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Sunday, July 11, 2010

The silver innings - OLD IS GOLD


Integrated senior-citizen townships are offering tailor-made and hassle-free living for retired Indians, says Sushmita Biswas.

Every morning, 72-year-old Mani Bharucha likes to go for a walk with her friends. A single woman, she’s chosen to live 90km away from the hustle and bustle of busy Mumbai life at the Dignity Lifestyle (set up by Dignity Foundation) Retirement Township in Neral near the hill-station Matheran. After the walk she tends the plants in the small garden attached to her cottage. She particularly loves the monsoons in the hills when the landscape turns a verdant green. “The quality of life is much better and there are absolutely no restrictions on our lifestyle,” she gushes.

Bharucha is among the growing number of senior citizens who are opting to stay in senior-citizen townships coming up in different corners of the country. And no, these are not old age homes but integrated townships for people aged 55 years and above, where the key selling point is senior living.

The living conditions are specially tailored for older folks with ultra-spacious, wheel-chair friendly rooms with anti-skid flooring and touchscreen systems. In addition, there are multi-cuisine restaurants, libraries, club houses, golf courses, wellness centres and spas. Of course, there’s geriatric care at hand and trained staff for housekeeping.

So you can perk up with a brisk walk, or enjoy an Ayurvedic massage, sweat it out at the fitness centre or engage in community development projects.

Who are the target buyers? Anybody who is looking at retirement (young retirees 55 years onwards) or the already retired or those who need assisted living can choose to stay in these homes.

Perhaps, it’s little wonder that the elderly parents of NRIs, retired bureaucrats, bankers and businessmen are increasingly finding their space in the protected environment of a retirement home.

“Senior-living homes have immense potential. Though it’s a western concept, and still in its infancy in India, developers need to take it to the next level complete with ultra-modern and hassle-free facilities,” says Saumyajit Roy, assistant vice president, Jones Lang LaSalle Meghraj,

According to a recent report by Jones Lang LaSalle Meghraj (JLLM), in India there are over 81 million elderly people. The figure will rise to 177 million by 2025 and by 2050 it will be about 240 million. Adds Roy: “After you retire from the frenetic pace of life, there’s no need to feel left out. Retirement townships are increasingly being favoured by elderly people whose children settle in different parts of the country or abroad and cannot visit them too often.”

Here’s looking at some of the places where the elderly can retire to.


Some Retirement township in India:
RENAISSANCE,West Bengal
VIVARA RESIDENCES,Goa
DIGNITY LIFESTYLE RETIREMENT TOWNSHIP,Maharashtra
UTSAV,Rajasthan
MELUR MEADOWS,Chennai
RAKINDO,Coimbatore


Read in detail: The Telegraph - Calcutta (Kolkata) | The Personal Telegraph | The silver innings

Helpline As Lifeline For The Elderly

Shipra Mukherjee was the perfect homemaker. She loved playing host to her family of four sons, daughters-in-law and two grandchildren. But she is 72 now and finds the task extremely daunting.

"My sons stay away from home with their families, but they all descend here during vacations, taking it for granted that I will tend to them as always. It’s as though they have no realisation how age has taken its toll. None of my daughters-in-law lift a hand to help me around the house," she says.

Exhaustion

Shipra tolerates the exhaustion because the visits by her children alleviate the loneliness that marks her life and that of her 76-year-old husband, Subhankar, for the rest of the year. Subhankar has hypertension and diabetes and Shipra is his sole caregiver.

Subhankar’s pension is sufficient for the couple’s day-to-day expenses, but they cannot afford full-time domestic help or a medical care-giver.

"My children turn a blind eye to our old age handicaps. Their attitude is that we have our own home, a pension, so what else is required. The increasing cost of living, rising medical expenses, the shrinking rate of interest for bank deposits where we have parked our retirement funds, the tough job of home maintenance, and so on, do not seem to concern them at all," rues Shipra.

For an alarming number of India’s 91 million population who are 60 Plus, neglect, loneliness, mental and physical abuse, depression and lack of proper medical care, are turning the dusk of their life into a living nightmare. As women generally have longer life spans than men, they account for slightly more than half of the older population and represent nearly two-thirds of the population who are over 85.

There has been a steep rise in suicides by the elderly in India as depression, disease and the lack of care induces a sense of helplessness. The situation is several times worse for those who are not financially secure. Adding to feelings of insecurity is the rising incidents of crime against the elderly. Their isolated lifestyles make them sitting ducks for anti-social elements.

In such a scenario, helplines for the elderly - Pronam: 033-24190740/Dignity Foundation: 033-30690999 - have emerged as a lifeline. Often they are the only support senior citizens have in teeming metropolises like Kolkata.

