore Real Estate Credit Fund

A new ₹1,000 crore real estate investment vehicle is set to channel fresh capital into India's property sector, highlighting the growing importance of private...
Manipal Health Leases 2.4 Lakh Sq Ft in Bengaluru With ₹837 Crore Rent Commitment

Manipal Health Leases 2.4 Lakh Sq Ft in Bengaluru With ₹837 Crore Rent Commitment

A significant healthcare real estate transaction in Bengaluru has underscored the growing role of medical infrastructure in shaping the city’s urban expansion. A leading...