Pension associations are spreading in the cities as the elderly seek care and companionship | Personal Finance – Business Standard

Elderly people receive care and companionship in senior living associations. (Representative photo)

Ramanan Rajaraman had planned to live in his apartment in Bengaluru when he retired after working for a state-owned company. Then he and his wife read about a senior living community in the capital of Karnataka and decided to move there after renting out their apartment.

“In a regular gated community, community activity is less and interaction with neighbors is limited. In a senior living community, almost everyone knows each other and that creates a pleasant atmosphere,” says Rajaraman, 76.

A typical senior living community provides residents with meals, housekeeping, clubhouse, group activities and counselors. “Of course you often see that different age groups are related

First print: February 29, 2024 | 2:18 PM IST