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Demand for Senior Living Communities on the Rise

Demand for Senior Living Communities on the Rise

The recent Covid-19 pandemic may reform the prospect of the senior living communities not only in India but in the world, with demand for senior living homes on the rise except a slowdown in real estate. At the level of the demand, now developers have to increase the supply with the best location and best facilities to beat the competition. If we talk about the present scenario then, tier II and III cities control the senior living segment with more than 60% contributions of ongoing and ready to move developments from top senior living communities’ developers that have approx 50+ ongoing and ready developments.

Tier-II cities with the best senior living communities are:-

• Coimbatore
• Puducherry
• Kodaikanal
• Vadodara
• Bhopal
• Jaipur
• Mysuru
• Dehradun
• Kasauli
• Kanchipuram
Tier I cities with the best senior living communities are:-
• Bengaluru
• Hyderabad
• Chennai
• Pune
• Noida

If we study deeply then we find many reasons behind the rising demand for senior living communities in India. The rise of nuclear families, greater than before life expectancy and self-dependency are some of the main reasons. Now senior citizens have a good source of income and they do not want to depend on their family. They choose and can afford sovereignty and the peer company in well-appointed retirement communities.

If we talk about different reports from reputed agencies, in the next 10 years senior citizens’ population is expected to touch the figure of 17+ Crores. Covid-19 pandemic is expected to speed up the demand for retirement homes – the pandemic has revealed the senior citizens necessitate protection, care, health, and like-minded company. Unlucky senior citizens, who are living alone, are struggling for basics needs, managing daily chores, and worried about current and future medical issues are the easy target of this type of pandemic.

The Bahri Group is a multi-tiered group with its experience of two decades in the Real Estate industry and is known for the best retirement communities in India. They are one of the few retirement communities’ developers who are providing the best living facilities with extreme care and best facilities & services for the senior citizens.

Their retirement communities in Kodaikanal & Bengaluru are one of the best senior living communities in South India. Surrounded by green neighborhood, pollution-free atmosphere, and fresh air, healthy & hygienic food are some of USP,s of these communities.

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