Senior Living Projects. (How Indians are welcoming to this?)

Senior Living Projects.

(How Indians are welcoming to this?)

When there is a trend of Smart Homes, Nuclear homes, Luxury Homes are booming in cities a new class as Senior living projects are emerging as an important residential asset class in India that can cater to the growing demand from the aging population. They offer a viable option for seniors who want to live independently and enjoy a high quality of life.

What is senior living projects?

senior living projects are a type of residential development that cater to the needs and preferences of senior citizens. They offer various amenities and services such as healthcare, security, recreation, and social activities to enhance the quality of life of the elderly. Senior living projects are different from old age homes, as they are not meant for dependent or destitute seniors, but for those who want to live independently and enjoy a comfortable lifestyle.

According to a report by Housing dot com, the senior living segment in India has a potential market size of 12.5 lakh units, worth Rs 1.26 lakh crore. The demand for senior living projects has increased after the COVID-19 pandemic, as more seniors and their children are looking for safe and secure environments that can provide easy access to healthcare and essential services.

Senior living projects can be classified into three types: independent living, assisted living, and nursing care. Independent living projects are designed for seniors who can manage their daily activities without any assistance. They offer spacious and well-equipped apartments, villas, or row houses with common facilities like clubhouse, gym, library, cafeteria, etc. Assisted living projects are meant for seniors who need some help with their daily chores or medical needs. They offer smaller units with personal care services like housekeeping, laundry, meals, medication management, etc. Nursing care projects are for seniors who require constant medical supervision or palliative care. They offer specialized units with round-the-clock nursing staff and doctors.

Some of the benefits of living in a senior living project are:

1. It provides a sense of community and belonging among the seniors who can interact with like-minded people and participate in various social and cultural events.

2.It?ensures safety and security for the seniors who can live without any fear of crime or harassment. The projects have CCTV cameras, security guards, emergency response systems, etc.

3.It?offers convenience and comfort for the seniors who can avail various services and facilities within the premises. The projects have tie-ups with hospitals, pharmacies, grocery stores, banks, etc.

4.It?promotes wellness and health for the seniors who can access quality healthcare and preventive care services. The projects have wellness centres, physiotherapy rooms, yoga studios, etc.

5.It?enhances happiness and satisfaction for the seniors who can live a dignified and fulfilling life in their golden years.