Home FEATURED NEWS India Retirement Communities Boom as More Young Indians Work Overseas

India Retirement Communities Boom as More Young Indians Work Overseas

0

[ad_1]

Vandana Agarwal is just 54, however she’s already planning to put a deposit on an residence in a retirement neighborhood near New Delhi that she and her husband will transfer into after they attain their 70s. With their solely son settled within the US, the couple have been looking out for someplace to land as they become old. On a go to to the neighborhood, known as Antara Noida, they have been impressed by the trendy, spacious amenities—and by security options resembling anti-skid flooring tiles, name buttons and docs on standby in case of emergency. “I know my child will not move to India,” Agarwal says. “And we won’t be comfortable in the US if we move there.”

Indian tradition locations paramount significance on respect for elders, with multigenerational households the norm. Yet with tens of millions of Indians pursuing careers overseas and sending money residence to their mother and father, households such because the Agarwals have cash to spend however can not rely on their offspring to look after them as they age. That’s sparked a growth in retirement communities. “We are all living longer, and people want to be more in control of their destinies rather than children making those calls for them,” says Meeta Malhotra, a advisor working with firms constructing senior-care amenities. “More people in the 50s and 60s are proactively beginning to make decisions around their later years.”

Up Next

Why Retiring in India No Longer Requires Living With the Kids

[adinserter block=”4″]

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here