1. What is a Continuing Care Retirement Community (CCRC)?
A continuing care retirement community (CCRC) is an alternative residential option for senior citizens (usually 65 years of age and older) that provides flexible housing options, services and amenities, as well as round-the-clock care to address the health and wellness needs of residents as they grow older.
CCRCs include at least three levels of care in one location. These are:
2. What are the advantages of living in a Continuing Care Retirement Community (CCRC)?
The great thing about the CCRC model is that it enables you to remain within the same community – and if your needs change and you require health care and supervision – shift to another level of care within the same community.
Remaining within the same community has the following advantages:
3. What levels of care are generally provided in senior living in India?
Generally speaking, you can expect 4 levels of care in senior living in India:
1. Independent Living
2. Assisted Living
3. Skilled/Nursing Care
4. Continuing Care Communities
Most projects in India currently focus on Independent Living projects for seniors. However, progressive real estate companies are now realizing the need for continuing care communities because – both because they are becoming a global trend and on account of the benefits they offer.
4. What type of facilities does a Continuing Care Retirement Community (CCRC) provide?
A CCRC typically provides all of these facilities within a single campus:
As care and services continue to evolve – especially in developing markets like India – CCRCs continue to add additional components to their services mix – such as better medical support and wellness programs, dementia care, etc.
5. Why are Continuing Care Retirement Communities growing all over the world – and in India?
Continuing Care Retirement Communities are growing all over the world – and in India – because there’s a growing demand for them. For the first time in history, by 2017 the total number of seniors worldwide will be greater than the number of kids below 5 years of age .
While developed nations will still have a large number of seniors, the rate of growth in senior population in developing nations like India and China will be double that of developed nations.
Also, this model offers many advantages that other types of communities do not, such as (as mentioned above):
6. What should I know about a Continuing Care Retirement Community before moving into it?
1. What is a Continuing Care Retirement Community (CCRC)?
A continuing care retirement community (CCRC) is an alternative residential option for senior citizens (usually 65 years of age and older) that provides flexible housing options, services and amenities, as well as round-the-clock care to address the health and wellness needs of residents as they grow older.
CCRCs include at least three levels of care in one location. These are:
2. What are the advantages of living in a Continuing Care Retirement Community (CCRC)?
The great thing about the CCRC model is that it enables you to remain within the same community – and if your needs change and you require health care and supervision – shift to another level of care within the same community.
Remaining within the same community has the following advantages:
3. What levels of care are generally provided in senior living in India?
Generally speaking, you can expect 4 levels of care in senior living in India:
1. Independent Living
2. Assisted Living
3. Skilled/Nursing Care
4. Continuing Care Communities
Most projects in India currently focus on Independent Living projects for seniors. However, progressive real estate companies are now realizing the need for continuing care communities because – both because they are becoming a global trend and on account of the benefits they offer.
4. What type of facilities does a Continuing Care Retirement Community (CCRC) provide?
A CCRC typically provides all of these facilities within a single campus:
As care and services continue to evolve – especially in developing markets like India – CCRCs continue to add additional components to their services mix – such as better medical support and wellness programs, dementia care, etc.
5. Why are Continuing Care Retirement Communities growing all over the world – and in India?
Continuing Care Retirement Communities are growing all over the world – and in India – because there’s a growing demand for them. For the first time in history, by 2017 the total number of seniors worldwide will be greater than the number of kids below 5 years of age .
While developed nations will still have a large number of seniors, the rate of growth in senior population in developing nations like India and China will be double that of developed nations.
Also, this model offers many advantages that other types of communities do not, such as (as mentioned above):
6. What should I know about a Continuing Care Retirement Community before moving into it?
Here are some questions to ask (aside from medical care facilities which are a MUST) if you’re considering moving to a continuing care retirement community:
When you move to a continuing care retirement community, you will most likely come across four types of couples:
(i) Well-to-do “empty nesters ” seeking a better quality life
(ii) Retired seniors with early or advanced signs of health care needs
(iii) NRIs returning from abroad or another state
(iv) Seniors looking for short-term stays every year
8. Through what type of financial models can I enter a Continuing Care Retirement Community?
You will typically find one these 3 financial models on offer:
9. Where are CCRC or CCRC type of projects coming up in India?
CCRC or CCRC type of projects are coming up near most of India’s metros – as well as in towns considered traditionally as retirement towns – such as Goa, Dehradun and Coimbatore.
