Professional Documents
Culture Documents
98
million
Elderly people in India today
Total population of UK & Canada put together
240
million
by 2050
3.8%
per annum
Growth rate (compared to
1.8% overall)
12.6
60+
27
million
Fastest growing
demographic segment in
the world
CHALLENGE OR OPPORTUNITY?
The senior living sector in India is at a crossroad. With the recent relaxation of Foreign Direct Investment (FDI) restrictions on investments
in the sector and a population of seniors (nearly 100 million seniors in India now) to cater to in the coming decades, there clearly exists an
untapped opportunity for investment and development in this sector. Unlike western countries where the senior living industry has gained
maturity, India provides an opportunity to developers, service providers, healthcare players and operators to create solutions specific to
India while leveraging learning from across the world.
In this white paper, we showcase seniors in India as a demographic segment, bring out key trends in senior housing in India, assess overall
market potential, focus on best practices, and bring out for the first time a pan-India preview of senior living projects in India. Jones Lang
LaSalle intends to keep this white paper at an introductory level and will bring out subsequent editions providing more in-depth analysis of
specific aspects of senior living.
As per the findings by National Family Health Survey in 2005-06 (NFHS-3), every three out of five households (about 63%) in India are nuclear.
76m
7.4%
8m
7.5%
98m
8.2%
118m
9.3%
1m
10.7%
173m
1.%
001
006
011
016
01
06
100
Million
1000
800
600
00
00
0
Rest of Population
Population 60+
66
60
0
77
75
61
58
9
1
1
9
8
0
0
1991
001
Rural
Urban
008
Female Urban
Male Urban
2001
2006
2011
2021
70-7
60-6
50-5
0-4
0-3
0-2
10-1
0-
Seniors now consider life after retirement as an opportunity to spend more time with families, pursue hobbies, develop new interests or even
continue working or starting a new career. While it is true that the seniors are more independent and better equipped to take decisions post
their retirement, it is equally correct to say that their needs are not rightly understood and therefore not met appropriately by both public and
private sector at large. The senior community presents a tremendous opportunity to service providers and entrepreneurs to not only innovate
on their housing needs but addressing their various lifestyle service and product needs.
SPIRITUAL
FINANCIAL
EMOTIONAL
Holistic
Living
ENVIRONMENTAL
INTELLECTUAL
PHYSICAL
SOCIAL
Financial
Reduced source of
income
Legal
Practical
Emotional
Healthcare
Government tax
machinery
Increase in loneliness
Dementia
Property maintenance
Geriatric problems
Lack of companionship
Unsafe travel
Affordability
Despite demand, senior living in India is far from a flourishing reality
owing to issues of affordability. Divided between diminishing finances
post-retirement and an aspiration to live independently, the higher
perceived operating expenditures of a senior housing community
reduce seniors interest in such projects. As per research undertaken
by Jones Lang LaSalle, viable operating expenditures in a senior
living facility will range anywhere between INR 15,000 25,000
per month at the standard level and INR 35,000 - 45000 per month
per couple at the luxury level (inclusive of food, security, common
utilities, engagements, activities, preventive wellness, common
transport but excluding medicines, unit level utilities, and real estate
costs).
Manpower
Senior care requires trained manpower at various levels from
doctors trained in areas of geriatric sciences, paramedical staff,
care workers, and professionals who have working experience in
designing, executing and operating senior living projects. In absence
of trained senior care manpower, current housing solution providers
often use people from hospitality and healthcare background. While
this is a good start point, there is a need to setup focused institutions
and spread awareness of the sector as a viable career option
offering tremendous opportunities in the long run.
Legal Framework
Though The Maintenance And Welfare Of Parents And Senior
Citizens Bill 2007 provisions for the maintenance and welfare of
parents and senior citizens, the country is yet to see any major
progressive legislation in areas of senior living standards, service
standards, financial products, legal support etc. There is a need to
bring in innovations in provisions related to reverse mortgage and
Independent Living
The continuum of care for seniors begins with Independent Living
(IL). Typically, an IL unit is not different from traditional housing
but is better designed from an architecture standpoint with various
design interventions taking care of seniors. These could range
from better lighting, mobility facilitation, and aspects of universal
design. Bathrooms and kitchens are designed to accommodate
wheelchairs and walkers, hallways and doors are wider and tiles and
flooring are anti-skid. Socialization plays an important role in uplifting
the atmosphere of the IL and improving the health stature of the
residents.
