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.
By Achilles Research:For those investors who are going to retire 20 or 30 years from now it is useful to purchase dividend paying equity investments that benefit from higher long-term demand trends in senior healthcare. I think that investments in the US healthcare market provide one of the most attractive risk/reward trade-offs and best ways to accumulate long-term wealth.
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.