Mumbai, August 30, 2024: In its recent study on the property registrations in Mumbai (MMR), Knight Frank India cited that the share of overall property registrations by buyers of aged 61+ surged 204%, increasing … READ FULL STORY
India, a country known for its multigenerational households, is undergoing a significant demographic change in recent years. India had 104 million people aged 60 and above as per the Census 2011, contributing to 8.6% … READ FULL STORY
Retirement marks a new phase of life for most people. Investing in a senior living home may be a wise choice for such individuals as these are communities designed specifically to meet the needs … READ FULL STORY
The Maharashtra Housing and Area Development Authority (Mhada) has decided to cancel the 11% reservation for people representatives, state government employees, central government employees and Mhada employees in the EWS and LIG category, mention … READ FULL STORY
Who is a senior citizen in India? A senior citizen in India is a person who is above 60 years and below 80 years during the financial year. Pension, fixed deposits, rental income, post … READ FULL STORY
The goal of designing senior living communities is to enhance and encourage active living, while also making it a place of rest and rejuvenation. There are four main parameters that have to be taken … READ FULL STORY
Senior living housing is poised to become an important residential asset class, as demand for retirement homes is likely to grow exponentially over the next three decades with India’s fast ageing population, according to … READ FULL STORY
As demand for senior living is expected to witness a significant increase amid rising concerns of safety and security in the backdrop of the Coronavirus pandemic, real estate developers across the country have started … READ FULL STORY
The COVID-19 pandemic has fundamentally changed the world as we know it. Uncertainty is running high as individuals contemplate what this crisis means for them, for their families and friends, and society at large. … READ FULL STORY
Elders living in senior living communities have reported higher satisfaction, finds a study by the Association of Senior Living India (ASLI). The study compared seniors living in Delhi-NCR with their families and seniors staying … READ FULL STORY
Announcing a series of benefits for senior citizens, finance minister Arun Jaitley, on February 1, 2018, said the exemption limit on income from interest for them has been raised five times, to Rs 50,000 … READ FULL STORY
Upholding the ‘right of senior citizens or parents to live peacefully and with dignity’, the Delhi High Court has ruled that “As long as the parents have the legal possession of the property, they … READ FULL STORY
The central government introduced the reverse mortgage scheme in 2008. Under the scheme, senior citizens were provided with a facility to get money, in the form of monthly or lump-sum payments, or a combination … READ FULL STORY