Assisted Living
Assisted Living (AL) units allow residents to have access to care
workers who can assist the residents in day-to-day activities. It
is possible in the Indian context to merge IL and AL and having
provision for care worker rooms within the IL units. Such care worker
units could double as an office in the younger stage and allow for
a 24/7 care worker stay if required in later years. Both in IL and AL,
residents have access to short and long term nursing needs, if and
when necessitated, while enjoying the environment similar to their
home. This reduces the need to travel to hospitals and also instills a
healthy form of lifestyle so as to slow effects of ageing.
this stage with availability of nursing aides and assistants; physical, occupational and speech
therapists; social workers and recreational assistants; and transportation. Greater care is required
in a timely and appropriate manner. The prime objective during this stage is to provide a holistic
and yet home-like environment to the residents.
Progressive projects now allow IL, AL and SNC and optionally Alzheimer care facilities all within
one campus however, they may be phased over a period of time. This allows for a continuum of
care and residents benefit from having all facilities in one campus-like environment. Such facilities
get termed as Continuing Care Retirement Communities. CCRCs are yet to see a presence in India although a few corporate groups have
now designed blue prints to come up with such projects.
Figure 6: Levels of Care in Senior Housing Facilities
50-70 years
65-75 years
Above 70 years
Independent Living
1 3 Bed room
independent apartment or
villa / cottage
Maintenance,
Housekeeping, Security,
Travel needs, Social needs
taken care of
Above 50 years
Senior housing formats vary from small scale Urban Formats to large scale Suburban Formats. Due to lack of availability of land parcels within
the city, the urban formats are typically planned vertically, while suburban formats are low-rise developments spread over a larger expanse.
Figure 7: Format of Senior Living Facilities
Urban City
Centre
Formats
Peri-Urban
Formats
Sub-Urban
Formats
Is your Site Suitable for a Senior Living Facility? What Factors are Important?
Senior living projects are specialized projects and therefore have unique location requirements which can make a difference between an
average and a successful project. Most Indian cities have options in growth corridors to locate a senior living project. However, factors such
as availability of healthcare, social ecosystem, connectivity besides the aesthetics of the site ecosystem continue to play a major role in
selection by senior residents.
Figure 8: Factors to Consider While Selecting a Location for Building a Senior Living Facility
Healthcare
Accessibility
Growth Perspective
Social Ecosystem
Connectivity
Crime Rate
Congestion Index
Presence of social
facilities such as
temples, clubs, retail
mall, entertainment and
recreation facilities in the
nearby catchment.
Connectivity to the
major city nodes, activity
hubs and employment
workplaces. Considers
both existing & proposed
infrastructure initiatives
within the city to ease
commute.
Incidences of crime or
the perceived sense
of security or the lack
thereof in different
pockets of the city.
Sometimes a suburban
undeveloped area can be
perceived as risky from a
crime perspective in-spite
of site level security.
Education
Ecosystem
Employment
Destination
Access to employment
hubs and facilities play
a strong role since
seniors especially in the
independent living stage
want to stay employed
even if it is part-time or
consultative employment.
Aesthetic
Ecosystem
Expected growth in
Presence of well
terms of civic amenities
maintained public parks,
and infrastructure in a
roads, water bodies,
particular corridor. Senior visual image of built form,
residents will want to
control of density, general
benefit from locating in
cleanliness etc found
growth corridors and
within locations in each
take advantage of capital
corridor.
appreciation.
Land Value
A suitable location for setting up a CCRC is one which scores high on the positive attributes such as healthcare accessibility, social
ecosystem and connectivity; and low on negative attributes such as land value, congestion and crime index. Healthcare accessibility, social
ecosystem and connectivity are important considerations for the seniors and hold higher weightage. The good thing about senior living is that
it is possible to move out of the city into more affordable zones. However, the developer has to be cautious that the project does not go too
much off the social and economic connect of the city in which case the project will face difficulties from an occupancy perspective.
