New Delhi, 04 May, 2026: Manasum Senior Living, one of South India’s leading specialists in senior housing, today announced the launch of its latest residential project, Govardana in Mysuru. Developed in a joint venture with Foundations, the project spans 2.5 acres and represents a total investment of ₹100 crore.
Positioned as a premium senior living community, the development will feature 180 thoughtfully designed residences across three blocks, offering a mix of 1, 2, and 3 BHK units.
The project is expected to generate a total sales realization of approximately ₹130 crore. The land, valued at ₹20 crore, is being developed under an area-sharing joint venture model, with Foundations undertaking construction, while Manasum Senior Living will oversee operations, services, and long-term maintenance of the community.
The project is being launched at a price of ₹6,500 per sq. ft., with an introductory offer price of ₹6,099 per sq. ft. Construction is scheduled over a 2.5-year timeline.
Designed exclusively for individuals aged 55 and above, Govardana integrates residential comfort with healthcare, hospitality, and community living. The development is targeted at both end users and investors seeking exposure to India’s rapidly expanding senior living segment.
The launch comes at a time when India’s senior living sector is witnessing accelerated growth. According to the JLL–ASLI report, India’s senior living housing sector is projected to grow over 300% to reach USD 7.7 billion (₹64,500 crore) by 2030, highlighting the scale of opportunity in this segment. The report further notes that India’s senior population is expected to more than double from 156.7 million in 2024 to 346 million by 2050, reinforcing the long-term demand for organized senior living solutions. Additionally, with current market penetration at just 1.3%, compared to over 6% in mature markets like the United States and Australia, the sector presents significant untapped potential, as per the same report.
Speaking on the launch, Mr. Anantharam V Varayur, Co-Founder of Manasum Senior Living, said, “The launch of Foundations Manasum Govardana reflects our continued commitment to building communities that are designed specifically for the evolving needs of seniors. With increasing longevity and changing family structures, there is a growing demand for professionally managed, service-led senior living spaces. Mysuru is an ideal market for this segment, given its quality of life and strong cultural ecosystem. Through this project, we aim to combine design, healthcare, and hospitality to create a secure, engaging, and dignified living experience for our residents.”
Manasum Senior Living has consistently seen strong sales traction across its developments and expects to achieve approximately 50-unit sales within the first quarter of this launch.
Key highlights of the project include purpose-built senior-friendly infrastructure such as wheelchair-accessible spaces, wide corridors, ramps, grab rails, and advanced emergency response systems. The community will also feature a 12,000 sq. ft. clubhouse, swimming pool, and curated wellness and engagement programs.
In addition, the project will incorporate technology-enabled living solutions such as home automation, digital door locks, and fall detection systems, enhancing safety and ease of living for residents.
A comprehensive suite of services will be offered, including integrated healthcare support with para-medical assistance, 24/7 ambulance services, housekeeping, food and beverage services, and concierge support, creating a holistic and secure living environment.
About Manasum Senior Living
Founded by Mr. Anantharam V Varayur, Ms. Sumathy Anantharam, and Mr. Kushal Ramesh, Manasum Senior Living designs and operates thoughtfully curated communities that combine architecture, wellness, and hospitality to redefine ageing with dignity and joy. With projects in Bengaluru, Goa, Tirupati, Chennai and now in Mysore the company continues to lead India’s growing senior living segment through purpose-driven design and compassionate service.
About Foundations
Foundations Group is a Mysuru-based real estate company established in 2006, known for quality construction and community-driven housing. With over 1.5 million sq. ft. developed, 15+ completed projects, and 1,000+ customers, it has built a steady regional presence. Led by Managing Director Mr. N. S. Muralidhara, the company brings over 75 years of combined experience, with a focus on thoughtful design and long-term livability, positioning it as a reliable developer in a growing market.
