The 7 Best Cities to Purchase Senior-Friendly, Retirement Homes in India
The decision to choose the right city to retire in – is a huge one. There are several concerns to be addressed like – standards of living, affordability, accessible health care facilities, distance from children, safety rates, overall weather and more. Priorities vary from one individual to another. Here, in today’s post, you can find a list of the top 7 cities that rank consistently high as the best cities in India to buy senior-living homes.
Overview of the Growth of the Retirement Home Market in India
According to numbers released by the census of 2011, India had over 100 million senior citizens, and it’s predicted that the numbers will double by 2030. With families adopting nuclear set-up and children moving overseas or to other cities for work and education, there is a sharp increase in the number of seniors living alone or with their ageing partners.
This has led to an increased demand for senior-friendly retirement communities. These are residential communities with an array of amenities and features geared for seniors. From essential services like housekeeping, maintenance, security, running errands, healthcare, food and diet to value-added features like recreation zones, clubhouses, indoor and outdoor sports activities – senior living communities offer everything for seniors to enjoy their golden years in care and peace.
Until a few years ago, senior living communities in India were non-existent. With increasing demand and the popularity of this property model, there’s a huge increase in affordable and comfortable senior living homes across the country.
With that said, some cities enjoy are better suited to meet the needs of seniors than others. While the ideal city to retire would be the city in your home state where you have lived during your working years, there are other factors to consider like regional language, weather, culture, population density, safety, cost of living, etc. Two other key considerations while choosing a retirement city are easy access to medical assistance and CCRC facilities.
Here, we share with you the list of top seven cities in India that are favoured by retirees.
Top 7 Cities to Purchase Retirement Homes in India
1. Lavasa, a hill-station near Pune
One of the top things that make Lavasa one of the best cities to live after retirement is undoubtedly its pleasant climate, all-year-round. Pune often finds a place on all lists that rank the top places to retire in India. It’s even referred to as the city of pensioners, due to a large number of retired residents.
What makes Lavasa all the more unique is that it’s a quaint hill-station, away from the hustle and bustle of the city. The wide expansive spaces, rolling green hills, make it feel like a slice of paradise. Affordable medical aid and availability of quality senior-friendly homes within a budget range makes Lavasa an ideal choice for retirees.
Bhiwadi is an upcoming destination that has not yet attained the national spotlight. Though technically located in Rajasthan, Bhiwadi’s strategic location on the NH8 highway makes it a great choice for retirees in the NCR region. It’s located just 40kms from Gurgaon, 60kms from Faridabad and 55kms from the Indira Gandhi International Airport.
Furthermore, the costs of living in Bhiwadi is lower compared to Gurgaon, Noida, Delhi, and other neighbouring cities, while Bhiwadi offers similar infrastructure and standards of living compared to the metros. Green spaces, well-laid roads, a large number of private hospitals, nursing homes, and clinics make Bhiwadi an excellent choice for retirees.
Hence, it comes at no surprise that there is a significant retiree population in this city with communities like Ashiana Nirmay and Utsav housing 800+ seniors.
Since Bhiwadi is an emerging market; property prices are lower making it an affordable choice for seniors looking to purchase their retirement homes.
Also known as the Pink City, the capital city of Rajasthan manages to straddle the old and the new with ease. Jaipur is a bustling tourist centre and a commercial zone all wrapped into one, offering all the amenities and facilities of a metropolitan city.
Congestion-free roads, ample parking facilities, expansive open areas, plenty of health clubs, a vibrant dining scene make Jaipur one of the top destinations for retirees not just from India, but also overseas. Yes, a large number of seniors from the UK, USA, and other countries prefer Jaipur to spend their retirement years.
Chennai, the capital city of Tamil Nadu, is considered as a retirement haven for seniors as the trend in Southern India is changing. Social infrastructure, lower living costs compared to the other metros like Bangalore, Mumbai, and Delhi, Chennai offers a safe and secure space for retirees to spend their golden years. Chennai is considered the health capital of India. Availability of skilled nursing, modern healthcare facilities, no waiting periods at hospitals make seniors choose Chennai to retire.
Though Chennai’s summers can be quite intensive, by choosing retirement homes that have the right infrastructure and amenities, you can escape the scorching summers with ease.
The second largest city in the southern state of Tamil Nadu, Coimbatore is one of the top retirement cities in the country. Nestled near the majestic Western Ghats, Coimbatore has pleasant climate all-round-the-year.
When compared to Chennai, the capital of Tamil Nadu, the cost of living in Coimbatore is lower. With large parcels of land available at affordable rates away from the city centre, Coimbatore has seen the rapid development of retirement communities.
Excellent healthcare facilities, low pollution, and reliable public transportation make Coimbatore one of the top cities preferred by pensioners in India.
The Silicon Valley of India, buzzing Bangalore is not the first destination that comes to mind when considering retirement. Though the city is notorious from insane traffic jams, high costs of living, it still has plenty going for it, to be considered by seniors looking to retire.
The biggest benefit of retiring in Bangalore is that you have a plethora of medical institutions offering world-class healthcare all around the city. With efficient and modern commercial and social infrastructure, Bangalore makes it easy to make friends, even after retirement.
If you are brave enough to handle the chaos of this busy city, then Bangalore may work out for you to spend your golden years in style. However, keep in mind that Bangalore along with Mumbai is one of the costliest property markets in the country, making it expensive to purchase a home to spend your retirement years.
Just like Bangalore, Mumbai is another top metro that is an unlikely contender in the race for the best cities to retire in. The drawbacks of Mumbai are similar to Bangalore – sky-high property prices, congestion, traffic, pollution and the chaos of a big city.
But, if you have family residing in the city, or if you prefer cities then Mumbai may be a good choice for you to retire in.
Which City Do You Prefer?
There’s no one best city that works for all retirees. There are several factors to consider – finances, healthcare, proximity to family, amenities, preferences and more. Ultimately, the choice is a highly personal one. Make sure to consider the pros and cons of each city listed here and pick the right retirement destination that makes it possible for you to enjoy the golden years of your life in peace and happiness.