Looking For A Retirement Home? Here Are 5 Living Options For Senior Citizens
Many senior citizens in India choose a retirement home over the traditional family homes after superannuation because of the convenience they offer. Learn More
Many senior citizens in India choose a retirement home over the traditional family homes after superannuation because of the convenience they offer. Learn More
Retirement homes for seniors
As India witnesses swift transformations in the job and social space, people’s choice of pre and post-retirement home and lifestyles have also changed fundamentally. Many senior citizens today prefer senior community living homes for ease. These Retirement Home places offer a range of facilities, from healthcare, hospitalization, pharmacy, entertainment, and hobbies, to sports, recreational, and voluntary work opportunities, catering to different needs and budgets.
Here are some living options for senior citizens:
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Age-Specific Homes: These dwelling places have age restrictions. For instance, they may allow individuals of a certain age to live in a particular society. The entry into these places could be 55 plus or 60 years. In the West, this type of living is more common. These societies may have multiple housing options like townhomes, apartments, cottages, and shared spaces. The prices vary from one place to another, depending on the area. The residents pay for maintenance, community and social services, etc.
Luxury Senior Living Homes: Senior citizens can also opt for luxury homes after retirement. These places are private communities, providing individuals with all modern amenities, including specialized care, giving them a luxury holiday experience. The facilities may include golf courses, restaurants, film screenings, swimming pools, organized vacations, etc. The apartments and the houses are fully furnished, and an individual can live alone or with a spouse.
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Also Read: 5 Things To Consider Before Choosing A Retirement Community
Independent Living Homes: These homes are for those who do not need special care but want to live independently in a senior citizens’ community. They provide various facilities for social and physical activities to help them stay fit and socially connected. These societies also offer meals and on-site restaurant facilities, but consider your needs and budget before deciding.
Assisted Living Homes: Assisted living is recommended for those who want to live independently but need help in everyday life, like laundry, bathing, medicines, etc. These places provide proper care for specific health needs. The residents can further tailor the services as per their requirements.
Memory Care Homes: Memory care homes are for people with cognitive illnesses like Alzheimer’s and dementia. These places offer proper care to people with mental health, communication, and memory-retention problems. Memory care homes take complete care of an individual’s cognitive health.
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India has improved its overall score to 45.9 in the Mercer CFA Institute Global Pension Index, 2023. However, it has ranked 45th out of the 47 retirement systems surveyed globally
Before applying for a loan, you must avoid things that may put you in a financially difficult situation later. Learn more
The integrated programme for senior citizens (IPSRC) is a social security scheme providing the old needy people food, shelter, healthcare, and entertainment.
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