Investing in retirement homes is becoming a new trend among young professionals who have good income ratio. According to them, a retirement home is that secure future asset which provides them a safer living as well as a problem-free life post-retirement.
With increasing demand in this segment, many leading realtors across various cities of India have started developing such housing projects that especially caters to the professionals need.
Leading the list is Hyderabad which is quite preferred among today’s millennials who are looking to invest in a retirement home. Due to connectivity, better infrastructure and pleasant climatic conditions as well as the presence of villas and plots; many localities in Hyderabad have emerged as a popular investment destination. Some of the popular localities include Nallagandla, Kompally, and Chandanagar.
Another hot investment destination among working professionals is Pune. This city enjoys favourability due to the scenic surrounding, tranquil environment, green environs, and enjoyable weather. Wagholi, Baner, Wakad are some of the preferred localities among developers to construct retirement housing projects.
Talking about the NCR regions, Tier-II cities like Chandigarh, Haldwani, and Indore are emerging as best locations for the development of retirement home. Because of well-suited climatic conditions, less pollution, better connectivity and calm surroundings millennials prefer to invest in these cities.
Last but not least, India’s known IT city i.e. Bengaluru is not only popular among home buyers but also is a preferred choice when it comes to investing in a retirement home. Bangalore enjoys an edge over other cities due to safety, security and pleasant weather. Even many NRIs also love to buy a retirement home here. Among all the localities, Yashwantpur is most favourable due to connectivity and better infrastructure facilities.