Retirement Homes In North India – Retirement can be an ideal opportunity to move to a more peaceful place that is affordable and has favorable weather. However, leaving the big city can be quite difficult once you get used to its many unique comforts. We suggest some cities that will give you the best of both worlds.
Retirement can be an ideal opportunity to move to a more peaceful place that is affordable and has favorable weather. However, leaving the big city can be quite difficult once you get used to its many unique comforts. So, we suggest some towns and cities that will give you the best of both worlds.
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“Many people migrating to metros want to return to their hometowns. With improved infrastructure and lower cost of living, many tier-II and tier-III cities are great for retirement,” says Rana Mehta, executive director, PricewaterhouseCoopers India.
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We list the best emerging Tier-II and Tier-III cities, based on a study by Cushman & Wakefield India. The study considered aspects such as demographics, infrastructure and government support to determine growth opportunities. We explore the cost of living in such places, medical facilities, law and order, plus education and job opportunities if you want to work after retirement.
The state capital has enormous economic and religious importance in eastern India. In addition to a number of mining and steel manufacturing companies, such as Steel Authority of India, Essar Group and Tata Steel, the IT/ITes sector is also gaining prominence, with IBM, Infosys, TCS and Wipro among those who have a presence here.
Bhubaneswar is an educational hub with renowned institutions including IIT, AIIMS and National Institute of Science Education and Research, apart from several government engineering, medical and management colleges having campuses here. The city is connected to the major metros by rail and air. The airport will soon also receive a permit for international flights. A bus rapid transit system is also planned to improve city travel.
10 years ago, healthcare services were provided by government facilities and a few private hospitals. “With the entry of some corporate players, the city is slowly becoming a major healthcare destination in eastern India,” says Mehta. Now several multi-specialty and super-specialty hospitals have come up, including Apollo, Kalinga, Hemlata Hospitals and Research Centre, Ayush, Kar Klinik and Aditya Care.
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It is also a World Bank model city for power distribution reforms in the country and has the lowest electricity prices in India.
With architecture that reflects its historical roots, the state capital has always been a hot spot on the Indian tourism map. More recently, it has started hosting the annual Jaipur Literature Festival, which has become very popular. It is connected to all domestic destinations by road, rail and air. International air connectivity is limited to a few cities in the Middle East.
Availability of land at attractive rates on the outskirts of the city and economic development supported by growth in the tourism and IT sectors have attracted local and national developers.
Jaipur is also emerging as a destination for education with many private sector institutes and universities establishing themselves in the city.
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However, according to the National Crime Records Bureau (NCRB) report of 2012, with a crime rate of 607.8 incidents per lakh citizens, Jaipur has the fourth highest rate in the list of 53 Indian cities for its crime rate.
The state capital has a rich cultural heritage and is seeing rapid infrastructure development. It is an ideal blend of old culture and modern amenities. It is also politically important with two Lok Sabha constituencies, Lucknow and Mohanlalganj, and nine Vidhan Sabha constituencies.
The city is connected by air, rail and road. At present, the domestic airport, with a parking space for up to 50 aircraft, connects Lucknow directly with all the major metros in India, including New Delhi, Patna, Calcutta, Mumbai, Varanasi and Bengaluru. There is also a proposal to upgrade it to an international airport soon. Plans for Lucknow Metro and Monorail services have also been finalized.
Apart from being the home of the manufacturing units of Hindustan Aeronautics Limited, Tata Motors, Eveready Industries and Scooters India, Lucknow is also an important education centre.
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The city has many central and private universities and colleges, including an Indian Institute of Management, Central Drug Research Institute, Indian Institute of Toxicology Research, Dr. Ram Manohar Lohia National Law University, Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGIMS) and King George Medical College.
Health care services are mainly provided by government-owned tertiary care facilities such as the King George Medical University and SGPGIMS.
“Private healthcare, especially tertiary care, is not fully developed in the region. National healthcare providers such as Fortis and Narayana Hrudyalaya are planning to set up facilities in Lucknow,” says Mehta.
