Authored by Ankit Aggarwal, MD, Devika Group
As the population of seniors is steadily increasing, the demand for senior living housing will continue to grow. The pandemic has impacted all sectors of the economy but post-pandemic things have changed to a great extent and interestingly the demand for senior living housing has increased. As per the recent report by National Statistical Office (NSO)’s elderly, in India the elderly population(aged 60 and above) is projected to touch 194 million in 2031 from 138 million in 2021, a 41% increase in a decade. We expect that over the next 4-5 years the demand for senior living projects will increase multifold in non-metro cities. The main reasons behind this are attracting financing options available, availability of plenty of lands, and plenty of space to build bigger complexes to make it more attractive and seniors love these open spaces. Although growth rates vary by region there is a growing trend that the majority of seniors would prefer living in cities with low population density. The trend of seniors moving into cities with low densities is also contributing to its growth. It creates opportunities for developers to create new projects in markets, where there is less competition.
Vrindavan, known as the land of Lord Krishna, has a special place in our hearts. Attracting a large number of tourists and pilgrims every year it has become a pilgrimage for people across India and beyond. Besides being home to several temples this holy place is also the most sought-after investment destination. The demand for property buyers in Vrindavan is witnessing a massive boom. Not only natives but also tourists from different parts are eyeing Vrindavan from a real perspective. Buying property in Vrindavan is a great investment decision as the city offers much-needed tranquillity to those looking for peace, mostly our senior population.
Vrindavan proximity to Delhi (180km) and other major cities like Agra makes it an attractive real estate destination. The city is well-connected and delivers all the amenities a modern home buyer looks for. For those living in Delhi, NCR, or other surrounding regions, property in Vrindavan can be a phenomenal second home choice. The price of residential property in Vrindavan is far less than that of a property in DelhI-NCR. Therefore, those with limited budgets can find better investment options in Vrindavan than in other key cities. There is no denying that Vrindavan is experiencing great infrastructural development. It lets you live away from all the hustle and bustle. With a property in Vrindavan, you can combine your spiritual needs with long-term investment decisions. As a pilgrimage site, footfall in Vrindavan increases each year with the city’s tremendous growth potential, investing in a plot or second home in Vrindavan is sure to give beneficial returns.
But before purchasing a property you must be aware of the right location where you would find ample property options. Chattikara road, Chaitanya Vihar, and Chaumuhan are some places that offer tremendous real estate investment opportunities. The process of buying a property in Vrindavan becomes less of a headache when you choose a trusted builder.
Now that we are aware of the central locations and top builders, finding a residential property in vrindavan will not be a hassle anymore. A major chunk of ambitious home buyers are already tricking vrindavan’s real estate market. So why late? Start capitalizing on the essence of spirituality and the flourishing infrastructure of Vrindavan.