Prominent senior living hubs in south India include Coimbatore, Puducherry, Chennai, Bengaluru, Kodaikanal, Mysuru, Kochi and Kanchipuram
South Indian cities are considerably ahead with nearly 65% of the overall reality projects for senior citizens located in the region. As on date, at least 40 projects for senior citizens’ living by top 14 players are within this segment across the country —either under construction or completed and occupied. Of them, 26 projects are located in South India, said a recent report on alternate real estate asset classes, prepared by Anarock Property Consultants.1
Shedding the ‘old age homes’ stigma once attached to facilities for the elderly, senior living homes have become a respectable real estate category — one which, in times of the COVID-19 scare, gains even more relevance.
The aged are a high-risk group for the novel coronavirus — senior living projects have healthcare staff, scalable facilities and processes in place to keep them safe.
- 1. Prominent senior living hubs in south India include Coimbatore, Puducherry, Chennai, Bengaluru, Kodaikanal, Mysuru, Kochi and Kanchipuram. Among these, Coimbatore has the maximum number of projects numbering around seven. The city seems to have emerged as one of the top retirement havens in India due to excellent healthcare facilities, trained staff availability and salubrious climate, the report said.