"They provide comfort and give us the chance to mingle with those of our own age. The helplines also conduct financial and psychological counselling, guide us to lead a secure and safe existence and provide us with access to medical care," says Subha Haldar, 66, a widow living alone in South Kolkata.

Over 6 per cent of India’s poor comprise older people. Health care, shelter, food, psychological counselling and affordable insurance are important measures of support for this group.

The Dignity Foundation, which runs a helpline for the elderly in cities like Mumbai, Pune, Bangalore, Ahmedabad and Chennai, has 15,000 registered members in Kolkata alone. But this is just the tip of the iceberg, according to Abhijit Ghosh, General Manager, Dignity Foundation. There are over 5,00,000 elderly in the city and most of them are living alone.

Their children often move abroad or to other cities in search of work. Many of the elderly have lost their spouses. The circle of friends and relatives also become smaller as disease and death take their toll, says Ghosh.

For Parvin Sherif, an elderly woman living in South Kolkata, the routine ‘chai adda’ sessions at Dignity are an opportunity to share a cup of tea and snacks with others of her age, sing songs, exchange gossip, play games and share problems.

"The whole experience is cathartic and prevents us from slipping into depression caused by loneliness," says Sherif. The Dignity Foundation currently holds ‘adda’ sessions for senior citizens at three centres in Kolkata but hopes to gradually extend the venture to every locality in the city.

Debolina Shah, who is also over 60, points out that the elderly often withdraw into a shell and suffer in silence when faced with neglect at home. "The women suffer more as in most cases they are financially dependent on their partners or children. They are sometimes physically and mentally abused and made to work as servants despite their advancing age," she says.

Under these circumstances, the best thing to do is to smile and join a support group through helplines. "By becoming part of a group outside the home, the elderly find a healthy and safe outlet for their need to socialise and express themselves," say Ranjana Roy, 60, who has just signed up as a new member at one of Dignity Foundation’s Kolkata centres.

The physical and emotional abuse of the elderly has been of growing concern for the NGOs working in this sector. Pronam, a group providing security and safety to the senior citizens in collaboration with Kolkata Police, has 1,453 registered members, among whom 681 stay alone.

Pronam gives its members access to medical care and has ties with 31 hospitals. The NGO also has contacts with 48 police stations to reach immediate security to those who call in for such security. Often it is protection from their own relatives, according to Shukla Tarafdar, Administrator, Pronam.

Property disputes and financial concerns are the main causes for elders’ abuse, with younger members of the family perceiving them as burdens. The helplines promise senior citizens seeking help absolute confidentiality and carry out social interventions to solve their problem, according to Ghosh. A survey conducted by Silver Innings Foundation and Society for Serving Seniors - Silver Innings Foundation is a Mumbai-based initiative for the elderly - in March this year lists fast track courts, old-age pension, a separate medicare policy, and a national level helpline as the top requirements for the elderly.

Lack of company is another great problem. "Besides intervention by NGOs, a community-level commitment to help the elderly couple or the single old man or woman living in the locality is necessary, to make them feel part of society and cared for," observes Manjushree Basu, 63.

Manjushree lives with her 67-year-old husband, Pralay, who suffers from chronic arthritis. Their only son lives abroad and visits just once a year. The couple could really do with some help to go to the doctor, visit a library or do some shopping.


Another childhood

"It’s often thought that money can solve problems. But for the elderly, money is just one of the problems. Even if there is money, without help and support we cannot live. Old age is like another childhood, where a caregiver is a must," says Pralay.

According to projections, India will have an elderly population of 179 million by 2031 and 301 million by 2051, with 51 per cent of them women. With the decline of traditional support structures, like joint families, the country urgently needs to ensure that the rights of this neglected section are protected, and their needs addressed.


By Ajitha Menon


Source: Gorkhapatra

Saturday, July 10, 2010

Free Workshop for Senior Citizen on Managing Money :31st July

Moneylife Foundation invites Senior Citizens to a workshop on personal finance ‘How to be safe and smart with your money’ On Saturday, 31 July 2010


Workshop faculty: Sucheta Dalal, consulting editor, Moneylife and Debashis Basu, editor & publisher, Moneylife.

Programme:
Working session by Ms Dalal, on ‘How to be safe with your money’
Working session by Mr Basu, on ‘How to be smart with your money’
Q&A
Tea & Snacks

Venue: 305, 3rd floor, Hind Service Industries Premises,Off Veer Savarkar Marg, Shivaji Park, Dadar, Mumbai 400028 .Landmark: Chaithyabhoomi lane

Time:
2.30pm to 5.30pm

Registration is on a first—come—first—served basis!!
Hurry up. Limited seats!




