Ministry issues guidelines for development of retirement home projects
01 Apr 2019
2 Min Read
Editorial Team
The Ministry of Housing and Urban Affairs has issued the Model Retirement 亚博体育官网首页s Guidelines to lay down the requirements for safety, physical infrastructure and running of private real-estate projects developed specifically for those over 60 years of age.
The guidelines will be reportedly issued to all Indian states and union territories to incorporate the necessary changes. They espouse building design that is barrier-free and accessible for the elderly, including complete wheelchair accessibility, lifts with audio and visual signalling systems, anti-skid tiles in bathrooms and stairs, kitchens with gas leak detection systems, and power backup facilities in apartments and common areas. Besides, builders will be given additional construction rights (floor-area ratio) to take up such projects as per the norms.
According to Shrikant Paranjape, Chairman, Paranjape Schemes Construction, 鈥淎lthough the guidelines are broad, they are good. We have been doing retirement housing for the past 20 years and it is a welcome move for us. The guideline focuses on the aspect of entrusting the caretaker with some responsibility and covers residents too, so they are more organised and regulated.鈥�
Further, the guidelines provide provision for medical facilities like on-site ambulance service, recreation, security and housekeeping, transportation assistance, yoga and fitness facilities.
Reportedly, the Ministry quoted from the India Ageing Report 2017 of the UN Population Fund to state that from 76 million in 2001, the population of senior citizens in India has increased to 104 million in 2011 and is expected to grow to 240 million by 2050.
The Ministry of Housing and Urban Affairs has issued the Model Retirement 亚博体育官网首页s Guidelines to lay down the requirements for safety, physical infrastructure and running of private real-estate projects developed specifically for those over 60 years of age. The guidelines will be reportedly issued to all Indian states and union territories to incorporate the necessary changes. They espouse building design that is barrier-free and accessible for the elderly, including complete wheelchair accessibility, lifts with audio and visual signalling systems, anti-skid tiles in bathrooms and stairs, kitchens with gas leak detection systems, and power backup facilities in apartments and common areas. Besides, builders will be given additional construction rights (floor-area ratio) to take up such projects as per the norms.According to Shrikant Paranjape, Chairman, Paranjape Schemes Construction, 鈥淎lthough the guidelines are broad, they are good. We have been doing retirement housing for the past 20 years and it is a welcome move for us. The guideline focuses on the aspect of entrusting the caretaker with some responsibility and covers residents too, so they are more organised and regulated.鈥滷urther, the guidelines provide provision for medical facilities like on-site ambulance service, recreation, security and housekeeping, transportation assistance, yoga and fitness facilities. Reportedly, the Ministry quoted from the India Ageing Report 2017 of the UN Population Fund to state that from 76 million in 2001, the population of senior citizens in India has increased to 104 million in 2011 and is expected to grow to 240 million by 2050.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
