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Senior Housing Project

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Property simplified

PropertySimplified

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Senior housing project to get high demands

SeniorHousingProjecttogetHigh Demands

October31,2016Real Estateaffordable housing for seniors,senior

affordable housing, senior housing developers, SeniorHousingProjectSrishti Chandola

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 appropriatesupply.

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 suchproject.

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

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Senior housing project

demand for this very new future in the real estateindustry.

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 aswell.

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 seniorcitizens.

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 citizenprojects.

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

← Strong Rental Returns are Key to Pune’sSuccess

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RecentBlogs

Senior Housing Project to get High DemandsOctober 31, 2016 Strong Rental Returns are Key to Pune’s SuccessOctober 28, 2016 Give a Traditional Touch to your HomesOctober 27,2016

Why Choose a Ready to Move in Home?October 25, 2016 Huda Plot Policy Annoys OusteesOctober 24,2016

Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEADalumni withexperienceinstrategyconsulting,internetmarketing,venturecapitalhaving beenpartofcompaniessuchas McKinsey, Capital One, PartyGaming and SSGCapital.

Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estatespace.

In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services inIndia.

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