Retirement Homes or Retired living communities is a widely prevalent concept in real estate market of India. Retired/Senior Citizens are preferring to lead a private and independent life. One of the reasons being the wider generation gap between parents and children. In a time like this, a lot of our senior citizens are choosing to live in full-fledged communities, away from their beloved ones to enjoy their solace in old age. India is a nation where the average age is 29. It is said it will be one of the ‘Youngest Nations in the World’.
In a culture like India’s, where a well-known concept of extended families living together called a Joint Family was a widely prevalent concept. Despite the fact that various generations of Family members living together have been seen to have positive effects on them, the culture of living together has come down now. In times like this, it is essential that these cultural changes must be accepted.
As per the latest trends in the Indian Real Estate sector, it can be seen that the Indian Youth Today is moving to busy metropolitan cities in search of Employment, or starting a business. These prospects are motivating Real Estate developers to create innovative real estate ventures dedicated to our Senior Citizens and Retirement Living in India. This concept of dedicated retirement living projects which had originated in South India originally is being adopted all over India. The basic idea behind the concept is providing a Secure, Productive and Independent Community to live in. When it comes to the development of old age communities there are certain factors to be emphasized on:
Since Affordability is a key factor for home buyers the Developers of such projects must focus on controlling the cost. Since the homebuyers who invest in these projects are investing from a retired perspective financially, developers of retirement homes must prioritize on providing detailed safety measures and essential features like health care centres, gardens etc for recreation and wellbeing which are very important after retirement.
Since the theme of such projects is to provide affordable homes, they must be located in a relatively peripheral area of the city.
• Availability of large parcels of Land Area that ensures the facilities essential to the venture are holistically integrated with the development area.
• Also, these properties being generally located in the suburbs will have a relatively less price, being away from the prime areas of the city or the Central Business District.
• Most importantly, these projects should be away from the buzz of the city making the surroundings of these residents calming and soothing, the perfect environment to spend time after retirement.
In addition to the abovementioned factors, Senior Citizen living should have an enhanced range of amenities ensuring residents can enjoy every minute of their life.
• Features like 24*7 Power Backup, Water Supply, Advanced Security, Maintenance and Housekeeping.
• Also, specialized offerings like assisted care for the elderly and ailing citizens, prompt availability of dedicated Medical Staff and tie-ups with surrounding hospitals, in-house healthcare striving to make sure the health concerns of residents never go unanswered.
George Bernard Shaw once famously said, 'You don't stop laughing when you grow old, you grow old when you stop laughing'.
Old Age which are quintessential to today's modern family era must be built on a large-scale basis as a lot of our population is heading towards the retirement age. Hence, there is a need for real estate development to adapt pragmatically to the current demographics and offer the best real estate choices towards today’s market.
We at Homes247.in have successfully worked towards building a home guide for homebuyers and investors in Real Estate. Having tremendous experience in this sector enables us to choose the best for our prospective homebuyers and help them end the search of their dream homes and future investments.
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Well, we are aware that real estate has never exactly been one of those binge-worthy blog categories. It has neither been the kind of topic you could not get enough of, nor is it half as juicy as celebrity gossip.
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Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!
If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.
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