Demand for senior living comes from a variety of customer segments with varying needs and wants. However, primarily the need for better
healthcare in old age, secure surroundings, and a social support system designed to take care of the senior are prime drivers for demand for
such assets. The four primary types of customers as per our research are:
Figure 9: Types of Senior Living Occupants
TYPE 1
Aspirational well-heeled empty
nester couple wanting a better
quality life
TYPE 2
Aging retiree facing early or
advanced signs of constant
health care needs
TYPE 3
TYPE 4
In terms of market numbers, in an analysis of 135 urban cities / towns in India with a total population of 223 million and total 52 million
households, households with seniors represent 12.8 million households (24.6%). Of these 12.8 million senior households, the demand for
formal senior living facilities from varying SEC and income typologies will be about 312,000 units. The break up of these 312,000 units per
SEC, Income and geography is shown in Figure 10, 11, 12 and 13. Typically the ticket price for high-income senior units would be between
INR 50 75 lakhs or above, mid-income will be INR 25 50 Lakhs, low-income between 10 25 Lakhs and BOP below INR 10 lakhs.
(INR 1 lakh = INR 100,000)
Figure 10: Pan India Senior Living Demand Distribution of
Urban Households per SEC and Income Level
High
Income*
Mid
Income
Low
Income
BOP
SEC A
15,381
16,168
17,838
14,920
SEC B
5,629
10,917
16,933
30,605
SEC C
1,843
6,159
13,049
37,436
SEC D
3,077
5,941
11,530
54,518
SEC E
290
643
2,206
47,372
* High Income (Annual income > INR 15 lakh), Mid Income (INR 7.5 15 lakh annual
income), Low Income (INR 3 7.5 lakh annual income) and BOP (Annual income
below INR 3 lakhs)
Source: Jones Lang LaSalle Education, Healthcare and Senior Living, 2011
Source Data: Indicus Analytics
Mid
Income
Low
Income
BOP
Tier 1 Cities
11,505
13,810
19,171
48,457
Tier 2 Cities
4,154
6,449
9,229
30,751
Tier 3 Towns
10,561
19,570
33,156
105,643
Source: Jones Lang LaSalle Education, Healthcare and Senior Living, 2011
Source Data: Indicus Analytics
Mid
Income
Low
Income
BOP
North
6,544
9,402
13,620
40,934
East
3,774
6,687
10,951
34,636
Far East
216
415
773
2,636
West
8,482
12,348
18,536
41,218
South
6,829
10,407
16,745
60,533
Central
376
571
931
4,892
Source: Jones Lang LaSalle Education, Healthcare and Senior Living, 2011
Source Data: Indicus Analytics
Figure 13: Pan India Demand for Senior Living Housing Units
By SEC Typology
10, 2%
50511, 16%
64307, 1%
75066, %
608, 1%
1051, 16%
58487, 19%
SEC A
SEC B
49387, 0%
058, 16%
33479, 6%
SEC C
SEC D
SEC E
SEC A
By Product Typology
SEC B
SEC C
SEC D
SEC E
60, 8%
85, 1%
989, 1%
5, 18%
8961, %
18850, 59%
61556, 0%
47819, 6%
High Income
Mid Income
Low Income
High Income
By Tier of City
Mid Income
Low Income
By Regional Geography
1877, 1%
9565, %
981, 27%
86, 5%
63287, 9%
111, 17%
198, 16%
Tier 1 Cities
Tier Towns
Source: Jones Lang LaSalle Education, Healthcare and Senior Living, 2011
Source Data: Indicus Analytics
965, 1%
North
East
105, 1%
Far East
West
South
Central
Ashiana Pune
Ashiana
Bhiwadi
700 -100 sq ft
0 -700 sq ft
Size of Unit
100 - 000 sq ft
Figure 14: Senior Housing Projects in India with Offered Unit Sizes and Pricing
Covai
Comb
Retirement Projects
Impact
Amritsar
Bahri
Kodaikanal
Size Range
Athashri
Pune
Clasic
Brindavan Comb
Chennai Dignity
Mum
Dignity Chennai
Riverdale
Cochin
Golden
Nest
Pune
Godhuli
Kolkata
Low - Economy
INR 0 - 33 Lakh
Source: Jones Lang LaSalle Education, Healthcare and Senior Living, 2011
High - Luxury
INR 66Lakh - 1 Crore
Price Range
Lease
Figure 15: Senior Housing Projects in India with Offered Typologies, Pricing and Disposal Models
Covai
Comb
Villa
Deposit
Clasic
Chennai
Dignity Brindavan
Comb
Godhuli Mum
Kol
Dignity
Chennai
Clasic Chennai
Riverdale
Cochin
Brindavan
Comb
Sale
Clasic
Chennai
Ashiana Brigade
Bhiwadi Bglore
Athashri
Ashiana
Pune
Pune
Low
INR 0 - Lakh
3 BHK
Impact
Amritsar
Ashiana
Bhiwadi
Ashiana
Bhiwadi
Apartment
Impact
Amritsar
Ashiana
Pune
Covai
Comb
Bahri
Kodaikanal Ashiana
Pune
Athashri
Covai
Pune
Comb
Bahri
Kodaikanal
Ashiana
Pune
3 BHK
2 BHK
Cottage
2 BHK
1 BHK
Studio/Rooms
Rooms
1 Room
Golden Nest
Pune
Medium
INR - 66 Lakh
High
INR 66 Lakh -1 Crore
Source: Jones Lang LaSalle Education, Healthcare and Senior Living, 2011. Note: Mum is Mumbai, Comb is Coimbatore and Kol is Kolkata
