1. #EldersForum2018 #AgeingInCommon #NCF2018

2. #EldersForum2018 #AgeingInCommon #NCF2018
SKY 6 - Building Communities
Chair: Michael Voges, Executive Director, ARCO
John Collyns, Executive Director, Retirement Villages Association, NZ
The Retirement Villages Association Inc
Mansoor Dalal, Founder and Chairman, Association of Senior Living, India
Old Peoples Home for 4 Year Olds
Femada Shamam, Chief Executive Officer, The Association For The Ageing, South Africa
The Association for the Aged
#EldersForum #AgeingInCommon #NCF2018

4. SENIOR LIVING/CARE INDIA… A NEED WHOSE TIME HAS COME !!!
Today India has 120 million seniors;
(almost equal to entire population of some countries)

5. POPULATION RATIO ELDERLY / TOTAL
5.6% in % in 2011
Estimated
10.7% in % in % in 2050
Globally, the proportion of over 65 will more than double to 16.2% by 2050

6. CHRONOLOGICAL MIX 29% between 60-65 years 33% between 65-70 years

7. SENIORS, SIGNIFICANT SECTOR
Independent, Financially Stable, Well-Travelled & Socially Connected
Traditionally family ties in India, very strong earlier are now changing because of Socio-economic factors.
Changing roles and expectations of couples in nuclear families.
Demand for retirement housing has never been stronger, driven by an aging population, increased life expectancy and a segment that is growing wealthier and more informed than ever before.

8. CURRENT DEMAND FOR SENIOR HOUSING IN INDIA 312,000 units
India will have 173 million seniors by 2025
240 million by 2050
Today 27 million seniors need specialised medical care

9. POTENTIAL AND SCOPE IN INDIA
1 Senior in every 10,000 engaged in some form of Senior Living
12 Seniors in every 100 in the USA
4 Seniors in every 100 in Australia

10. 25% developers have ventured in this sector within the last 1-2 years.
THE BUSINESS OF AGEING
25% developers have ventured in this sector within the last 1-2 years.
50% within the last 2-5 .
25% for the last 7 years
(we have been here for the last 16 years)

11. THE BUSINESS OF AGEING
60% of the developers offer complete sale model.
30 % offer only lease deposit model
10% of the developers offer pure rent model.
The need of the consumer mirrors these offerings.

12. THE BUSINESS OF AGEING 88% of the consumers are non resident Indians,
short term stay seniors, seniors with advanced signs of
constant health care needs and retired people.
12% of seniors are empty nester couple and Indian citizens

13. THE BUSINESS OF AGEING 66% are residing with their spouses,
25% are alone and in this the % of women are more than men.
9% are residing with a family members such as mother, father, children who are disabled or daughter who is unmarried or widowed.

14. 33% residents are between the age of 65-70 years
THE BUSINESS OF AGEING
33% residents are between the age of years
29% between years.
19% between years.

15. PLAYERS WITH PASSION, EMPATHY AND COMMITMENT
Currently dominated by Builders and Developers
Strong emphasis on service
Urgent need for Corporates and NGO with dedicated verticals
CSR initiatives, Service Providers, Healthcare Players & Operators
REITS and Fund houses
Immediate need for professional developers to enter this industry versus pure play real estate players

16. MARKET & BUSINESS OPPORTUNITIES
Independent & Active Senior Living Projects
Opportunity for Corporates, Developers, Service Providers, Healthcare Players & Operators

17. MARKET & BUSINESS OPPORTUNITIES
Current per square feet rates for housing (Ownership Model)
Western region: Rs , i.e. US $ 138 to 153.
Southern region: Rs , i.e. US $62 to US $123.
Northern region: Rs , i.e. US $77 to US$108.
There is not much activity in the eastern region at the moment

18. MARKET & BUSINESS OPPORTUNITIES
Current overall price for independent living (Ownership Model)
1BHK - Rs lakhs, i.e. US $ 38,500 to US $61,500.
2BHK- Rs lakhs i.e. US $ 61,500 to US $123,000
3BHK -Rs lakhs i.e. Us $ 123,000 to US $ 230,000

19. MARKET & BUSINESS OPPORTUNITIES
Consumer preference for Independent Living. ( ownership model)
43% purchased 2BHK apartments
26% 1BHK apartments
21% 3BHK flats
10% independent villas

20. MARKET & BUSINESS OPPORTUNITIES Consumer Income levels:
35% of them have an annual income between Rs. 10,00,000 to Rs. 12,00,000,
24% between Rs. 8,00,000 to Rs. 10,00,000
19% between Rs. 6,00,000 to Rs. 8,00,000

21. MARKET & BUSINESS OPPORTUNITIES
Avg. monthly expenses:
minimum monthly exp: Rs. 20,000 to Rs. 40,000
Maximum: Rs. 70,000 to Rs. 1,50,000
( depending on size of unit and no. of persons)
Includes food, rent, utility payments, medical expenses, leisure activities, picnics, entertainment activities,
but not a full time care giver

22. INDEPENDENT LIVING / ACTIVE ADULT SPECIALITY CARE CENTRE
TYPES OF FACILITY
INDEPENDENT LIVING / ACTIVE ADULT
ENRICHED LIVING
ASSISTED LIVING
SPECIALITY CARE CENTRE
NURSING AND REHAB CARE

23. AGEING IN PLACE C.C.R.C (Continuing Care retirement Communities)
Life Style Oriented Homes for Seniors
Opportunity to live in Dignity and Independence
Focussed to this industry would be the next logic level to broaden the spectrum of this business

24. LOCATION Key cities preferred as a retirement destination
Northern Region: NCR, Chandigarh, Dehradun, Lucknow, Jaipur and Amritsar
North-Eastern Region: Guwahati and Shillong
Eastern Region: Ranchi, Jamshedpur, Kolkata and Patna
Western Region: Mumbai, Pune, Nasik, Ahmedabad, Vadodara, Panaji and Surat.
Southern Region: Bengaluru, Puducherry, Chennai, Hyderabad.

25. KEY CHALLENGES
lack of skilled manpower, doctors, paramedical staff, professionals and care givers.
No centralised skill development institute.
lack of awareness, high cost of marketing, affordability,
social stigma
Present set up at Govt. level:
Ministry of Social Justice and Empowerment: senior homes or old age homes as referred by the Govt. comes under this ministry. There is no separate ministry for this sector

26. #EldersForum2018 #AgeingInCommon #NCF2018