Dosti Realty Launches Rs. 150 Cr Senior Living Project in Thane

Mumbai-based real estate developer Dosti Realty has announced its first senior living housing project, Dosti Primus, in Thane, near Mumbai, with an investment of around ₹150 crore and an expected revenue potential of ₹255–260 crore.

The project is part of Dosti Realty’s 105-acre integrated township, Dosti West County, located in Balkum, Thane, and spans 1.85 acres dedicated to senior living.

In partnership with Primus Senior Living, Dosti Primus will offer spacious 2 BHK and 3 BHK apartments, priced from ₹1.82 crore and ₹2.28 crore respectively.

Key Highlights

• Dosti Realty invests ₹150 Cr in first senior living project in Thane
• Dosti Primus offers 2 & 3 BHK apartments with modern senior-friendly facilities
• Project revenue potential estimated at ₹255–260 Cr under Maharashtra housing incentives

Following existing state norms, senior living homes are categorized as residential properties, with buyers liable to standard residential taxes including GST, stamp duty, and registration charges.

Also Read: Brigade Group Partners with Primus Senior Living for New Communities

The Maharashtra Government Housing Policy 2025 proposes reduced stamp duty of ₹1,000 and additional incentives for senior living developers.

The design of Dosti Primus prioritizes safety, accessibility, and dignity. Residences feature wider doorways, anti-skid flooring, motion-sensor lighting, and grab rails to ensure mobility and reduce fall risks. Kitchens and bathrooms are designed for accessibility, while on-site medical facilities and hospital tie-ups ensure timely professional care. Physiotherapy rooms, structured therapy programs, and wellness initiatives such as senior-friendly yoga and water-based exercises will support physical resilience.

Anuj Goradia, director, Dosti Realty, said, “Senior living in India is entering a decisive phase. Today’s seniors are more aspirational, socially engaged and keen to live in environments that respect their independence while offering dependable support. With Dosti Primus, our endeavour is to create not just residences, but a purposeful community that fosters companionship, security and active ageing. We see this as a long-term commitment to redefining how senior citizens experience urban living.”

Also Read: India's Silver Economy Reshapes Senior Housing & Community Living

Community-focused programs aim to nurture emotional and social well-being, reflecting a holistic approach to senior living. The project aligns with growing demand for premium senior housing in Mumbai’s suburbs, offering a blend of comfort, safety, and modern amenities for older residents.

Statistics, Data, and Insights

Project Investment & Revenue:

• Investment: ₹150 crore
• Expected Revenue: ₹255–260 crore
• Land Area: 1.85 acres within a 105-acre township

Apartment Pricing & Specifications:

• 2 BHK: ₹1.82 crore onwards
• 3 BHK: ₹2.28 crore onwards
• Designed for senior accessibility: wide doorways, anti-skid floors, seamless balcony transitions

Policy Benefits:

• Maharashtra Housing Policy 2025 proposes stamp duty reduced to ₹1,000
• Relaxations for senior living developers to incentivize construction

Wellness & Medical Facilities:

• On-site medical center with hospital tie-ups
• Physiotherapy rooms and structured therapy programs
• Yoga sessions and water-based exercises for seniors

Industry Context & Demand:

• According to Knight Frank India, the senior living segment in India is expected to grow at 15–18% CAGR over the next five years, driven by rising life expectancy, nuclear family trends, and preference for independent senior housing.
• With Mumbai’s suburban senior living market gaining traction, premium projects like Dosti Primus cater to growing demand for well-designed, self-sufficient, and healthcare-integrated residences.
• Current market trends indicate buyers increasingly prefer 2–3 BHK homes with wellness facilities in suburban townships, offering both lifestyle and investment potential.