Business Standard

Retirement societies spread in cities as elderly seek care and company

As India ages, the market to serve the elderly is expected to be worth almost $18 bn in five years

Elderly, Senior citizen
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Elderly citizens get care and company in senior living societies. (Representative photo)

Namrata Kohli New Delhi
Ramanan Rajaraman planned living in his apartment in Bengaluru when he retired after working for a state-owned company. Then he and his wife read about a retirement or senior living community in Karnataka’s capital city and decided to move there after renting out their apartment.

“In a regular gated community, community activity is less and interaction with neighbors limited. In a senior living community, practically everyone knows each other and this creates a pleasant atmosphere,” says Rajaraman, 76.

A typical senior living community provides residents dining, housekeeping, clubhouse, group activity, and attendants. “Of course, one tends to see different age-related

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