1. Coimbatore, Tamil Nadu: Coimbatore, known for its pleasant climate, robust healthcare facilities and affordable living, is an excellent choice for retirees. Nestled in the scenic Western Ghats, Coimbatore offers a serene environment with beautiful temples and lush green surroundings. The cost of renting a 2 or 3 BHK apartment ranges from about $250 to $550 (Rs 15,000 to Rs 30,000), making it an economically viable option. The city’s air quality and connectivity add to its appeal, making it a top contender for retirement destinations. 2. Dehradun, Uttarakhand: Dehradun is renowned for its m ..read more

Senior living firm Columbia PacificCommunites is being merged with Ranjan Pai- backed Kites Senior Care. The merger of KITES Senior Living and Columbia Pacific India arm would create one of the largest senior living firms in India. “The merger is under process for the India business of Columbia and is unlikely to impact the existing joint ventures. Columbia Pacific Communities has a net worth of over Rs 25 crore… Read more at https://economictimes.indiatimes.com/industry/services/property-/-cstruction/kites-senior-care-and-columbia-pacific-communites-set-to-merge-for-one-of-indias-largest-sen ..read more

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Market size can grow significantly from the current levels of USD 2-3 billion to USD 12 billion by 2030. Demographic shifts in India to create favourable demand dynamics for senior housing. Low penetration of organized private players creates significant demand & supply gap. The median age of the country is likely to gradually increase from about 29 to 38 by 2050. Similarly, the proportion of aged people (above 60 years) is likely to increase from about 11% in 2024 to 21% in 2050. At the global level, over the next three decades (by 2050), of the 2.1 billion people above 60 years, India w ..read more

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Kites Senior Care, a geriatric care service provider has secured Rs 45 crore in a series A funding round, led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG) through his family office. The funds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while also facilitating expansion into three additional cities across Southern India, the company said. The expansion and growth plan entail a total outlay of Rs 65 crores, with Rs 45 crores being infused by Pai and the remaining Rs 20 crore by the promoters themselves, said Rajagopal, who is the co ..read more

The report titled “Senior Care Reforms in India – Reimagining the Senior Care Paradigm: A Position Paper” relies on secondary sources and information obtained from discussions and deliberations with different stakeholders. NITI Aayog wishes to emphasize that while every effort has been made to present accurate and up-to-date data, NITI Aayog does not guarantee the accuracy of the information and does not accept responsibility for the consequences of using this data. NITI Aayog disclaims any legal liability for the accuracy or inferences drawn from the material contained in the document or for ..read more

We need a second wave in our lives when we get into middle age. Learn something solid. Not for grades, and not as a burden. But as a way to keep growing in our careers, or switch to something new. And equally important – to make life more varied, and satisfying as we get older. That’s why, in my view, the bold package of support** to help Singaporeans get back into a course of learning once 40 years or older, that DPM Lawrence Wong announced yesterday in his Budget 2024, is one of the most important initiatives for our future. Read more at https://www.linkedin.com/feed/update/urn:li:activity ..read more

Government think tank NITI Aayog has pitched for tax reforms, mandatory saving plan, and housing plan for senior citizens in India, as the population of senior citizens is projected to reach 19.5 per cent of the country’s population by 2050. In a report titled ‘Senior Care Reforms in India – Reimagining the Senior Care Paradigm’, NITI Aayog said a national portal for senior care must be developed for senior citizens to provide easy access of services to them. “Since the social security framework in India is limited, most seniors depend on the income generated from their savings. Variable inte ..read more

As we enter the new year, we proudlyannounce that our 10th Anniversarycelebrations at the Global AgeingNetwork’s biennial conference, on 7thand 8th September 2023 was a hugesuccess. The conference which was held atGlasgow in Scotland was attended byabout 30 CommonAge delegates fromacross the Commonwealth. They werejoined by over 650 of their colleaguesfrom nearly 50 countries. Read more at https://www.asli.org.in/wp-content/uploads/2024/02/CommonAge-Annual-NewsLetter-2023.pdf ..read more