Silicon Valley’s Senior Living Community Comes To Hyd
Priya Living setting up its largest India project in the city, spread across 3,200 sq yard with 124 units and over 100 employees
Arun Paul
Hyderabad: US-headquartered Priya Living, a senior living community development firm, has opened its presence in the South by setting up its largest intergenerational hub in the city. The senior living community, open to senior citizens as well as travellers, and professionals relocating to Hyderabad, is spread across 3,200 sq yd.
The boutique-styled community has 124 one BHK units spread across 348 sft to 495 sft and a two BHK suite of 820 sft. Senior citizens and travellers can book the room for a duration spanning from one night to one year. Priya Hyderabad, available for stay at a booking price of Rs 7,500 per night and at a base price of Rs 1.50 lakh per month, will be open to customers by the end of March.
Speaking to Bizz Buzz, Arun Paul, Founder, Priya Living, said: “We narrowed down on Hyderabad to set up our first senior living community in the South due to its vibrant business community, good infrastructure and the location of the space. This city has witnessed a demand for high-quality senior living communities as NRI’s or their parents flying down to Hyderabad from the US and other international countries is higher compared to other cities.” The Silicon Valley entrepreneur entered India with the opening of Priya Living Flower Valley in Delhi NCR region in 2023.
The senior living community was first set up in the US in 2013. The third community will be launched in Ahmedabad by June 2025. The Founder shared his plan to establish five Priya Living communities each in Chennai, Goa, Rishikesh, Varanasi and Baroda by the end of 2026.
“We have committed over $100 million to develop these senior living communities across India. We do not share individual investment figures for each community. But, what I can say is the capital invested in India is generated from the profits earned from our business in the US and the first community in Delhi NCR. We expect the Hyderabad community to be profitable within the next 12 months,” he added.
he further said, “The demand for senior living community in India is poised at $250 billion as the country has over 600 million of its population in the age group of above 50 years.” Paul also informed that Priya Living, in the next five years, will branch out to Dubai, UK, Canada, Australia, UAE and Singapore, depending upon the demand.
