Columbia Pacific to invest rs 200 crore, add senior  living projects 4 new cities 

Columbia Pacific Communities, a US senior living community operator, plans to invest more than Rs 200 crore to widen its presence in India by entering Pune, Hyderabad, Kottayam and Kochi. Each project will require an equity investment of Rs 50 crore. The company is currently not looking at fundraising. The company plans to start renting out senior living apartments for the first time in India. CPC plans to add 800-1,000 senior living homes every year, with a potential revenue of Rs 150 crore-200 crore per project. The company is also looking at land in Mumbai and tier-II cities such as Hosur near Bengaluru. The company plans to deliver 300 senior living units in FY25 and launch an additional 1,200 units. Senior living projects are apartments built for older people, with special facilities such as wheelchair-friendly doors, anti-skid flooring, and assistive care to deal with age-related issues. Such projects have come up across Bengaluru, Hyderabad, Chennai, and Coimbatore. While most properties have been via joint ventures with developers, CPC is exploring a new avenue - a fee-based model. The company said it has identified a plot in Bengaluru for its first rental project and an announcement is to be made after the general elections.

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