New Delhi, Oct. 18 -- Seeking a house for aged parents to settle after retirement? Tier 2 cities and spiritual hubs such as Kochi, Nashik, Varanasi and Haridwar are gaining popularity due to average home prices below Rs.70 lakh (multiple reports) and improving healthcare options.

According to a report by integrated real estate platform Square Yards, with India's senior housing market estimated at $4.31 billion in 2026 and set to reach $11.43 billion by 2031, wellness and affordability are set to reshape senior living choices.

"India is observing the emergence of a multi-billion-dollar asset class driven by a generation of seniors, seeking not only assistance but also autonomy, specialised wellness and a high quality of life," said Tanuj...