Haryana's recent amendment to its retirement housing policy allows developers to increase the permissible floor area ratio (FAR) to 3 through transferable development rights (TDR). This change is expected to enhance the viability of senior living projects in key markets such as Gurgaon, Faridabad, and Panchkula. Rishabh Periwal, senior vice president at Pioneer Urban Land & Infrastructure Ltd, noted that families are increasingly viewing senior living as a deliberate choice rather than a fallback option. The policy change aims to create a structured pipeline of senior living projects, enabling developers to incorporate essential amenities like healthcare and recreational facilities. Notably, India's population aged 60 and above exceeds 150 million, projected to more than double to 347 million by 2050, highlighting the growing demand for such facilities. Major developers, including DLF Ltd and Kreeva, are investing significantly in this sector, with DLF targeting a 500,000 sq ft development in Gurgaon, potentially generating revenues of ₹2,000 crore (approximately $240 million USD). Despite premium facilities reporting occupancy rates of 80-85%, the sector's penetration rate remains low at 1.3%, indicating substantial growth potential.