In the study conducted by the Manilife Foundation for the first time in India on the Retirement Homes, it has been revealed that there is a lot of growth in this sector. Along with this, measures need to be taken for proper inspection, clear standards, internal structure and hearing of service-complaints. There is a need for regulation needs for retirement homes.
Guidestar India Chairman and Retired IAS officer BN Makhia released the study report on Retirement Homes in the presence of senior citizens on Friday. This report was developed in conjunction with the Housing Development Finance Corporation (HDFC), which is part of its Corporate Social Responsibility Initiative.
This study report was released on the occasion of World Senior Abuse Awareness Day, which is celebrated on June 15. During this, BN Makhija said, “There is a demand for retirement homes and it is increasing. This report is appropriate and timely. For three reasons people go to retirement homes, together with people of similar age, care and safety here. Instruments exist, but people want the option. This is the right time to raise the issue and its regulation and we will be happy to join this project. ”
The main points of the study report
1. Such senior citizens who want to live freely are from high middle class background. They have enough savings and can focus on the quality of life ahead.
2. There is considerable demand for retirement homes. Four retirement homes are also running in cities like Kolkata. Another one is ready and one is under construction.
3. The best financial model is the Honorish + Deposit
4. In order to achieve increased demand, it is necessary that management of retirement homes is good. Retirement homes are not apartments or buildings, this is the service. Unless the service provider has the sensation for senior citizens, the idea of retirement homes can not move forward.
5. The main challenge of existing retirement homes is the lack of trained workers.
6. Kerala has the highest number of senior citizens in Maharashtra and Tamil Nadu. Retirement homes have been developed in Pune, Coimbatore and Bengaluru.