What are the Trends & Growth Projections for Luxury Senior Living in India?

Our country is seeing a major shift in the way retirees and the elderly want to live their second innings. Luxury senior living in India has been seeing an upward trend, with the population in the 60+ category looking for more than just a place to stay. These curated living spaces offer everything from entertainment to first class dining options while also providing the comfort and care they seek. This allows them to live their lives, on their own terms, with the right amount of independence and freedom.

Why are we seeing this shift in luxury senior living in India?

Until one or two decades ago, many people lived in joint families, but today, due to work, living conditions and economic situations, many people choose to live in nuclear families, leaving elders to live on their own sometimes. This is one of the main reasons seniors are choosing to live in senior citizen homes or active living communities. These hubs are a haven of healthcare and luxury services.

What do today’s seniors want from luxury senior living communities?

With exposure and by gaining knowledge, seniors not only want a space that gives them a place to stay but also provides them with active experiences. They also want communities that provide not just safety and healthcare but also happiness, companionship, and purpose.

Today’s elders are:

• Health conscious and seek an active lifestyle
• Interested in learning new things and gain new hobbies
• Looking for spaces with modern amenities and facilities

Luxury senior living in India has slowly adapted this and the developments are such that they encompass all the needs of the seniors, by including wellness centers, cultural activities, concierge services, tie-ups with hospitals and more.

What is driving this and what are the main challenges?

The increase in wealth and net worth of the population is pushing the need for the establishment of more senior living homes, especially in the luxury sector. Families also don’t mind spending more knowing that their elders are well taken care of and are availing the best services. The main challenge however is that there is still a growing demand with a limited number of homes across the country that provide this level of service. Despite this major challenge, the awareness is still growing and will soon see more elders taking this up in the near future.

If you are looking for luxury senior living in India, and especially in Coimbatore, do not miss taking a look at Paripoorna’s Aishwaryam. Located at Sriuvani Main Road in Perur Taluk, we offer top notch care and support along with unmatched services and amenities to our beloved senior residents. The elders feel at home as our well trained staff take utmost care of them, like their own family members. Call us at +91 99432 99918 to know more about our services and offerings or do give us a visit to check out the property for yourself and talk to our residents to know their experiences, first hand. Welcome to blissful living and golden years that you will truly enjoy!