NEW DELHI | KOLKATA | MUMBAI | BENGALURU: Real estate developers in the country are increasingly turning to a mostly untapped segment where demand is on the rise - senior homes - even as there's a slowdown in the overall housing market. Builders such as Tata Housing, Paranjape Schemes, Adani Realty, Silverglades and Brigade have started setting up specially designed homes targeted at well-to-do seniors who have enough money and might want to live independently after retirement. And, unlike old-age homes of the past, most these senior home projects are part of larger projects and townships.
Just like its senior tenants, Health Care Real Estate Investment Trust Inc. showed it can spot a good early bird special by announcing an agreement to acquire Toronto-based HealthLease Properties REIT, experts say.
L’ISLE-VERTE, Que. — Quebec provincial police confirm at least three people are dead and about 30 are missing in a fire destroyed a seniors residence in eastern Quebec.
The massive fire in the 52-unit complex broke out around 12:30 a.m. ET in L’Isle-Verte, about 30 kilometres east of Riviere-du-Loup.
Initial reports said 20 residents had been transported to safety, but it was unclear just how many residents were missing in the inferno.
The complex also housed a social agency, a pharmacy and a hair salon.
BAKERSFIELD, Calif. — A central California retirement home is defending one of its nurses who refused pleas by a 911 operator to perform CPR on an elderly woman who later died, saying the nurse was following policy.
“Is there anybody that’s willing to help this lady and not let her die,” dispatcher Tracey Halvorson says on a 911 tape released by the Bakersfield Fire Department aired by several media outlets on Sunday.
Buying long-term care insurance has always been a dicey proposition. It’s expensive. You may never need it. Insurers may later jack up the premiums. And new research shows that a third of those who buy the coverage let it lapse—forfeiting benefits they had paid for, often just as they are about to be eligible to collect.
Speculative property developers, criticized for building dog boxes and the slums of tomorrow, are generally hated by urban planners and the public alike. But the doors of state governments are seemingly always open to developers and their lobbyists.
A few days ago, when we looked at what is one of the last tax havens in the world, the principality of Monaco, we uncovered not only the world's most expensive Penthouse costing a whopping $400 million, but got some perspective on how far one's dollar really goes, or doesn't.