Real estate company BCD Group has unveiled Vanaprastha, a senior living community experience inspired by the Vedic age, to meet the rising demand for retirement options in India. The project, located in Hoskote, offers state-of-the-art amenities such as recreational centres, fitness facilities, and 24/7 medical services. The company plans to collaborate with specialized UK-based healthcare companies to provide personalized services. Vanaprastha at BCD Emprassa will be the country's first rental senior community living experience of its scale, offering affordable pricing. BCD Group aims to replicate this model in Chennai and NCR, investing over Rs 200 crores in each project.
BCD Group, a leading real estate company in India, has unveiled an innovative senior living community called Vanaprastha. This unique project draws inspiration from the Vedic age and aims to meet the growing demand for high-quality senior living options in the country. Offering a range of amenities tailored to retirees' needs, Vanaprastha provides state-of-the-art medical assistance and serene landscapes for a peaceful living environment.
The inaugural Vanaprastha experience will be available at BCD Emprassa, an expansive township sprawling across 9 acres. The project will be developed in three phases, with each phase occupying 3 acres and featuring nearly 300 residential units. Situated in Hoskote, the community boasts modern amenities such as recreational centres, yoga and meditation rooms, fitness facilities, and round-the-clock medical services. BCD Group is also in discussions with specialized companies from the United Kingdom to provide highly personalized healthcare services within the community.
This pioneering endeavour marks the first large-scale rental senior living community in India, offering an affordable yet comprehensive range of amenities. It comes in response to the increasing purchasing power of retirees and their desire for a comfortable post-retirement lifestyle enriched with supportive facilities. The project has been thoughtfully designed to cater to the diverse needs of the elderly, drawing inspiration from the Vedic-age philosophy of leading a relaxed life once societal responsibilities have been fulfilled.
According to market research firm Mordor Intelligence, the India Senior Living Market is currently valued at USD 10.15 billion and is projected to grow at a compound annual growth rate (CAGR) of over 10% during the forecast period. The market's expansion is driven by the aging population, with senior living communities playing a crucial role in meeting their needs. Among the top destinations for retirees, Bengaluru stands out for its pleasant natural surroundings, excellent healthcare services, and overall quality of life.
With the Vanaprastha project, BCD Group continues to expand its presence in the real estate sector by addressing the evolving and nuanced requirements of homebuyers. Leveraging their expertise in construction, development, engineering, funding, and consultancy, the company has established a reputation for delivering expansive luxury residential and commercial projects, from excavation to handover. BCD Group has become the preferred partner for developers and homebuyers alike.
In conclusion, BCD Group has introduced Vanaprastha, a Vedic-inspired senior living community, to meet the surging demand for high-quality retirement options in India. With its extensive range of amenities and focus on peaceful living, this project sets a new standard for senior communities in the country. BCD Group's expansion into the senior living market demonstrates their commitment to catering to the diverse needs of homebuyers and further solidifies their position as a leading player in the real estate industry.
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