Senior citizen homes is the new rising real estate segment in India

With rising life expectancy and the improvement in the quality of lifestyle and medical facilities, senior citizens are living a longer and fulfilling life now. The improvement in the Indian economy over the past couple of years has also led to more disposable power in the hands of seniors, who are now retiring with a golden handshake retirement packages. Senior citizen home sin India has simultaneously also seen a rise in demand. The quality of these homes is improving to match the evolved expectations of the customers. These seniors are looking forward to quality living in their post-retirement life. They don’t want to compromise in their living standards or their expectations.

Going by this rise in demand for senior living in India, many sectors are tuning their offerings to appeal to the seniors. Real estate is one such industry which has picked up this growing trend. It has began adjusting and customizing its product offering to appeal to seniors with very specific expectations out of their post-retirement residences. Therefore, real estate developers are ensuring that special attention is given to availability of medical facilities within the vicinity of the project and the security within and around the project is robust. They are also trying to provide other facilities and amenities which would be well appreciated by seniors. Some of them include, walking or jogging parks, fitness facilities like yoga / gym / swimming pool etc. Partham Group’s premium second home project at Silvassa – Paraiso de Casa’s offerings match the above mentioned elements and are perfect of seniors looking forward to fulfilling life after retiring from their economic activities.

Senior citizen housing sector is generating enough demand to attract the attention of investors dealing
in real estate industry. Real estate industry has become regulated and formalized with the introduction
of RERA. As a result of this, there is sufficient fund flow happening in the industry. Investors are assured of transparency and assured return on their investments.

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