Prakash and wife Purnima, both doctors and in their 50s, are busy planning their life ten years from now, and a home that is equipped to take care of all their needs for an independent living is their top priority.
Indians are increasingly craving for ideal retirement homes, quite like the American trend.
And, real-estate players are in no mood to let go of this opportunity, established firmly by numbers.
Although India's young population, with more than 50% of its people falling below the age of 25, is seen as the country's strongest point, it is also ageing rapidly.
According to projections, India's older population would rise significantly by the middle of the century.
People aged 60 and above may increase from 8% in 2010 to 19% in 2050, according to United Nations Population Division.
India is likely to have as many as 323 million 'seniors' by the middle of the century.
So when last year Max India announced entry into the senior living business with an investment of Rs 240 crore through group firm Antara Senior Living Pvt Ltd, it promoted the project as fun and laughter, 60 and after'.
Text: Business Standard