In India, Goa and Kerala are increasingly becoming the preferred locations of people to spend the retirement years of their life. Goa, especially, is quite popular with NRIs and affluent Indians who are looking to settle down in a peaceful and beautiful location after retirement. Due to this, the number of retirement homes in Goa has increased considerably. Property developers have also identified the opportunity and are coming up with customized retirement homes for senior citizens in Goa. The trend has picked up in the last 6-7 years and is growing fast now with more and more people opting to buy property in Goa. The concept of retirement homes is relatively new but the advantages that come with a retirement home are so many that it has fast caught the eye of people in this segment.
There are many reasons why Goa is a preferred destination. While pleasant weather and beautiful beaches are the main attraction, Goa also boasts of good medical infrastructure, urbanized culture and peaceful and hospitable society. Then, the rich culture of the place combined with its exquisite cuisine and diverse flora and fauna are a perfect magnet for people in the latter years of their life. The people are welcoming and the whole ambience is quite relaxed. Also, Goa property price in are still under control. For the cost of a flat in Mumbai or Pune, one can buy a bungalow in Goa.
Now, professional builders have jumped into the real estate market of Goa and are coming up with designer serviced apartments that have been specially made made to suit the needs of senior citizens. Concerns like security, healthcare and entertainment are well taken care of in these apartments. The builders are also using the tourism advantage of Goa to attract foreigners and NRIs. Thus, these homes in Goa are a big hit among this audience. For the elderly, health is a big concern and if that is taken care of, these homes will sell like hot cakes.Â
With longer life expectancy of people, the years after retirement constitute a significant time of life. With freedom from work responsibilities, people look to settle down in an environment that gives them peace but not dullness. For such an audience, Goa is the perfect place. Also, if their daily needs are taken care of and there is someone to look after their health needs, these houses can become a big hit. Within next 5-10 years, these concept homes are going to garner huge traction.
In fact, looking at the popularity of retirement homes concept, international investors are also investing in such projects in Goa. Currently, the houses available are more in the upper end and are affordable by the affluent only. However, the market sentiment is that as the concept picks up, more affordable homes will be available in Goa. With NRIs and foreigners across Europe, US and South-east Asia interested in such flats in Goa, the market will see a boom in the years to come.
There are many reasons why Goa is a preferred destination. While pleasant weather and beautiful beaches are the main attraction, Goa also boasts of good medical infrastructure, urbanized culture and peaceful and hospitable society. Then, the rich culture of the place combined with its exquisite cuisine and diverse flora and fauna are a perfect magnet for people in the latter years of their life. The people are welcoming and the whole ambience is quite relaxed. Also, Goa property price in are still under control. For the cost of a flat in Mumbai or Pune, one can buy a bungalow in Goa.
Now, professional builders have jumped into the real estate market of Goa and are coming up with designer serviced apartments that have been specially made made to suit the needs of senior citizens. Concerns like security, healthcare and entertainment are well taken care of in these apartments. The builders are also using the tourism advantage of Goa to attract foreigners and NRIs. Thus, these homes in Goa are a big hit among this audience. For the elderly, health is a big concern and if that is taken care of, these homes will sell like hot cakes.Â
With longer life expectancy of people, the years after retirement constitute a significant time of life. With freedom from work responsibilities, people look to settle down in an environment that gives them peace but not dullness. For such an audience, Goa is the perfect place. Also, if their daily needs are taken care of and there is someone to look after their health needs, these houses can become a big hit. Within next 5-10 years, these concept homes are going to garner huge traction.
In fact, looking at the popularity of retirement homes concept, international investors are also investing in such projects in Goa. Currently, the houses available are more in the upper end and are affordable by the affluent only. However, the market sentiment is that as the concept picks up, more affordable homes will be available in Goa. With NRIs and foreigners across Europe, US and South-east Asia interested in such flats in Goa, the market will see a boom in the years to come.