Columbia Pacific Communities (CPC), a senior-living group operator with near 1,600 residential models below administration in 5 cities and 9 areas throughout South India, has introduced plans to foray into the Pune market to serve senior residents.
The corporate, which already has operations in Bengaluru, Chennai, Puducherry, Coimbatore and Kancheepuram, stated it might have 4 new senior group residing initiatives, two every in Pune and Bengaluru.
“Within the 12 months 2022-23, Columbia Pacific Communities can have 4 initiatives on sale. Two initiatives in Bengaluru and one other two initiatives in Pune. The plan is to launch 4 new initiatives in several cities yearly,” Mohit Nirula, CEO, Columbia Pacific Communities stated in an interview.
CPC is a 100% FDI firm with the identical principal buyers who had arrange Columbia Asia hospitals in India and Southeast Asia.
It’s a part of the Columbia Pacific group, one of many foremost builders of senior residing communities in the US, Canada and South East Asia.
CPC offers two distinct manufacturers and repair propositions – the premier Signature Communities and the mid-market Serene by Columbia Pacific for the residents. The month-to-month spend at these communities other than proudly owning the home, can range from ₹15,000-50,000 relying on the companies availed and the dimensions of the house.
In accordance with a CII report of 2018, the demand for properties in senior residing class in city India was for two,00,000 properties and at that time limit, solely about 20,000 properties had been below numerous phases of growth. “Given the lengthy gestation intervals for every undertaking and the truth that India provides between 5-6 million seniors yearly to its inhabitants, this hole would have solely grown exponentially,” Mr. Nirula stated.
Talking about profile of the corporate’s prospects and future residents, Mr. Nirula stated, “They’re those that search a way of life the place they will rely on the service supplier to take care of all their day by day chores leaving them to dedicate their time to particular person hobbies, pursuits and passions.” “The supply of a paramedical workforce on every property additionally offers them and their prolonged households the peace of thoughts they require for any health-related common necessities or emergencies. Most significantly, our residents can rely on a scientifically developed, socially partaking exercise plan that can hold them engaged and more healthy for longer,” he added.
By- The Hindu