Retirement often leaves senior citizens with worries and stress. With growing job opportunities across various cities in India, the youth prefers living separately from their old parents. This is where the trend of senior citizen-friendly homes sets in. India has a considerable elderly population in different states.
The trend of investing in senior-friendly homes is rising among youngsters. These homes fulfill every demand of older adults who lack support from their families or neighbors. Read this blog to learn how the investment trend in senior-friendly homes benefits Indian families.
Perks of Senior Citizen Homes
The demographic landscape of India is changing gradually these days. A large part of the old population still lives with families. As the citizens grow older, their needs change from time to time. Retirement communities or senior homes are emerging these days to cater to the changing needs of older adults. Let us have a glance at how these senior citizen homes are beneficial for living:
a. Health and wellness facilities
Strong mental and physical health is necessary for older adults. Most retirement communities are equipped with top-notch health and wellness amenities. These include walking trails, yoga studios, fitness centres, and swimming pools. In addition, senior citizen societies conduct regular health check-ups and wellness programs for older people. Medical counselors follow up regularly to improve the physical fitness of senior citizens.
b. Comfortable living
Senior citizens often choose to live comfortably and peacefully in senior citizen homes. These homes provide maintenance-free living and take care of all maintenance tasks. There is no hassle of home maintenance for the old citizens, and they can focus on living a better lifestyle with extra comfort.
Many senior citizens also prefer locations that offer modern conveniences and easy accessibility to healthcare. In Chennai, apartments in West Tambaram are becoming a preferred choice due to their proximity to hospitals, parks, and senior-friendly amenities.
c. Boosts community building
The saddest part of old age is feeling lonely. Senior citizens often feel isolated and lonely without the support of their family or friends. The goal of developing senior citizen homes is to help them socialize with other people. They can participate in several social activities and build relationships with neighbours and other communities. Living in a senior citizen-friendly home will foster a sense of belonging among the older adults.
d. Good safety measures
Today, the safety of old citizens is a top priority. These retirement communities and senior citizen homes install premium-quality CCTV cameras and other devices for the safety of residents. These gated communities monitor the activity of every home and provide 24/7 security personnel. They also check the control systems to maintain the high-level security of the old citizens. Moreover, the residents can live peacefully without worrying about intruders or robberies.
Increase in the demand for senior citizen-friendly homes in India
India holds a significant portion of the elders in every state. Like the young population, the old citizens have varying demands for senior living. The senior citizens choose the safe and convenient place to stay for a smooth lifestyle. This section explains why the demand for senior citizen homes is rising in the country:
a. Changing demographics of India
The senior population of India is increasing, and so are their demands for superior living. Old citizens find comfort in high-quality senior homes and retirement communities. Because of the rising old population, it is necessary to develop senior homes with better facilities. Many developers are now focusing on developing modern retirement communities and senior citizen homes with top-notch facilities.
b. Resilient sector
The market for senior citizen homes is not volatile like other sectors facing rapid change. Older people need constant senior care for a better quality of life, and as the demand for senior care is ever-increasing, investing in senior citizen homes is always a profitable choice.
c. Creates a long-term growth opportunity
Investors are highly confident when they have to invest in the senior citizen home sector. This creates a lucrative opportunity for developers who want long-term growth and stability. Investing in senior citizen homes leaves a positive financial and social impact.
d. Connecting with people of a young age
Old citizens constantly fear getting separated from their children or young relatives. Senior living designers are focusing on boosting intergenerational living to help seniors connect with young residents. Retirement communities and senior citizens are developing daycare centres and parks to boost socializing between different people. They can actively participate in various social activities and join the community.
e. Increase in affluent old citizens.
The growing economy of India has led to a growth in the amount of disposable income among the elderly population. As a result, the number of senior citizens with good financial capability is increasing daily.
Many older people are searching for the best investment opportunities in India. This demographic move has also led to a rising demand for premium-quality homes for the older generation. Senior citizen-friendly homes are developed by combining innovative technologies and tools.
Older adults can enjoy living in a luxurious retirement community with excellent senior living facilities.
f. Longevity
There has been a steady rise in life expectancy in India for many years. The increase in longevity leads to the rising demands for medical and health care for old residents. In these recent times, it is necessary to create a sustainable and healthy living atmosphere for senior citizens.
g. Evolving family dynamics
Indian families are no longer following the old system of living in joint families. There has been a rise in the trend of working professionals living in urban centers. Due to this, seniors are finding independent communities and homes to stay in. A well-equipped senior citizen home is suitable for the needs of the older adults. On the other hand, the young population can live stress-free by choosing luxury retirement homes for their old parents.
Conclusion
Senior citizens now have ample choices to invest in top-notch senior citizen homes and communities. Developers are introducing innovative technologies to enhance comfort and promote active lifestyles in senior living communities. The future of senior living in India is bright, with more tailored communities emerging to meet the needs of older adults. This trend emphasizes well-being, independence, and social interaction, paving the way for a promising environment for seniors.