Unfortunately, again, according to the National Crime Records Bureau statistics (NCRB), the crime rate, at 3, 615.3 incidents per lakh people, is over seven times higher than the national average of 497.9 incidents per lakh People.
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The tri-city—Chandigarh, Mohali (Punjab) and Panchkula (Haryana)—has the highest per capita income and the best infrastructure in the country. The proximity to Delhi is an added advantage.
The first planned city in India after independence is well connected by road, rail and a domestic airport. An international terminal is also under construction.
There are plans for a metro rail, which is expected to be functional in 2018. In the first phase, the train will run from Capitol Complex (North) to Mohali (South).
According to Cushman & Wakefield, in the last three years, Chandigarh and surrounding areas have seen significant real estate development and the region is becoming an important destination for developers, investors and end users.
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Health care infrastructure is also quite developed in Chandigarh. Major facilities include PGI Chandigarh, Fortis Mohali and IVY Hospital.
Chandigarh also has two prominent universities, while Mohali has the second campus of the internationally renowned Indian School of Business (ISB). There are also plans to develop an ‘Education City’ and an ‘Entrepreneurs Development Center’.
Apart from numerous multiplexes and malls, the city is also known for its two gardens of international repute – Rock Garden and Zakir Hussain Rose Garden, the largest of its kind in Asia.
Besides New Delhi, it is the only city that has rail connectivity with all state capitals of the country. The Babasaheb Ambedkar International Airport handles over 500 flights per day.
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Due to its strategic and central location, the city is also home to the Multi-Modal International Hub Airport (MIHAN), which includes an international airport, a multi-product Special Economic Zone IT Park, a health city and a residential area.
The city also has very good roads. The Nagpur Integrated Road Development Project and proposed metro connectivity (from Sitabuldi to MIHAN and Butiboti) is the government’s effort to further improve city travel.
With over 40% of Maharashtra’s power generated in and around the city, Nagpur also enjoys reliable power supply.
The health care is also the strong point of the city. Mehta explains, “Nagpur is an emerging health center in Maharashtra. Realizing the potential, the government has proposed to set up a health city in the special economic zone of MIHAN.” Other major healthcare providers are Care Hospitals and Wockhardt Hospital.
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According to Cushman & Wakefield India, real estate in Nagpur has developed significantly in the last few years. The cost of real estate is also lower compared to other tier-II cities.
However, according to NCRB statistics, the crime rate (at 621.2) is higher than the national average of 497.9 incidents per lakh people.
The largest city in Gujarat has a robust transport infrastructure. It has an airport, good roads and railways that connect it with all major metros.
Sardar Vallabhbhai Patel International Airport is India’s seventh busiest airport and connects the city to all major international destinations, including the US, Europe and the Middle East.
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The city has a Bus Rapid Transport System (BRTS). Moreover, an express metro rail link between Ahmedabad and Gandhinagar and a new international airport at Fedara is expected to come up soon.
Industries present include automotive, engineering and pharmaceutical. The state government has also promoted biotechnology, IT/ITs, tourism, banking and financial services.
The city also has renowned colleges including an IIM, Mudra Institute of Communication and Advertising (MICA) and Nirma University.
Tertiary health services are offered by a range of providers. “One growth factor for private healthcare players is stable government support and policy framework,” says Mehta of PwC India.
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The realty sector was also active. High economic growth and development of an industrial belt in the vicinity of the city have given the growth of real estate momentum. Renowned builders are building residential areas in and around the city. In addition, the proposed Sabarmati riverfront project is to develop the area around the 10.4 kilometer stretch along the river bank.
Located on the banks of Vishwamitri river, Vadodara is another growing industrial city of Gujarat. Key drivers of Vadodara’s growth are infrastructure development, high rate of urbanization, high literacy and increasing investment.
The city is located on the proposed Delhi-Mumbai Industrial Corridor (DMIC) and is connected by quality rail and road arteries. Vadodara Airport connects the city with all major metros. The airport is to be developed as an aircraft maintenance hub and will have