Retirement Homes: Where Living Continues After Retirement

The changing lifestyle, rising income and higher life expectancy have led to the surge in the demand of the retirement homes by senior citizens. These retirement homes are not like old age homes, which were often overcrowded and many times lacked basic amenities. Retirement homes are typically a multiresidence housing facility for senior citizens and provides various facilities such as medical security, recreational activities etc. 

Owing to these reasons retirement homes are mushrooming all over the country in cities such as Pune, Kochi, Coimbatore, Bangalore, Chennai, Mumbai, Delhi NCR. These homes are available in a range starting from the affordable with basic amenities to high-end projects. Builders who are engaged in building retirement homes are now offering attractive payment facilities which include outright purchase, EMI schemes, Rental or Reverse mortgage to address the different needs of the senior population. 

The price tag of retirement homes could be anything from Rs 25 lakh to Rs 1 crore, depending on the size and location. One could take a pick from studio apartments to 3 BHK (bedroom, hall and kitchen) to villas. 

The southern part of India has been on the forefront when we talk about the retirement homes. The reasons for people settling down in South are varied, like pleasant weather and comparatively a lesser crime rate. Also, there is availability of huge land parcels facilitating the development of townships with abundant open spaces. 

Now let us take a look at what are the options available for the buyers in the Southern part of the country. 

Firstly, here is a list of the projects which are available for outright purchase which falls in the price bracket starting from Rs 25 lakh to more than Rs 80 lakh. www.sreeseniorhomes.com 

Now do not get disheartened by looking at the cost of the above-mentioned projects. There are projects available which are being developed to provide pocket friendly retirement solutions. This comes in the form of affordable retirement - deposit / lease /membership model. Please refer to table 2. 

Apart from the above mentioned projects mentioned in table 2 there are many more projects that are coming out which are being made keeping in mind the once budget and pocket. 

So, look out for the projects that suits you better and book your peace after retirement.