Figure 16: Financial Models and Disposal Mechanisms for Senior Living
Disposal Model
Complete Sale Model
(Transfer of Title)
Advantages
Disadvantages
The senior living industry in India is poised for significant growth in the coming years. As with any new industry, the senior living industry is
expected to see the entry of players from various backgrounds, predominantly from the real estate sector. Jones Lang LaSalle views the
following key trends to emerge in the coming 24 36 months in the senior living industry and presents its recommendations to enable the
industry achieve higher quality and satisfaction from its clients.
Industry Trends
Increased sophistication and product improvement by existing senior living players: Developers such as Ashiana and Athashree
have extremely good working experience with seniors in India. This learning curve, built over a period of time, allows them to be perfectly
poised to bring out product innovations over their already established brand presence.
New market entrants: The market will witness regional real estate developers and a few corporate pan India real estate developer brands
experimenting with a senior living solution as part of a mixed-use residential project to explore the market potential before launching fullscale retirement projects. There is a period of wait and watch others expected for another 2 3 years.
Entry of corporate firms: The sector is expected to attract participation from corporate firms, which are currently active in healthcare,
hospitality, insurance, and other service related sectors. The current market has predominantly participation from firms having a
background in real estate development.
Partnerships between international and Indian senior living players: While select Indian players have already partnered with
international groups, the industry is likely to see a rise in the number and nature of partnerships between operators and owners. It is likely
that international operators will be involved more in future as knowledge and process design partners rather than for capital infusion.
Public curiosity and media support: It is likely that the first few projects launched by top corporate firms will generate large media and
customer curiosity in the sector. Such projects, if clubbed with innovative financial retirement solutions (Eg. health insurance for aged) and
designed with best practices in services delivery, can be a game-changer towards creating demand volumes in the industry. Customers
will appreciate such solutions only after they have an opportunity to experience the utility and comfort of the state-of-the-art senior
living projects.
Industry Recommendations
Senior living industry body: The setting up of a senior housing developers forum under the aegis of a premier national level industry or
trade configuration is recommended. This industry body should undertake industry events and trade related activities to support the growth
of the industry along with disseminating relevant and correct information regarding the perception of the senior housing market in India.
Development controls: There is a need to set up a working committee which would draft a set of development controls relevant to senior
living projects. Senior living projects, by virtue of their unique characteristics, should not be given the same FSI or development controls
(Eg. density norms) as given in residential projects. Further, the possibility to grant additional FSI to senior living projects needs to be
explored, owing to the fact that they have lesser housing density (which imply lesser pressure on urban infrastructure) and are relevant in
the social structure.
Accreditation: Although not an immediate need, the industry has a unique opportunity to promote high quality senior living projects as
more new entrants enter this space. For new projects, it is important to put together standards and norms that would enable a project to
get classified as a high quality senior living project.
Training: No senior living project can provide a holistic care without the support of trained care workers and medical staffs having
experience in working with aged patients. While the latter is still manageable with current healthcare training facilities, the industry needs
professionally recognized institutes which can train human resources willing to undertake senior-care as a career.
