The trend of investing in a retirement home is currently gaining momentum in the Indian Real estate market. Especially the young millennials or middle age group segment, those with better earnings and good saving capabilities are most interested in such investment. Another aspect amongst them is to ensure a hassle-free post-retirement life.
Moreover, with an increasing focus on such homes, developers in many cities are coming up with such projects that mostly focus on the concept of Retirement homes. Such cities offer a good standard of living, safe and secure environment, well-developed infrastructure, healthcare facilities, and pleasing weather conditions. Here’s a look at some of the top cities to settle after retirement in India:
One of the best cities to settle after retirement, Hyderabad is preferred due to the low crime rate as well as pleasant climatic conditions. Couples, especially from IT field who are working here or any other city place Hyderabad at top position when it comes to investment.
According to expert areas like Outer Ring Road (ORR) is favourable among many developers to construct such housing projects due to its location and connectivity. Also, one can build their independent villa too as many plots in various sizes are easily available here. Besides this, other localities like Kompally, Nallagandla, and Chandanagar have also emerged as a popular destination for developing retirement homes. While Kompally is famous for affordable properties, Nallagandla and Chandanagar are full of premium housing projects and villas.
Another hotspot for investing in retirement homes is the ‘IT’ city Bengaluru. Safety, as well as pleasant weather over the year, attracts couples and millennials to invest here. Even many NRIs also show interest to settle after retirement here. Yeshwantpur is one of the most popular areas where people can easily find a plethora of retirement-friendly housing projects. Also, the presence of better infrastructure facilities attracts home buyers to this area.
Some of popular projects in Bengaluru include Mantri group Primus, TATA’ Riva Residences and Brigade group’s Parkside.
Not only Tier-1 cities many tier-2 cities like Chandigarh, Indore, and Haldwani are also gaining immense popularity among many home buyers to invest in retirement homes. Reason, good climatic conditions, safer surroundings, less pollution, serene and ample greenery etc. are some of the eye-catching features that call developers as well as builder to develop retirement homes here. Bhiwadi and Greater Noida West are also emerging as favourable regions among both end users as well as developers to construct affordable properties.
Due to green landscape and tranquil settings, Pune has always been a favourable residential investment destination among home buyers who want to live a peaceful and holistic life after their retirement. However, in recent times, many developers have come up with the concept of retirement homes and have developed them in localities like Wakad, Nilakh, Wagholi, Baner, and Pimple. Some of leading developers include Oasis Senior Commune, VTP Realty, Clover developers, Ashiana Housing, Paranjape Schemes. The project developed by them offers all the state-of-the-art amenities for retirees like jogging track, Yoga Meditation centres, Library, cultural centres etc.
However, it is always advisable to have proper research before investing in any such project, so that you should enjoy a hassle-free and peaceful retirement life.