Decide or fix a retirement house you can pay for

Under the older livelihood theory you can say old age there are two sector First one independent living and assisted living. In assisted living you will get 24x7 facility and is for senior citizens who need a help. Independent living is for active senior citizens who can take care of them. Most retirement scheme give both the services in the same space.

In April 2013 Senior Living Sector in India, by Jones Lang LaSalle India at present there are Thirty finished retirement or senior citizen plan or project in India. In Bangalore 7 projects the highest in India, and there are Thirty more such projects in the pipeline across the country.

The facilities that are there is

1-Medical care

The medical facility that is there it depends from project to project

Ashiana Housing Limited Ashiana consider in people. It believes that there is something more to it than a business dealing according to them the services they provide are they take in 24x7 ambulance service treatment, a round-the-clock nurse and OPD service, among others. They have a tie up with medical care providers.

For example for healthcare Tata Housing Development Company Limited in Bangalore has tied up with Apollo Healthcare Limited for all the services.

2-Food

Most of the retirement homes give a mess services

According to Ashiana Utsav Care Home they have a services for the Senior is that the

basic list of options which is planned is based on senior citizens. For citizens who have particular needs Ashiana Utsav Care Home provide customised food. The charges of theses food they charge is depend upon builder to builders.

For Example  Athashri’s mess charges Rs.Fourty Five per lunch plate while Ashiana charges Rs. Sixty per mini thali and Rs. Eighty per thali. But they cannot be match up to one-on-one as the food superiority and other factors change.

The restrictions that are there is for

1-Age limit

Like a normal project here the person whose age is 55 years and above can stay. If your spouse is below  age of Fifty Five she can stay with you and children can visit you also. There are also a limit on visiting days of around 60-90 days

2-Inheritance and resale

Like any other project your child can take over the house.but she cant live in the house until and unless she become a senior citizen. That is she can rent the house for any senior citizen otherwise she can keep the house close. Or otherwise wait for her age until she become a senior citizen. Specially the senior citizen houses are for the rich people those who can afford itor have non-resident Indian children who can have enough money to buy these property. If you want to sell the property the person who want to sell should be a senior citizen.

3- Costs

If you are set up to buy a retirement home you will have to spend more on the retirement house rather than normal house.

4- Electricity, food, water and other services are charged based on consumption.

5-No assurance of hospital services

-Though the project has hospital services but they don’t give any assurance.

-Tata Housing which has a tie up with Apollo Hospitals The medical services will be provided by Apollo Hospitals but Tata Housing will not take any assurance or promises of the hospital services.

What should you do?

To get an thought of the idea and whether it go with you you can start with renting the room. As you will be spending around Ten to Twenty years in the retirement home go slow on the buying method. You can rent it out first to get a feel of it.

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