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Home > Forum > Mumbai > Real estate News > Senior citizen coming out as an emerging customer for developers

Senior citizen coming out as an emerging customer for developers

Q: Hi, Senior citizens are emerging as a new customer group for real estate developers and they are given other allied services for creating a proper living environment.

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1
Hey,
Can anybody have any news about the no of senior citizen living projects in different parts of the city? Which are the major developers of these city?
Amreesh Murugan


Hi Amreesh,
There are around 30 senior citizen living projects in cities such as Kolkata, Hyderabad, Coimbatore, Bangalore, Pune, Bhopal, Jaipur, Goa, Kochi, Chennai, Mumbai, Delhi, Nagpur and Punjab.

And some of the major developers of these areas are Tata Housing, Clover Builders, Max India Group, Paranjpe Schemes, Antara Senior Living project and Ashiana Housing.
Suresh,  
25th April 2014


Thanks Suresh,
Do you know that Tata Housing recently announced Rs.1200 crore investment for developing houses specially for senior citizen?
Amreesh Murugan,  
25th April 2014


No, i haven't heard, do you have some updates on it. What is the totals nos of unit, their sizes and cost?
Suresh,  
25th April 2014


Well,
It consists 50-100 in the form of residential complexes. The unit sizes range from 500-2500 sqft. Saleable area and it cost between Rs. 25 lacs- 1 crore.
Amreesh Murugan,  
25th April 2014


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