The ongoing Covid-19 pandemic may reshape the future of the senior living segment in India, with demand for such homes likely to move up amid the present uncertainties. In line with the demand, the supply is also expected to increase on the outskirts of metros in addition to the existing supply in tier II and III cities. At present, tier II and III cities dominate the senior living segment with a 60% share of ongoing and completed projects of top 12 developers and operators that have 55 ongoing and ready projects, said Report.
Prominent tier-II cities with these projects include Coimbatore, Puducherry, Kodaikanal, Vadodara, Bhopal, Jaipur, Mysuru, Dehradun, Kasauli, and Kanchipuram, among others. Key Tier-I cities are Bengaluru, Hyderabad, Chennai, Pune, Noida, etc. “Due to the rise of nuclear families, increased life expectancy, and people living across geographies, ‘independent seniors’ are becoming new demography. Such seniors do not settle for traditional old-age homes as they prefer – and can afford – autonomy and peer companionship in well-equipped retirement communities.
According to the United Nations Population Fund & Help Age India estimate, India’s aged population above 60 years is likely to touch 17.3 crores by 2026. The Covid19 is likely to accelerate the demand for senior living – the pandemic has highlighted the elderly’s need for safety, care, well-being, and companionship. “A recurring theme of this pandemic has been seniors living alone, struggling for basics, managing without house help, and anxious about existing and potential medical issues. The need for homes in a setting where these factors are taken care of is now undeniable.
Considering the above factors and demand, Saket Engineers Pvt Ltd., presenting one of its kind Senior Living / Retirement Homes Gated Community Project in Hyderabad i.e., Saket Pranamam. Saket Engineers has extensive knowledge and experience in building Senior Living / Retirement Homes for convenient and comfortable living for Senior Citizens.
Saket Pranamam located in Gowdavalli, near Kompally the Project is surrounded by greenery, a polluted-free atmosphere, fresh air, and healthy and hygienic food. Saket Engineers always believes in People and Nature.
LIVE IN NATURE - LIVE IN SAKET PRANAMAM
Saket Pranamam for those who want to live independently with companionship, dignity, health care, recreation and many more.
Saket Pranamam – Project Highlights: Companionship, Peer Group, Safety and Security, Health Care, Hygienic Food & Centralised Dining, Recreation and many more.
The Project “Saket Pranama” spread across 5.65 acres with 70% of open space, offering 1BHK, 2BHK and 3 BHK with 454 SFT to 1885 SFT respectively with affordable pricing structure and variety of spaces to choose.
It’s an excellent retirement location for Hyderabad seniors seeking the perfect place away, to slow down and enjoy post-55 living.
We couldn’t believe our luck! This is definitely one of the best-gated communities in the city, with all the amenities, security and peace of mind.
I had read about luxurious living but had never experienced it until now. Yes! I am a Bhu: Satva villa owner and now I know what luxury actually means.