senior living.” – asli https://asli.org.in.epsilon.co.in Empowering Senior Living & Care in India Mon, 24 Feb 2020 10:18:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://asli.org.in.epsilon.co.in/wp-content/uploads/2020/11/cropped-asli-favicon-32x32.jpg senior living.” – asli https://asli.org.in.epsilon.co.in 32 32 Trends in Senior Living https://asli.org.in.epsilon.co.in/trends-in-senior-living/ Mon, 24 Feb 2020 08:39:47 +0000 http://www.asli.org.in/?p=769 By Mohit Nirula , CEO, Columbia Pacific Communities

The seniors of today’s urban India do not confirm to the archetypal stereotype. They have done well professionally, educated their children well and seen them travel across the world to pursue their own careers. These seniors are not yet ready to settle into a soporific, sedentary lifestyle. Instead, they have a drive and a desire and increasingly the financial capability to pursue their passions well into their golden years.


The solution communities comprising of homes, facilities and services that are designed to serve the changing needs of seniors over time are the ideal solution. Conventionally, such communities have been viewed in India as part of the real estate industry. While a home and facilities is an integral part of the solution, the success of such communities will lie in their ability to unconditionally love, respect and care for the residents in a manner completely differentiated from real estate offerings.


Senior housing will increasingly be positioned more as a service offering and less a a product offering. The activities planned during the day, the meals that are served and the health and wellness support that will allow seniors to remain physically, mentally, intellectually, spiritually and socially engaged, will play a crucial part in influencing purchase decision. The quality of care giving would also become increasingly crucial. Also, technology will increasingly become an enabler in senior care, compelling the industry to think ahead of the curve in terms of how to leverage technology in a manner that meets the daily needs of baby boomers. Technology will not just aid safety devices and monitoring health, but will also reduce distances between ageing parents and their children.

]]>
Battle for Younger Seniors creates new models and fragments the market https://asli.org.in.epsilon.co.in/battle-for-younger-seniors-creates-new-models-and-fragments-the-market/ Sat, 22 Feb 2020 08:10:38 +0000 http://www.asli.org.in/?p=759 Senior housing occupancy fell to eight-year lows last year. While experts express confidence those rates will reverse course as construction starts shrink, competition for younger boomer rents is ramping up in a big way, and that could spell trouble for more traditional independent living options. New active adult concepts such as Margaritaville are creating new types of retirement options for boomers who are turned off by the notion of “senior living.”
Another trend that can fragment the senior housing market is overall multifamily development. With most seniors living longer, healthier lives, they are delaying entering independent living and opting instead to move to newer apartment developments with an intergenerational mix of renters. Smart home tech, on-demand services available through a few taps on the phone, and home care aides can combine to enable apartment living for longer periods of time. Until developers address these challenges, the market will only become more fragmented.

]]>