Michael Berne
Managing Director Senior Living Practice
Jones Lang LaSalle Americas (New York)
Brendan Wenke
Director, Health and Aged Care Practice Australia
Jones Lang LaSalle Australia
Bradford Perkins
FAIA MRAIC AICP
Chairman, Perkins Eastman, New York and Mumbai
HIMACHAL
PRADESH
Impact
Impact
PUNJAB
UTTRAKHAND
HARYANA
Delhi Ashiana I AVI
ARUNACHAL PRADESH
SIKKIM
RAJASTHAN
Ashiana I AVI
Jaipur
UTTAR PRADESH
Ansal API
map
ASSAM
NAGALAND
MEGHALAYA
BIHAR
MANIPUR
Aakriti
Bhopal
CHHATTISGARH
Rachana
MIZORAM
WEST BENGAL
MADHYA PRADESH
GUJARAT
TRIPURA
JHARKHAND
Nagpur
Kolkata
Rosedale I AVI I
Godhuli
ORISSA
MAHARASHTRA
Mumbai
Dignity
Pune
Ashiana I Athashree I
Golden Nest
Hyderabad
AVI I Covai
Covai I Saket
EXISTING
Utopia | Palacio
GOA
ANDHRA PRADESH
KARNATAKA
Athashree I Vakil I Covai I AVI I
Concorde I VLN I Sriram
Bangalore
Bahri
Chennai
Covai I Classic I Dignity Village
Covai
Covai I Brindavan I Rakindo
PROPOSED
Covai
Coimbatore
Ponni Delta
TAMIL NADU
Kochi
Infra Housing I Riverdale
KERALA
Source: Jones Lang LaSalle Education, Healthcare and Senior Living, 2011
Project Size
Number of Units
Unit Typology
1,2,3 BHK Apts (Bhiwadi and Jaipur) , 1,2 BHK Apartments & 2 and 3
BHK Villa (Lavasa)
Ownership Model
Sale Model
Developer / Owner
Maintained by / Operated by
Utsav active senior living, one of the earliest to enter the age restricted senior living market in India.
Reasonably priced project on sale model.
Entry restricted to person over age 55 years, however a person below 55 years can buy the property.
Both large size projects with adequate green spaces, circulation areas and activity areas.
MOU with Private Banks : HDFC, ICICI Nationalized Banks : SBI, LIC Home Finance, AGIF and AFGIS
Computer centre
Transportation facility
Medical assistance centre
Meditation and prayer hall
Temple, meditation hall
Move in assistance services
Developer Remarks
At UTSAV, you can live with total freedom in a secure
environment that takes care of all your needs. The Campuses
and the homes are all designed to make your life more
comfortable with special care for needs which come with
advancing age.
Athashri
Pune
Project Size
Number of Units
Unit Typology
Ownership Model
Developer / Owner
Maintained by / Operated by
Athashri Foundation
Member / Accreditation
24X7 Security
Medical aid on call
Club house
Open air auditorium
Yoga-cum-meditation room
Shuttle bus service
Project URL:
Geriatric gymnasium
Library
Tie up with hospital in the
vicinity
Community halls
Dining room
Entertainment lounge
Developer Remarks
Athashri is not just another residential project but a stress-free
world dedicated to meeting the needs and aspirations of senior
citizens. Designed with meticulous detail to provide continuous
care, attention and a host of special services.
http://pscl.in/real_estate/Project/Pune/Athashri%20Baner/overview
Project Size
3.5 acres
Number of Units
74
Unit Typology
Ownership Model
Developer / Owner
Maintained by / Operated by
Food services
24X7 Security
Gym recreation facility
Library
Engagement activities
Transport and car parking
facility at reasonable cost
Laundry
Tie-up with nearby hospital
Meditation and prayer hall
Power backup
Banking services
Developer Remarks
Brindavan Senior Citizen Foundation addresses the most
urgent needs of our elders, especially food, health and
recreation. The project provides the best of both what nature
and modern life can offer a combination of city home and
farmhouse on reasonable terms.
Project Size
Number of Units
Unit Typology
Ownership Model
Developer / Owner
Maintained by / Operated by
Member / Accreditation
CREDAI, IGBC,CII
Person over age 50 years are allowed to own and stay in the property.
