new delhi hotelbooking startup oyo may foray into assistedliving communities or retirement homes for senior citizens in the futurethe softbankbacked hospitality chain valued at around 5 billion during its last round of equity financing may venture into the space through its new real estate businesses arm which includes oyo life a coliving vertical targeted at millennials and young professionalsassisted living for senior citizens could be a natural extension for our business said ceo of oyos new real estate businesses rohit kapoor who joined the startup in november he also serves as director on antara senior living a max india group initiative that focuses on people over the age of 60elder services care could be a potentially lucrative space for interested players in india the countrys elderly population is set to touch 300 million by 2050 accounting for 18 of the overall population according to a study by cii in comparison elder care services market is estimated to reach 1900 billion worldwide by 2026 growing annually at 85 during the period revealed data from global research agency persistencecurrently there are only 4500 senior living units available in the domestic market with more than 2000 units under various stages of production according to data from real estate services company anarock some of the players in the market include covaicare brigade orchards parkside homes in bengaluru and the golden estate in faridabad they will need to create the industry similar to how they are standardising coliving spaces the market existed in an unorganised way and oyo has been able to shape it up and brand it through oyo life said chairman of anarock property consultants anuj puri