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Senior Housing Project to get High Demands affordable housing for seniors, senior affordable housing, senior housing developers, Senior Housing Project Srishti Chandola October 31, 2016

Real Estate

The demand for exclusively designed houses for Indians during the sunset years may be growing but the swing of the issues has clearly ensured that it has rarely met with any appropriate supply.

The builders have stayed away from all the segments largely as although there has been demand, numerous senior citizens remained financially dependent on the children and thus their approval is needed. At the same time, various builders have not yet woken up to the idea of the parents staying away from their children. The builders are also not showing any patience to see through any such project.

In fact, the concept of having separate homes for the senior citizens was previously discussed at the national governing council meeting of the Confederation of the Real Estate Development Association of India (CREDAI) in Pune, lately.

Some of the CREDAI members have not agreed that there were senior citizens those were ready to stay away from their children. It has been observed that the developers need to be aware of the fact that there is enough demand for separate homes for senior citizens and it has to be taken very positively. Also, experts believe that the builders will come ahead to fulfill the open in browser PRO version

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demand for this very new future in the real estate industry.

Although, there have been numerous experiments in building homes for the senior citizens, but not all of them have met with success. Very few builders still design the projects especially for the senior citizens with numerous amenities such as ramps, picnic switches, but these are very few and far as well.

It has been observed that the developers have miserably failed when they tried to come up with housing projects for the senior citizens. The major concern for the senior citizens is that they are not willing to go to a peripheral location due to social infrastructure and security reasons.

The senior citizens, of course, don’t take such decisions on their own as they are financially dependent on their children who of course would not take any risk with their parent’s security and social lifestyle. Even the loans are not available for the senior citizens.

On the other hand, there are some projects that are successfully pulled off for the senior citizens. Numerous projects in cities like Bangalore, Vadodara and Pune have paid off pretty well for the developers under the senior citizen projects.

The senior citizen housing are specialized products and these does not take a lot of time to construct but the developers need to understand the demand of the senior citizens and understand that the maximum demand is the mid-segment apartments which costs between Rs 30-50 lakhs. As soon as the developers understand the basic requirement of the senior citizens, in no time its demand would increase and the developers would earn some good profit.

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← Strong Rental Returns are Key to Pune’s Success

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Favista Real Estate Pvt Ltd Yesterday at 03:47

#Deepawali hearty congratulations to all of you guys. आप सब दो त को दीपावली की हा दक बधाईया। Team - #Favista stay blessed

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