Retirement communities, commonly referred to as senior living residences or old age homes, are residential establishments built for senior persons who need assistance with daily activities. With access to healthcare, meals, and social activities, these facilities provide seniors a cozy and safe place to live.
As more and more families find themselves unable to care for their elderly loved ones at home, retirement homes are becoming more and more popular in India, especially in urban regions. The Confederation of Indian Industry (CII) reported that during the following five years, the demand for retirement homes in India is anticipated to increase by 10-15% yearly.
Maharashtra, a state in India, has more than 1,000 facilities, making it the state with the most old age homes. The states of Tamil Nadu, Karnataka, Andhra Pradesh, and Delhi also have a sizable number of retirement facilities.
According on the area and the level of care needed, the cost of living in an Indian retirement home varies. In India, a retirement home might cost anything from Rs. 15,000 to Rs. 50,000 per month on average. But the monthly cost of some luxurious retirement communities can reach Rs. 1 lakh.
In Kerala, there are about 700 senior housing facilities as of 2021. These facilities offer a variety of services, including fundamental care and specialist medical attention for elderly people with illnesses like dementia and Alzheimer’s.
Kerala is home to a sizable number of orphanages in addition to retirement communities. In the state, there are more than 100 orphanages that care for and support kids who have lost their parents or have been abandoned as of 2021.
In conclusion, retirement communities offer an invaluable service to elderly people who need help with everyday tasks and are unable to live alone. There are currently thousands of facilities all throughout India thanks to the rising popularity of retirement homes. Even while living in a retirement home might be expensive, it is frequently the best choice for elderly people who need specialized care and support.
The rise of retirement homes in Kerala can be attributed to a number of factors. The younger generation might not have the time or finances to care for their aged parents as a result of the shifting family structure. The longer lifespans that have resulted in an increase in the senior population are another factor. Retirement communities also give elders who might otherwise be alone a sense of community and socializing. Last but not least, the demand for senior-specific healthcare and facilities has fueled the development of retirement communities in Kerala.