| Retirement homes give senior citizens a healthy and | | | | Though the concept is very western, many Indian |
| peaceful environment, where they can simply unwind | | | | developers are also coming up with Retirement |
| themselves and live those golden years again. | | | | Homes. Some property developers from Pune have |
| These homes are privately owned rental | | | | introduced the concept of "Apartments for the old". |
| accommodations for seniors who are able to manage | | | | They have constructed apartments that will suit the |
| and pay for their own care. Generally, retirement | | | | requirements of old people - the interior design and |
| homes are designed for seniors who need minimal to | | | | the amenities are built in a manner that will suit their |
| moderate support with their daily living activities. The | | | | needs. These Retirement Homes offer several |
| settings of these homes enable residents to live as | | | | advantages like: |
| independently as possible, while providing certain | | | | The elderly can spend time with people of the same |
| services and social activities. Most retirement homes | | | | age. This helps them bond better and make lasting |
| offer meals, housekeeping, laundry, and recreational | | | | friendships with people they can relate to. |
| and social programs. These homes can be an | | | | They can conduct activities which they can enjoy |
| appropriate option for people who do not require | | | | together - like playing games and going on a picnic. |
| 24-hour nursing care. One can live a healthy life with | | | | Medical facilities are offered for its residents. This is |
| regular exercise, meditation, and healthy food in | | | | especially useful if the individual has no family to fall |
| retirement homes. | | | | back on. |
| With the increase in the spending power, the demand | | | | Anyone can apply to a retirement home. You do not |
| for retirement homes is expectedly on the rise. The | | | | need to provide medical evidence that you need a |
| financially secured senior citizens want to spend their | | | | minimum level of care. The retirement home, |
| last years in luxury, with all the amenities they were | | | | however, may assess your needs to ensure that it |
| used to during their working years, and with the | | | | can provide you with appropriate support, or that |
| added comfort of having medical and other care | | | | you do not need more support than it can provide. |
| services at hand. | | | | Besides these amenities, builders feel that it is |
| 'Retirement Homes' are also vacation homes for | | | | important to develop these homes away from the |
| some. As many of these cater to the needs of | | | | crowded city life. Also, the prices of metros are |
| retirees whose children live outside India. In recent | | | | beyond the reach of senior citizens. Some developers |
| years, several senior Indian immigrants from the US | | | | like Covai Property Centre feel Coimbatore is a |
| and UK have purchased villas and apartments in India. | | | | promising option for development of retirement |
| Some of them have already transferred their | | | | homes. Mr. A. Sridharan, Managing Director of the |
| residence to India, and some others treat these | | | | company has said that Coimbatore has a strong case |
| much like vacation homes, with yearly trips for | | | | for becoming a favoured destination of the retirees |
| extended stays in India. Developers are also looking | | | | because of salubrious climate, excellent medical |
| at a big non-resident Indian (NRI) retirement market | | | | facilities, proximity to famous religious and tourism |
| and building homes for the high-income couples | | | | centres and the availability of direct flights to |
| working abroad in the US, Canada, Europe and even | | | | important international destinations. |
| the Middle East who will retire in the next 3 to 5 | | | | Some residents of these retirement homes say that |
| years. This is a big opportunity. There are couples | | | | they have chosen to live their by choice and not |
| working abroad who would want to spend 3 to 6 | | | | because of any compulsion. They need their own |
| months in a year in India. Retirement homes could | | | | space like younger generation. It's time for retirees |
| target them as well. | | | | to live life king size. |