Real estate private equity fund Indiareit will invest Rs 250 crore (Rs 2.5 billion) in the proposed 138-acre township promoted by the Pune-based Paranjape Schemes Construction Ltd.
Are retirement homes attractive options for the elderly? Experts feel it is a good option to be able to live an independent and activity-filled life. But don't buy it as an investment
Property sales have been sluggish and the sector has been facing headwinds. So, firms are in wait-and-watch mode.
These homes offer services that help lead a smooth retired life.
The revival in Mumbai's property market could help the group.
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