10. Name some companies that are developing CCRC or CCRC type of projects?
Although many companies are selling active senior living projects in India (see list below), Ashiana Housing is the one of the companies selling CCRC(continuing care retirement community) model in India.
Ashiana Housing – with a presence in both North and South India – is one of the largest developers of active senior living projects in India, with:
Companies selling CCRC (continuing care retirement community) projects in India Companies selling active senior living projects in India-
Ashiana Housing Ashiana Housing, Brindavan Senior Citizen Foundation , Classic Promoters, Covai Properties , Impact Senior Living Estate, Paranjape Schemes
Many CCRC(continuing care retirement community) type of projects (i.e. senior living projects) are already operational (or being set up) near major metros like NCR-Delhi, Pune, Bangalore, Amritsar, Coimbatore and Chennai.
11. Can you provide a brief snapshot of the senior population in India?
According to a Jones Lang LaSalle report on Senior Living in India:
Seniors in India are fast evolving into a major market segment – with different needs and wants – which are now gradually being understood and met by the private and public sectors. A very large number of seniors today are well educated, financially independent, stable, well-travelled and socially connected – and are quite clear about how they want to spend time after retirement.
More and more seniors in India are now beginning to view life after retirement as an opportunity – to spend more time with their family, pursue hobbies, develop new interests or even start a new career or business.
Indian seniors present a great opportunity to service providers and entrepreneurs who are now realizing their growing demand for lifestyle services and housing needs.
12. What are some of the major challenges faced by the senior living sector in India?
The senior living sector in India is still in its infancy compared to the US and other developed countries in Europe. Some of the key challenges this sector faces relate to:
The entry of quality senior housing projects providing sound professional services will not only change the way people think about senior living in India but also help remove the social stigma associated with it.
13. What’s the future of Continuing Care Retirement Community (CCRCs) in India?
The senior living industry is poised for tremendous growth, so you can expect to see:
Here are some questions to ask (aside from medical care facilities which are a MUST) if you’re considering moving to a continuing care retirement community:
When you move to a continuing care retirement community, you will most likely come across four types of couples:
(i) Well-to-do “empty nesters ” seeking a better quality life
(ii) Retired seniors with early or advanced signs of health care needs
(iii) NRIs returning from abroad or another state
(iv) Seniors looking for short-term stays every year
8. Through what type of financial models can I enter a Continuing Care Retirement Community?
You will typically find one these 3 financial models on offer:
9. Where are CCRC or CCRC type of projects coming up in India?
CCRC or CCRC type of projects are coming up near most of India’s metros – as well as in towns considered traditionally as retirement towns – such as Goa, Dehradun and Coimbatore.
10. Name some companies that are developing CCRC or CCRC type of projects?
Although many companies are selling active senior living projects in India (see list below), Ashiana Housing is the one of the companies selling CCRC(continuing care retirement community) model in India.
Ashiana Housing – with a presence in both North and South India – is one of the largest developers of active senior living projects in India, with:
Companies selling CCRC (continuing care retirement community) projects in India Companies selling active senior living projects in India-
Ashiana Housing Ashiana Housing, Brindavan Senior Citizen Foundation , Classic Promoters, Covai Properties , Impact Senior Living Estate, Paranjape Schemes
Many CCRC(continuing care retirement community) type of projects (i.e. senior living projects) are already operational (or being set up) near major metros like NCR-Delhi, Pune, Bangalore, Amritsar, Coimbatore and Chennai.
11. Can you provide a brief snapshot of the senior population in India?
According to a Jones Lang LaSalle report on Senior Living in India:
Seniors in India are fast evolving into a major market segment – with different needs and wants – which are now gradually being understood and met by the private and public sectors. A very large number of seniors today are well educated, financially independent, stable, well-travelled and socially connected – and are quite clear about how they want to spend time after retirement.
More and more seniors in India are now beginning to view life after retirement as an opportunity – to spend more time with their family, pursue hobbies, develop new interests or even start a new career or business.
Indian seniors present a great opportunity to service providers and entrepreneurs who are now realizing their growing demand for lifestyle services and housing needs.
12. What are some of the major challenges faced by the senior living sector in India?
The senior living sector in India is still in its infancy compared to the US and other developed countries in Europe. Some of the key challenges this sector faces relate to:
The entry of quality senior housing projects providing sound professional services will not only change the way people think about senior living in India but also help remove the social stigma associated with it.
13. What’s the future of Continuing Care Retirement Community (CCRCs) in India?
The senior living industry is poised for tremendous growth, so you can expect to see: