India’s top three cities for purchasing a retirement house

Propertypistol

According to the 2021 population census, there are approximately 138 million senior persons in India, accounting for more than 10% of the population. By 2031, the population is predicted to increase by over 56 million to about 194 million, accounting for more than 13 percent of the demography. On the other side, as the youth of today moves to cities for improved life circumstances, jobs, and greater income, the notion of joint families, in which elderly folks formerly had carers, is slowly disappearing across the country. With an expanding ageing population and nuclear families, a gap in senior care services has grown.

Tamil Nadu, Chennai

With around 14 percent, Tamil Nadu has the second-highest proportion of senior residents after Kerala. Because older adults in Chennai are often well-established and intelligent, retiring houses are popular. Furthermore, every year, a large number of young adults leave the nation for more urbanised markets. As a result, the elderly choose to live in nursing homes. Furthermore, the city boasts a solid social and retail infrastructure, health system, and public transportation network, all of which contribute to the city’s comfort of life.

Karnataka, Bangalore

Bangalore is yet another famous retirement destination in South India. The city has a pleasant climate as well as social and retail opportunities. The rising demand among elderly folks may be ascribed to the introduction of connections, such as metro lines, the Chennai-Bangalore Expressway, and the suburban train project, among others. In addition, Bangalore has a sophisticated healthcare system that is frequently used by senior people from all across the country. These elements affect the city’s growing number of retirement residences.

West Bengal, Kolkata

Kolkata has the smallest smaller families among Indian metro cities, based on the 2011 census. The city’s growing nuclear family structure reflects the increased demand for retirement residences. Another element driving Kolkata’s increased demand is the city’s better-developed healthcare system in comparison to other eastern states and cities. Possibly this is why older people who can afford it prefer to live in retirement homes. In addition, Kolkata is regarded as far safer than other major cities. According to the National Crime Records Bureau’s (NCRB) 2020 report, Kolkata has been named the safest metropolis on many occasions.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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