Project Report For Old Age Homes
Introduction
The project report for Old age homes is as follows.
An old age home is a refuge house where elderly individuals live with other senior people after being abandoned by their family members or voluntarily admitted to battle loneliness during this critical time of life. The staff of the old-age home is responsible for feeding these elderly people on time and attending to their medical requirements. They assist them in coping with the routine by washing their clothes and utensils and assisting them in living their final days without solitude. They also engage in a variety of leisure activities to distract them from their monotonous existence. They amuse them in order for them to become cheerful and joyful. In addition, the housemates remain together, share their experiences, and form strong relationships with their peers.Â
People are adapting to these new lifestyles and, in some ways, modifying or compromising with life. However, we must not forget that we must care for our parents in their old age because they have cared for us and nurtured us with a lot of love and compassion since infancy. We must not be self-centred and seek their blessings by giving them physical, social, and emotional assistance. On the side of the parents, it is necessary to prepare for the worst, in the case that it comes soon, and should not live with a lot of hopes, but should build sufficient savings to lead an independent life in their old age, in case their children desert them, or if any catastrophe occurs. We should make certain that there are no old age homes at all. People should get unconditional love, care, attention, and support from their own families. We may become decent people and seek their blessings in this way.
Market potential & Strategy
The more conventional old-age homes are generally managed by non-governmental organizations or government agencies and are occupied by elderly individuals who can no longer dwell with their families or are completely homeless for a variety of reasons. In India, there are over a thousand old-age homes, with the majority of them providing free lodging.
Most old-age homes have a bad image, which is understandable. It is, however, unjust to paint all old-age homes in India with the same brush. Many of these organisations in Delhi, Kerala, Maharashtra, and West Bengal have rather acceptable facilities for the elderly and offer enough senior-focused services and amenities like medical care, ambulance, nursing, and age-appropriate meals.Â
The old age home industry in India is still in its infancy, and few developers have attempted to capitalise on this opportunity to its full potential. This is regrettable since, if addressed strategically, this industry has enormous potential. According to Indian Census estimates, the proportion of elders as a percentage of the overall population in the nation would have risen from approximately 6.5 per cent in 2001 to almost 14.5 per cent by 2026 and will reach 20.5 per cent by 2050.Â
Senior living programmes were previously centred mostly in southern Indian states such as Kerala, Tamil Nadu, and Andhra Pradesh. Surprisingly, this regional dispersion was primarily due to outward migration. Following that, the model extended to other states and cities, with both large and small builders participating. The fact that India’s senior population is expected to reach 174 million by 2026 suggests that there is significant untapped potential in the senior housing market, despite relatively little current supply.