| In India, Goa and Kerala are increasingly becoming | | | | with designer serviced apartments that have |
| the preferred locations of people to spend the | | | | been specially made made to suit the needs of |
| retirement years of their life. Goa, especially, is | | | | senior citizens. Concerns like security, healthcare |
| quite popular with NRIs and affluent Indians who | | | | and entertainment are well taken care of in these |
| are looking to settle down in a peaceful and | | | | apartments. The builders are also using the |
| beautiful location after retirement. Due to this, the | | | | tourism advantage of Goa to attract foreigners |
| number of retirement homes in Goa has | | | | and NRIs. Thus, these homes in Goa are a big hit |
| increased considerably. Property developers have | | | | among this audience. For the elderly, health is a big |
| also identified the opportunity and are coming up | | | | concern and if that is taken care of, these homes |
| with customized retirement homes for senior | | | | will sell like hot cakes. |
| citizens in Goa. The trend has picked up in the last | | | | |
| 6-7 years and is growing fast now with more and | | | | With longer life expectancy of people, the years |
| more people opting to buy property in Goa. The | | | | after retirement constitute a significant time of |
| concept of retirement homes is relatively new but | | | | life. With freedom from work responsibilities, |
| the advantages that come with a retirement | | | | people look to settle down in an environment that |
| home are so many that it has fast caught the | | | | gives them peace but not dullness. For such an |
| eye of people in this segment. | | | | audience, Goa is the perfect place. Also, if their |
| | | | | daily needs are taken care of and there is |
| There are many reasons why Goa is a preferred | | | | someone to look after their health needs, these |
| destination. While pleasant weather and beautiful | | | | houses can become a big hit. Within next 5-10 |
| beaches are the main attraction, Goa also boasts | | | | years, these concept homes are going to garner |
| of good medical infrastructure, urbanized culture | | | | huge traction. |
| and peaceful and hospitable society. Then, the rich | | | | |
| culture of the place combined with its exquisite | | | | In fact, looking at the popularity of retirement |
| cuisine and diverse flora and fauna are a perfect | | | | homes concept, international investors are also |
| magnet for people in the latter years of their life. | | | | investing in such projects in Goa. Currently, the |
| The people are welcoming and the whole | | | | houses available are more in the upper end and |
| ambience is quite relaxed. Also, Goa property | | | | are affordable by the affluent only. However, the |
| price in are still under control. For the cost of a | | | | market sentiment is that as the concept picks up, |
| flat in Mumbai or Pune, one can buy a bungalow in | | | | more affordable homes will be available in Goa. |
| Goa. | | | | With NRIs and foreigners across Europe, US and |
| | | | | South-east Asia interested in such flats in Goa, |
| Now, professional builders have jumped into the | | | | the market will see a boom in the years to come. |
| real estate market of Goa and are coming up | | | | |