Provide same standard of care in different cities through well thought out Standard Operating Procedures and a Manual on Quality Care.
Cater to the three stages of life of senior citizens namely, Independent Living Stage, Assisted Care Stage & Continuous Care Stage
Awarded the Most Eco Friendly Gated Community by the RAAC for the year 2008.
Future projects planned in Bangalore, Vizag, and Baroda
Project URL:
Geriatric gymnasium
Library& Business centre
Housekeeping catering
services
Convenience store
Travel tour & recreation
services
Banking and related services
http://www.covaiprop.com/senior_care.html
Developer Remarks
Our Comfort and Retirement Homes are like resorts, meant
to provide care and are not old age homes. The facilities of our
senior homes help senior citizens to live their life with respect &
dignity as well as freedom and independence.
Dignity Lifestyle
Mumbai
Project Size
25 acres
Number of Units
Unit Typology
Ownership Model
Developer / Owner
Maintained by / Operated by
Member / Accreditation
Project URL:
Developer Remarks
Dignity Foundation offers senior citizens opportunities to lead
an active life, both mentally and physically. It provides social
support to facilitate people over 5o to lead productive lives.
It runs active programmes that motivate and inspire senior
citizens, and help them achieve fulfillment in life
http://www.dignitylifestyle.org/
Golden Nest
Pune
Project Size
5 acres
Number of Units
Unit Typology
Studio, 1 BHK
Ownership Model
Sale Model
Developer / Owner
Maintained by / Operated by
24 hour security
Concierge services
Medical room doctor on call
Physiotherapy room
Canteen and central kitchen
Housekeeping
Project URL:
Guest accommodation
Assisted living
Multipurpose hall: Games,
Meditation, Theatre
Library and computer room
Jogging/ Walking track
Developer Remarks
Golden Nest is a place after your own heart. A place to
belong. One that offers physical, mental and spiritual well
being. Full of vibrant life, an epitome of care and gracious
living. A place you can look forward to come home to, in every
sense of the word.
http://www.oasisseniorcommune.com/www.goldennestindia.com/home.asp.htm
Project Size
5 acres
Number of Units
Unit Typology
Ownership Model
Developer / Owner
Maintained by / Operated by
Healthcare services
Housekeeping services
Food and beverage
Transport
Laundry
Project URL:
Developer Remarks
Impact Senior Living Estates community is being designed to
provide a first class quality of life that incorporates the needs
of seniors in relation to the current challenges being faced by
this very important group, in our society.
http://www.isleind.com/index.htm
Project Size
10 Acres
Number of Units
Unit Typology
Ownership Model
Developer / Owner
Maintained by / Operated by
Under Planning
Pilot project with promoters personal healthcare background, and excellent past project delivery records.
The project will be cobranded with industry tie-up and partnerships.
Project is located within a larger integrated city infrastructure with array of services associated within a larger ecosystem
Cater to the three stages of life of senior citizens namely, Independent Living Stage, Assisted Care Stage & Continuous Care Stage
The project will be intergenerational with opportunities for seniors to get engaged within the larger development prospects and therefore
address both engagement as well as employment opportunities
Project expected to be launched by June 2012
Medical centre and services
24X7 Security access
control
Assisted care centre
planned
Club house, Activity Centre
Health & Fitness Center
Engagement activities
Project URL:
Geriatric gymnasium
Library& Business centre
Housekeeping catering
services
Convenience store
Meditation Center & Temple
Banking and related services
http://www.rakindo.com/projects_overview.aspx
Developer Remarks
A golf centric integrated township, set to be built on an
850 acre property thats host to hill ranges, an 18 hole
championship golf course, world villas and unparalleled luxury
amenities swamped by an abundance of nature
Project Size
Various
Number of Units
Various
Unit Typology
Various
Ownership Model
Sale Model
Developer / Owner
Various
Maintained by / Operated by
Member / Accreditation
