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

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