India's elderly population is
growing rapidly. By 2020, it is estimated to double to 177 million, and will
continue to increase to 240 million by 2050. However, the seniors are no longer
able to depend on their families. Their children, India's most economically
active group, are travelling to urban areas and overseas to pursue career
opportunities, leaving 60% of Indian families nuclear; thus, breaking down the
traditional family support system. Therefore, now the seniors look to external
sources for care, backed up by the financial capabilities of their children,
driving the need and subsequently demand for retirement homes.
To satisfy the rising demand, large
real estate developers (Ashiana Housing and Paranjape Schemes) and
healthcare operators (Fortis Healthcare) have been developing a series of
retirement homes across the Indian peninsula. "With associated services,
these houses are higher in value compared to regular housing. Retirement homes
are lifestyle products that have got a business value," said Ankur Gupta,
joint managing director, Ashiana Housing, further highlighting the potential of
India's senior housing industry.
With new players attempting entry
into the new market, partnership activities are forecasted to grow. The
international tie-up of One Eighty and Aamoksh Leisure Living in 2009 is a good
example, spearheaded by Dan Madsen, Sumer Datta and Sanjay Lakhotia
Recognizing the industry's needs,
Retirement Living World India is organized to bring together a distinguished
panel of speakers including Indian and international developers, operators,
investors and other industry stakeholders to address challenges and explore
opportunities.
Participants will discuss
business strategies, market trends, partnership models, investments and
financing opportunities to facilitate growth and successes in India's senior
living industry. Meanwhile, successful case studies, lessons learnt and best
practices will be shared by key speakers from across the world. Debates and
open forum discussions on hot topics, such as how to be mindful of diverse
cultural issues when developing and operating retirement communities, will also
be staged.
Key speaking faculty includes:
Ankur Gupta, Joint Managing Director, Ashiana Housing; Mathew Cherian, CEO,
Help Age India; Geoff Hipkins, CEO, Oceania Group; L. Bradford Perkins,
President & Principal, Perkins Eastman; Sanjay Lakhotia, Director, Aamoksh
One Eighty; Aturva Patel, Director, IDFC Private Equity; Roger Davies, CEO,
MHA; Achal Sridharan, Managing Director, Covai Property; Dr. Sheilu
Sreenivasan, Founder & President, Dignity Lifestyle and many more.
Cross cultural understanding and
partnerships will be formed at Retirement Living World India 2011. This will
further add to the momentum that India's retirement living industry is
building, and hasten the steps India is taking to improve the living standards
of its seniors.
Writer: Ravi Chauhan is a Real
Estate Agent in Noida and he loves to explore the site like Lotus
Greens to polish his experience and skills. He makes wise decisions and
serves his clients to provide maximum profit in real estate industry.