Availability of senior citizen apartments in Delhi

Q: I am retired central government employee. I am looking to buy an apartment for me and my wife. Is there any apartment project available for senior citizens in Delhi? How good is it to invest in such projects?

Jeet Bhaskar, Delhi

4th February 2013

Buying property in Delhi

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senior citizen apartments

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Replies (5)

Projects for Senior Citizens have come up in cities like Pune, Goa, Dehradun and Coimbatore. Mostly such developments are happening in tier-2 and tier-3 cities. Instead of residing in top cities which are generally overcrowded, unpleasant and unsafe, it is good for our elders to stay in second level cities. Developers are trying out different concepts such as joint family and mohalla concepts with those projects.

Ravindra Singh,

13th February 2013

Comment

Hi Guys,

The Delhi Govt. are making several policy time to time for set up the right kind of business climate in the Union Territory of Delhi. Policies are framed such a way so as to motivate investors to invest into the city also including various investment incentives and schemes, which provide the road map for accelerating the industrial development in Delhi. They aim to improve the quality of life of the people and thereby contribute to the overall prosperity of the economy.

Sujan Mitra,

2nd March 2015

Ashiana Housing has developed senior housing projects in Bhiwadi, Lavasa and Jaipur. The developer is planning to develop more such projects in other cities as well. Ashiana sells units of such projects to people aged above 55 only and only senior citizens are allowed to reside in. The developer claims that the projects offer several good facilities for the elderly people. Other developers like UCC care, Brindavan Senior Citizens, Covai Properties and Classic Promoters are also developing senior-friendly housing projects.

Neha Srivastava, Delhi-NCR

13th February 2013

Comment

Hi All,

According to me, DDA has taken some initiatives for senior citizen. DDA is fully concern about the senior citizen safety & providing a better community. As per my knowledge, Delhi is considered to be one of the most preferred investment hotspots in the country. It is endowed with efficient infrastructural facilities; high standard of civic amenities; as well as well-composed and spacious streets, with beautifully lined avenues of trees. It has a rich cultural heritage and many places of tourist interest like historical monuments, museums, art galleries, gardens, markets,etc.

Kalki K,

2nd March 2015

@ Jeet,

If you are planning to yearn some handsome figure by investment ,then the capital city of Delhi is the largest commercial centre in northern India , which is a perfect area for investors. It is well-connected to other cities like Noida, Gurgaon and Faridabad. As a result, it has lots of investment opportunities for the investors the world over. Also, due to well-educated and skilled human resource, it is a preferable place to the global information technology (IT) companies.

Veena K,

2nd March 2015

Mr. Jeet, it is really good for senior citizens to invest and reside in senior-friendly apartments. Such projects help elderly people in leading a comfortable life with all facilities specially designed for old people.. And such projects also help them in finding good companions of similar age group.

Pavan Jain, Delhi-NCR

13th February 2013

Comment

According to an estimate in our country there will be 198 million senior citizens by 2020.. This big number of senior population has been attracting builders towards investing in senior-housing projects. Real estate market analysts have observed that the number of senior-friendly residential units being built has increased four to five-fold and the segment is seeing good progress.

Diwakar Shetty,

7th February 2013

Comment

There are many projects being developed for senior citizens in different cities. Many leading builders have already dedicated projects catering to the needs of the elderly people. It is very good investment option for senior citizens particularly..

Gurmeet,

6th February 2013

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