Tier-II cities evolve into se­nior liv­ing hubs

Con­tin­u­ing care re­tire­ment com­mu­ni­ties’ projects ex­pected to come up in In­dia in the next few years

HT Estates - - HTESTATES - Man­ish Ku­mar

As the pop­u­la­tion of se­nior cit­i­zens in In­dia touches 118 mil­lion in 2016, an in­creas­ing num­ber of de­vel­op­ers are ven­tur­ing into the se­nior liv­ing space. Many pri­vate en­ti­ties have al­ready made a foray into this sec­tor. While some com­pa­nies en­ter it as part of their cor­po­rate so­cial re­spon­si­bil­ity, char­i­ta­ble or­gan­i­sa­tions are also found in the sec­tor. Re­al­is­ing the up­side po­ten­tial and to have first-mover ad­van­tage, a few prom­i­nent cor­po­rate houses have also for­ayed into se­nior liv­ing.

De­vel­op­ers are evolv­ing as re­al­i­sa­tion dawns that they are not con­struct­ing old-age homes and that so­cial in­fra­struc­ture is im­por­tant to have around their projects. That’s why se­lect des­ti­na­tions in cities like Pune, Coim­bat­ore, Goa, Chen­nai, Ban­ga­lore, Dehradun and some parts of north-In­dia have be­come se­nior liv­ing hotspots. As th­ese cities have so­cial in­fra­struc­ture, peo­ple who moved out from here in their youth, are com­ing back af­ter re­tire­ment.

Projects have started com­ing up in the out­skirts and sub­urbs of key met­ros as well. It is es­ti­mated that in around five years’ time, there would be many more projects out­side prom­i­nent cities. Also, while most of the projects be­ing launched in this space are holis­ti­cally ded­i­cated to se­nior cit­i­zens, many de­vel­op­ers are also launch­ing in­te­grated town­ships, wherein a pro­por­tion of to­tal units are ded­i­cated to se­nior liv­ing along with generic res­i­den­tial de­vel­op­ments.

In­ter­est­ingly, pro­gres­sive projects now al­low all three lev­els of care in se­nior hous­ing fa­cil­i­ties – in­de­pen­dent liv­ing, as­sisted liv­ing, skilled nurs­ing care and op­tion­ally Alzheimer care fa­cil­i­ties – within one cam­pus. How­ever, th­ese fa­cil­i­ties may be phased out over a pe­riod of time to al­low for a con­tin­uum of care as res­i­dents will ben­e­fit from hav­ing all fa­cil­i­ties in one cam­pus-like en­vi­ron­ment. Such fa­cil­i­ties get termed as con­tin­u­ing care re­tire­ment com­mu­ni­ties (CCRCs). CCRCs, cater­ing to all the needs of se­nior cit­i­zens in the age bracket of 60 to 80 years, are yet to ar­rive in In­dia.

IMAGESBAZAAR

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