Retirement homes in India

Q: Is there any demand for retirement homes in India?

Partho Sen, Bangalore

10th May 2013

Real estate News in Bangalore

indian real estate

senior housing

retirement homes

Follow Discussion

Also see discussions for

Bangalore Real estate News Real estate News in Bangalore

Replies (11)

Reputed developers like Tata Housing, Paranjape Schemes, Adani Realty, Silverglades and Brigade have already started setting up specially designed homes targeted at Richie rich seniors who want to live independently after retirement.

Amreesh Murugan,

26th June 2015

Comment

There is a well researched article written in this website about retirement homes: Advantages of Retirement Homes

Govinda,

19th May 2014

Comment

I heard that retirement homes or retirement resort what they call it now are coming up in Bangalore and Mysore. with green surroundings and special amenities developed keeping in mind geriatric care.

Jignesh Kumar, Bangalore

19th May 2014

Comment

@Jignesh, As you said they are going to provide special amenities what does that mean? What is the price range of such kind of projects?

Hanif Laskar, Bangalore

19th May 2014

Amenities provided such as medical care, round the clock security, hobby clubs, reading rooms, activity rooms, swimming pool, walk areas and geriatric health clubs with exercise professionals.

The price of retirement homes ranges from Rs 50 lakh to around Rs 1 crore. The retirement homes in Karnataka and Tamil Nadu have a lower price range varying from Rs 23 lakh for a 2BHK to about Rs 70 lakh for a 3BHK.

Dwarkesh,

19th May 2014

Hey Hanif, These homes also provide amenities like wider doors and bigger bathrooms for wheelchair access, physio rooms, doctor-oncall, nurses and a common dining room if someone doesn't want to cook, ensuring that switch points are at wheelchair height rather than at the bottom and much more

Govinda,

26th June 2015

I am interested to know the names of the major retirement projects across the cities. Can anyone provide me the names?

Hanif Laskar, Bangalore

19th May 2014

Comment

Max India Ltd is a prominent developer which is catering to this niche market in Delhi, through its group firm, Antara Senior Living Pvt Ltd. Serene Urbana is a major project in Bangalore, located about 5 km from the International Airport at Devanahalli, with 314 ‘retirement apartments’. Hyderabad has also a project called Serene MAK, located off the Srisailam highway, that caters to the geriatric housing segment. It consists of 250 apartments and and is being developed as a joint venture between Covai Senior Care Constructions and MAK Projects

Govinda,

19th May 2014

Pune-based Paranjape, which operates the Athashri project is planning will open a home in Bangalore and start building three more in south India.

Dwarkesh,

28th June 2013

Comment

Most of retirement homes in India are targeted at urban middle- and upper-income buyers who can afford to pay between 3 million and 6 million rupees for an apartment.

Govinda,

28th June 2013

Comment

The current demand for senior housing in India is approximately 300,000 units.

Amreesh Murugan,

12th May 2013

Comment

The emergence of financially strong and independent senior citizens have pushed the growth of high end to luxury senior living products in range of Rs 60 lakh to Rs 1 crore and upwards.

Sujan Mitra,

12th May 2013

Comment