Senior Housing Emerges as a Gold Mine for Indian Real Estate Developers
Senior Housing Emerges as a Gold Mine for Indian Real Estate Developers.
- (1888PressRelease) October 13, 2011 - From the 7th to the 9th of December 2011, senior housing industry leaders from India and the rest of the world will meet at Retirement Living World India 2011. The event will be supported by Assisted Living Federation of America (ALFA).
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.
About IMAPAC
IMAPAC is a social enterprise headquartered in Singapore that creates business conferences with a socially beneficial cause. For every attendee to an IMAPAC conference, IMAPAC ensures that a child from a developing country gets to go to school for a year.
For more information, please visit our website:
http://www.imapac.com/index.php?page=retirementlivingworldindia2011
Hu Shu, Tel: +65-6493-2093 or email: shu.hu ( @ ) imapac dot com
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