India’s Top Cities for Retired Property Purchases

Cities for Retired Property: Retirement communities serve the senior population that is 55 years of age and older, as the name says. These facilities include everything from domestic aid to medical care, and they cater to the needs of the elderly. The best Indian cities for buying a retired property as the idea progressively gains acceptance.

According to the census of 2021, there are approximately 138 million senior persons in India, making up more than 10% of the population. By 2031, the number is projected to increase by over 56 million to reach roughly 194 million, making up more than 13% of the population. On the other side, as the younger generation relocates to metropolitan areas in search of better living circumstances, career opportunities, and greater income, the idea of joint families, where the elderly formerly had careers, is slowly disappearing across the nation.

A gap in senior care facilities has grown as a result of an increase in nuclear families and the old population. Retirement communities, which provide the facilities required by an ageing person, fill this gap. Older Non-Resident Indians (NRI), who choose to spend their golden years in their place of origin, have mostly adopted the trend? Here are the top places in India where you should think about buying a retirement home. Retirement homes are slowly carving out a position for themselves by promoting an independent and comfortable way of living.

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Chennai, Tamil Nadu

With around 14 percent, Tamil Nadu has the second-highest percentage of senior persons after Kerala. Due to the fact that senior citizens are typically well-established and educated, retirement homes in Chennai are popular. Additionally, a large number of young individuals relocate each year, either abroad or to the nation’s urbanized areas. Therefore, retirement homes are where the elderly desire to reside. The city’s strong social and retail infrastructure, healthcare system, and public transportation system all contribute to how easy it is to live there. The presence of such projects is evident along housing portions along Old Mahabalipuram Road (OMR), East Coast Road (ECR), and Grand Southern Trunk (GST) Road. Other well-liked cities in Tamil Nadu for senior citizen homes are Trichy and Coimbatore.

Bangalore, Karnataka

Another exceptionally well-liked city in South India among retirees is Bangalore. The city is well-endow with great social and retail attractions as well as a pleasant climate. The rise in demand among elderly folks is what led to the arrival of connectivity, thanks to metro lines, the Chennai-Bangalore Expressway, and the suburban train project, among other things. Additionally, Bangalore boasts a modern healthcare system that is frequently used by seniors from across the nation. These elements play a part in the city’s growing elderly community. However, experts contend that despite Bangalore’s rapid transformation into a haven for retirees, developers are still unable to meet the necessary demand due to a shortage of qualified labor and declining elderly pricing. Additionally, there is some stigma associated with choosing to live alone, which is frequently harmful to accurately estimating demand.

Jaipur, Rajasthan

Due to its historical significance, Jaipur has attracted both foreigners and NRIs. The city organizes a number of cultural events, including the Rajasthan Cultural Festival, Jaipur Literature Fest, and Jaipur International Film Festival, to name a few. It also has well-established medical facilities. Jaipur also offers a low cost of living, lots of public transportation, and shopping possibilities. Seniors who prefer a milder environment are the main visitors to the city.

In general, seniors appreciate living in calm settings in close-knit communities with other like-minded retirees. This is one of the main causes for the growth of retirement communities and senior housing developments.

Kolkata, West Bengal

The smallest family size was found in Kolkata, the largest Indian metropolis, according to the 2011 census. The rise of the nuclear family in the metropolis explains why there is a growing need for retirement communities. The fact that Kolkata has a more developed healthcare system than other eastern States and cities is another factor influencing the city’s rising demand. Perhaps this explains why elderly people who can afford it choose to move into retirement communities. Kolkata is also thought to be a lot safer than other metro areas. According to the National Crime Records Bureau’s (NCRB) 2020 report, Kolkata has consistently taken first place as the safest metropolis. The demand for safe and secure retirement homes is urgent given the rise in crimes against the elderly population, and Kolkata can meet this requirement to a considerable extent.

In comparison to other cities like Chennai, Pune, and Bangalore, where retirement homes are often offer at a little higher price, Kolkata’s retirement homes are also quite reasonable.

Pune, Maharashtra

Industry insiders claim that Pune is also steadily embracing the idea of senior citizen houses. On the ease of living index, the city has been doing well. Retirement residents value its excellent road connectivity, nice climate, strong healthcare system, and abundant open space. Even though Pune is a centre for education and IT and a developing metropolis. It is nevertheless quite traditional and rooted in its past, which appeals to the older population. More retirement residences have been plan as the city’s senior citizen population continues to grow in order to meet the increase demand.

Coimbatore, Tamil Nadu

With almost 65 percent of such projects centered in this town. Coimbatore is becoming the most sought-after place for retirement houses in South India. Coimbatore, which is situate in the foothills of the Western Ghats. Is surround by farmland, has minimal pollution, and has a pleasant climate all year long. According to experts, the town is becoming more and more popular with senior residents. Who often choose to live in a town with ample space for walks, treks, and hikes. They enjoy eating fruits and veggies free of pesticides. Large land tracts are another resource that enables seniors to cultivate interests like organic farming and pottery. Retirement communities have been construct in Coimbatore by well-known companies like Covai Care. Columbia Pacific, and Vedaanta Senior Living, to name a few.

Dehradun, Uttarakhand

A charming town in Uttarakhand named Dehradun is beginning to draw a growing number of retirees. The village offers older folks a calm and simple existence because to its chilly climate, low population density, and scenic scenery, among other things. The accessibility of Dehradun by air, rail, and road improves its livability. Additionally, Rishikesh and Mussoorie, two additional well-known hill stations close by, make it simpler to get medical facilities.







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