Primus Senior Living Unveils ₹450 Crore Senior Living Project in Bengaluru
Primus Senior Living has partnered with Gopalan Enterprises to launch a ₹450 crore senior living project in Bengaluru, featuring two towers with 2BHK and 3BHK homes designed for individuals aged 55 and above.
The project, named Primus Olympia, is located within the 16-acre Gopalan Olympia Sports City township in South Bengaluru and is expected to accommodate over 300 senior families.
- Tower Features: 2BHK and 3BHK homes
- Location: Gopalan Olympia Sports City township, South Bengaluru
- Capacity: Accommodating over 300 senior families
The project is expected to be ready for possession within around six months, providing connectivity to the Namma Metro network through the nearby Challaghatta Metro Station, along with access to commercial and social infrastructure in South Bengaluru.
Located at Kumbalgodu off Mysore Road, the township offers easy access to various amenities and services.
Key Highlights:
- Immediate Possession: Homes are expected to be ready for possession within six months
- Connectivity: Access to Namma Metro network through Challaghatta Metro Station
- Amenities: Commercial and social infrastructure in South Bengaluru
“Ready-to-move senior living in India is extremely rare, as most supply comes with long delivery timelines, which delays decision-making for families. Combined with our shared belief in active ageing. something Gopalan embodies at 86, this partnership represents a new way of thinking about senior living: immediate, experience-led and purpose-driven,”
Adarsh Narahari, Founder and Managing Director, Primus Senior Living, said.
Partnership Details:
- Partners: Primus Senior Living and Gopalan Enterprises
- Project Name: Primus Olympia
- Project Value: ₹450 crore
Earlier, Primus Senior Living had partnered with Brigade Group to launch three senior living communities across Bengaluru and other South Indian markets, with a combined gross development value of around ₹750 crore.
Expansion Plans:
Primus Senior Living plans to invest over ₹2200 crore to develop 5 million sq ft of senior living homes in India within five years, marking a significant expansion of the company's senior living platform.
The project ticket size will be between ₹60 lakh and ₹3 crore, with homes priced between ₹1.5 and ₹3 crore in Mumbai, and between ₹70 lakh and ₹1.5 crore in southern cities.