Mohit Nirula News Today

Columbia Pacific Communites is set to merge with Kites Senior Care, forming one of Indias largest senior living firms. The merger is expected to benefit Columbia Pacific Communities, which has a net worth of over Rs 25 crore. The merger is expected to boost the companys bed capacity to over 1,000 within the next six quarters. Kites Senior Care, a leading provider of out-of-hospital geriatric care services, secured an investment of Rs 45 crore from Ranjan Pais MEMG Family Office Fund in March 202...

Vandana Agarwal is only 54, but she's already planning to place a deposit on an apartment in a retirement community close to New Delhi that she and her husband will move into when they reach their 70s.

Indian culture places paramount importance on respect for elders, with multigenerational households the norm.

The regulator stated this in an order pertaining to the Urbana Serene retirement home project in Bengaluru, developed by the Ozone Group.

Experts say that while the rental model makes it more affordable for the elderly, it poses several challenges for developers, like low rental yields and a much smaller pool of customers

As more Indians enter retirement, there is a growing demand for living facilities catering to their needs.

As more Indians enter retirement, there is a growing demand for living facilities catering to their needs. But many homes remain a luxury few can afford.

For the first time, Columbia Pacific is foraying into a rental model for senior living in India through assisted senior living communities. By the end of FY25, the company plans to have eight communities with about 2,000 homes under construction and on sale across nine cities in India.

To be launched in 2024, the 50 percent joint venture will develop about 250 homes with a mix of one and two-bedroom configurations priced between Rs 40-80 lakhs. The project has a revenue potential of Rs 175 crore.

Top Indian developers will showcase their best projects at the two-day event