There has recently been an increase in projects devoted to senior living. While the majority of them are stand-alone developments, many developers have also launched integrated townships. These townships devote a percentage of total units to senior living, as well as generic residential developments.  Has identified five suitable retirement home locations near Mumbai.

According to Modor Intelligence Report, the senior living market in India is expected to grow by more than 4% over the next five years. As children migrate to other countries/states for education or employment, the elderly in the home are frequently left alone and uncare for. As a result, the demand for senior living spaces has increased.

These projects are designe with senior citizens’ needs and expectations in mind. Some of the main features of retirement homes include ease of living with day-to-day assistance, food arrangements, healthcare facilities, and community engagement programmes. Let’s take a look at the top five retirement home destinations near Mumbai.

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Maharashtra, Pune

Pune is an excellent retirement destination due to its excellent road connectivity, pleasant climate, developed health infrastructure, and extensive green cover. Though Pune is a growing educational and IT hub, the demand for retirement homes has been steadily increasing.

Nulife by Disha Direct and Gagan Group near Lonavala, Ashiana Senior Living in Lavasa, Athashri by Paranjpe Group, and Tata Housing’s project in Talegaon are among the projects dedicate to senior citizens. These projects provide a variety of services ranging from medical assistance to curated recreational activities for senior citizens. However, because most senior living projects are located on the outskirts of Pune, they are more affordable than those in the city centre and cost about one-third of the price of a property in Mumbai. A two-bedroom apartment in a senior living project in Pune starts at Rs 50 lakh.

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Retirement Home Locations : Maharashtra, Neral

Neral, about 90 kilometres from Mumbai, has seen a gradual increase in the hospitality industry as tourism has grown. The majority of the housing units in this area are price under Rs 30 lakh, with 1 BHK and 2 BHK units accounting for the majority of the inventory. Puraniks Group, Labdhi Lifestyle, and Haware Developers are among the builders with projects under construction in Neral. The area has also become a popular location for retirement homes. Dignity Foundation is a leading developer in this segment, with prices starting at Rs 50 lakh for Dignity Lifestyle in the foothills of Matheran Hills.

State Highway 79 or the Karjat-Murbad Road provide easy access, while Sai Hospital and Morya Hospital are nearby leading medical facilities.

Panjim, Maharashtra

Because of its captivating beach life and recreational activities, Panjim is ideal for active retirees. The view is spectacular thanks to the Portuguese-inspired architecture surrounded by greenery. Senior citizens prefer areas like Bambolim in Goa. Panjim has a well-established social infrastructure, with plenty of dining options and recreational opportunities. Some of the notable medical facilities in the area include Healthway Hospital, Vintage Hospital, and Trinity Healthcare and Research. Bougainvilla Hermitage is a well-known retirement community in Panjim, where residents can purchase or rent an independent villa. Property prices in this area begin at Rs 50 lakh.

Gujarat, Surat

Surat, located on the banks of the Tapti River, is another peaceful retirement destination. Surat, once known for silk weaving, is now a textile commercial centre. It has a well-established social infrastructure, including hospitals such as Shalby Hospital and Adventist Wockhardt Heart Hospital. The 2nd Innings Retirement Resort is a living space for senior citizens located about 20 kilometres from Surat. Surat’s domestic airport is about 13 kilometres away and is accessible via NH-8. A two-bedroom apartment here starts at Rs 35 lakh.

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Retirement Home Locations : Nashik, Maharashtra

Nashik, an ancient city on the banks of the Godavari, is a popular pilgrimage site known for the annual Kumbh Mela. It is about 190 kilometres north of Mumbai and is also known for its vineyards. Nand Niwas and Vedikashram are retirement home projects that provide assisted living for the elderly. They are near major hospitals and have excellent medical facilities on-site. Another senior living project in Nashik is Suyojit Covai, which is part of the Suyojit Viridian Vallis integrate township. A two-bedroom house here costs around Rs 40 lakh.

Senior citizens are increasingly choosing retirement homes in outlying areas due to space constraints and high living expenses in metropolitan areas. Due to ample land supply, retirement homes have the potential to thrive in Tier-2 cities. Such projects will be more affordable in non-metropolitan areas for senior citizens who must live off their savings after a certain age.

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