The concept of homes for aged has undergone a sea-change, with the name itself now being senior living or assisted living. The services offered include fulfilling the social, security, healthcare, administrative, food and other requirements – including understanding what the requirements of a 60-year-old person are as against those of a 70-year-old.
Altogether, Bangalore has approximately 1100 super luxury home units price-tagged at Rs. 5 crore in various stages of planning and construction. This translates into a market worth more than a billion dollars.
Indians who buy holiday homes tend to have higher disposable incomes and hail from the middle and top management segments. This buyer segment is usually in the age bracket of 35-45.
Villas are a unique real estate configuration because unlike in apartments, the buyer gets to own the piece land on which a villa is built. Pricing of villas would vary with the size of the plot on which they are built, their built-up areas, the amenities offered, whether or not they are gated, the location of the project, its accessibility, value-adds such as sea view and so on.