Projects by leading real estate developers operated and maintained by Age Ventures India
AVI is a private not-for-profit trust
HelpAge India, AVIs knowledge partners are leaders in the field of elderly acre and support in India
MHA is UKs leading care home specialists
As operators AVI provide for routine medical checkups and full care services for conditions like dementia and Alzheimer in their projects
Tie-ups and association with institutes of learning to provide intellectual continuity to the residents
24X7 Security
Emergency alarm systems
Medical Care
Dining facilities
Physiotherapy cum fitness
centre
Nursing care giving facility
Project URL:
Pharmacy arrangement
Housekeeping and
maintenance services
Operator Remarks
Come home to fresh new world
http://www.ageventuresindia.org/?page_id=223
Project Size
Number of Units
Unit Typology
Ownership Model
Developer / Owner
Maintained by / Operated by
24X7 Security
Emergency call buttons
Club House, Health Club
Dining area/ Restaurant, bar
Library, Amphitheatre
Activity rooms
Project URL:
http://anandam.co/index.html
Developer Remarks
Anandam offers a five-star experience where you can create
your own lifestyle just the way YOU want it
Group
Location
Number of
Units
Website
Aarogya
Kudumbam
Saradhambal
Educational and
Charitable Trust
Coimbatore
NA
http://www.aarogyakudumbam.org/Default.aspx
Active Senior
Lifestyle Township
CHD
Karnal, Mathura,
Bhiwadi, Rishikesh
Proposed
http://www.chddevelopers.com/residential-senioractivelifestyle-living.asp
Athashree (White
field)
Pranjapee
Bangalore
Under
Construction
http://www.pscl.in/
Athiti
Rachna
Construction
Nagpur
Proposed
http://www.rachanaconstructions.com/atithinagpurproject.html
Bangalore
NA
http://www.gritzhorizons.com/html/senior.html
Bangalore
NA
http://www.gritzhorizons.com/html/senior.html
Blue Ridge
Pranjapee
Pune
Proposed
http://www.blueridge.in/residentials.htm
Bougainvillahermitage
Goa
60
http://www.bougainvilla-hermitage.com/Introduction.html
Concorde Mist
Valley
Concorde Group
Bangalore
200
(Proposed)
http://www.concordegroup.in
Dignity Village
RDF, NSA
Chennai
NA
http://dignityvillage.nsaindia.in/partners.php
Evergreen Villas
Proposed
NA
Godhuli
Godhuli
Kolkata
18
http://www.godhuli.in/index.php
Golden Retreat
Palacio
Goa
32
http://www.palacio.in/goldenoverview.aspx
Kudumbum
Clasic
Chennai
98
http://www.kudumbam.com/
Logix Blossom
Greens
Kalra Realtor
Noida
NA
http://www.logixblossomgreensnoida.in/
Melur Meadow
Melur Meadow
Lifestyle
Coimbatore
30
http://www.melurmeadows.com
Ponni Delta
Natesan Housing
Trichy
250
http://www.ponnidelta.com/
Prabuddhalaya
VLN
Bangalore
NA
NA
Riverdale
NA
Cochin
50
http://www.riverdaleresorts.com/
Rosedale Garden
Sarachi housing
Kolkata
NA
http://www.rosedalenri.com/senior_citizen.htm
Shriram Senior
Living
Sriram
Bangalore
196
http://www.shriramproperties.com
Saket Pranam
Saket
Hyderabad
100
http://www.saketgroup.com/html/pranaam-the-project
Srimathi
Sundaravalli
NA
Chennai
239
http://www.ssmhome.in/
Supertech
Upcountry
Supertech
Greater Noida
Proposed
http://www.supertechlimited.com/
The Nest
Aakriti Group
Bhopal
Proposed
http://www.aakritithenest.com
Goa
Proposed
Proposed
Utopia
Vakil Housing/
Panchvati
Vakil
Bangalore
102
http://www.panchavati.co.in
Verandah Gardens
Cochin
132
http://www.infrahousing.com/
Authors
Saumyajit Roy
Rita Mishra
Harshit Magon
Himadri Mayank
Ashutosh Limaye
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by
expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than USD 2.9
billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry
leader in property and corporate facility management services, with a portfolio of approximately
1.8 billion square feet worldwide. LaSalle Investment Management, the companys investment management business, is one of the worlds largest and most
diverse in real estate with USD 47.9 billion of assets under management.
Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 20,800 employees operating in 77 offices in 13 countries across the region.
The firm was named the Best Property Consultancy in Asia Pacific at The Asia Pacific Property Awards 2011 in association with Bloomberg Television. For
further information, please visit our website, www.ap.joneslanglasalle.com
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