For the first time, Columbia Pacific is foraying into a rental model for senior living in India through assisted senior living communities. By the end of FY25, the company plans to have eight communities with about 2,000 homes under construction and on sale across nine cities in India.
A group of residents at the Magnolia Senior Apartments have been displaced since a ruptured pipe on Christmas day flooded the complex. Since then, the seniors have been living in hotels. The residents have moved again for the third time to another hotel.