There was a time when everyone dreamed of settling in big cities like Delhi, Mumbai or Bengaluru after retirement. But now the direction of the wind has completely changed. After the hustle and bustle of life, people now want to spend their savings on peace and tranquility. Pollution in metros, crawling traffic and uncontrolled inflation have turned senior citizens and the middle class towards a new option. Now, away from the hustle and bustle of metropolitan cities, small and quiet cities are becoming people’s first choice for retirement.
Relief from inflation in metropolitan cities
The current real estate figures are testifying to this big change. Nowadays, buying a house or living on rent in big cities is becoming beyond the reach of the common man. In many major places, the price of a normal 3BHK flat has crossed the mark of Rs 1 crore. On the contrary, in small cities, excellent and spacious houses are easily available in the budget of Rs 30 lakh to Rs 1.5 crore. Additionally, the daily expenses of living in small cities, such as electricity, water and rent, are much lower. With this, the pension received after retirement and the hard-earned money earned throughout life remains safe for a long time.
These 5 cities are becoming new ‘retirement hubs’
Some special cities of the country are now rapidly emerging as ‘retirement paradise’. Among these, the names of Dehradun, Indore, Chandigarh, Mysore and Bhubaneswar are at the top. The pace of life in these places is slow and relaxed. Here the weather is generally clear and there is more social interaction among people, due to which the problem of depression and loneliness in old age is reduced to a great extent. Along with this, the huge increase in connectivity of these cities is also a big factor. New expressways, wide roads and modern airport facilities have greatly reduced the distance from Delhi to cities like Dehradun or Chandigarh.
Tremendous movement in the real estate market
This migration towards small cities has created a tremendous stir in the real estate market there. In the last few years, there has been a huge jump of 20 to 25 percent in the demand for houses in these cities. Market experts estimate that in the coming time, there may be a huge increase in property prices in these places ranging from 25 percent to 100 percent. However, before settling in these cities, some people are a little worried about health services. It is true that in some small towns the shortage of big hospitals or specialist doctors is still felt, but with the rapid infrastructure development, this shortage is also gradually ending. This change is proving to be a profitable deal in terms of less expenses and better health.
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