RSVP:
Ms.Dione / Pritika 022- 2444 1058
mail@mlfoundation.in

Silver Inning Foundation request all Senior Citizens to take advantage of this workshop.

Monday, July 5, 2010

They Kick like Grannies, Proudly: Frail, elderly women in South Africa started playing soccer as a joke

The grandmothers gather on a lumpy piece of grass as the late sun paints a golden light. Their long, demure skirts, bright kerchiefs and flat rubber shoes are like a uniform of old age.

Then one peels off her shirt, revealing a sturdy, flesh-colored bra. Another shirt comes off, and another and another. Everywhere are sensible bras and plump skin.

They pull on T-shirts and drag tight nylon shorts on under their skirts. They shimmy their skirts to the ground.

And lace up their soccer boots.

Some of the women stump stiffly onto the field. Others are limping. Some move as quietly as water in a slow-moving river.

The coach blows a whistle and the game begins.

In a rural South African township with staid values, the soccer grannies are quiet revolutionaries.

When the elderly women began kicking a ball around three years ago, they nearly caused car accidents as drivers craned to see them. People walking by stopped to stare. Gossips in this stretch of small houses, taverns and dusty streets in Limpopo province, in the north of the country, passed the word along: The grannies are playing soccer! Come and see!


Read More:
They Kick like Grannies, Proudly

Sunday, July 4, 2010

6th Annual Conference of the Indian Association for Geriatric Mental Health (IAGMH) - GERON 2010 - on “Healthy Ageing

6th Annual Conference of the Indian Association for Geriatric Mental Health (IAGMH) - GERON 2010 - on “Healthy Ageing: From Concept to Reality”- taking away the focus from disorders, and moving towards promotive health.

It is our humble privilege and esteemed pleasure in welcoming you to two days of intellectual extravaganza, interactions with both National and International faculty, exposure to budding young researchers, and of course time to let your hair down, shop and relax a bit.

So mark your calendars and we’ll see you with us on 4th and 5th of September, 2010,in this great city - Mumbai.

Register Online: About the Conference-GERON 2010

Saturday, July 3, 2010

Why You Need an Emergency Response System for Your Home

Many senior citizens choose to live alone rather than moving to senior communities. They often make this choice in order to maintain their independence and live their lives as they desire. However, senior citizens who live alone can face certain dangers that can cause their friends and family members to worry about their safety and health. Some of these dangers are outlined below.

Because of the common experience of equilibrium problems caused by decreases in vision, muscular strength, and brain function, senior citizens are more likely to fall than other populations. This can be dangerous, especially if senior citizens fall from stairs, or if as a result of falling they suffer head injuries or broken bones.

Seniors are also susceptible to forgetfulness and may forget to take their medications, leading to emergency medical situations. Sometimes this is due to the normal aging process. However, if the senior citizen has dementia or Alzheimer’s disease, both of which cause serious memory problems, the danger of them living alone is multiplied. If suffering from one of these neurological illnesses, the senior citizen may forget to eat, forget to turn off the stove, or leave the door to their homes unlocked, potentially inviting criminals in to take advantage of them.

Lastly, senior citizens are more likely to suffer emergency health problems such as heart attacks and strokes, both of which require immediate medical care. These health problems can incapacitate a person quickly, especially to the point where they have difficulty dialing phone numbers or speaking clearly in order to let emergency services know where they are and what type of assistance they need.

Given these potential perils of living by themselves, it is important that any senior citizen living alone has access to a personal emergency response system should they get into trouble. Emergency response systems offer senior citizens a direct connection to outside help, and usually require the senior citizen to do nothing other than press a button on a device worn around the neck in order to be connected. Some systems are even calibrated to automatically dial for help if they detect that the device wearer has fallen. The response system will put the senior citizen in touch with someone who can evaluate the emergency and contact friends, neighbors, family members, or emergency medical services on their behalf, depending on the seriousness of the situation. These response systems are available to help any senior citizen who requires it twenty-four hours a day, three hundred and sixty-five days of the year.

Emergency response systems, even if they are never used, offer peace of mind for senior citizens and their families. They also allow seniors who want to live alone and are otherwise capable of taking care of themselves to continue to do so, without being forced to give up their independence and move to a nursing home. An emergency response system is always a good investment for any senior citizen who lives alone and wants to feel secure knowing that help is available whenever needed.


Posted by Henry McCambridge henry.mccambridge@gmail.com

Friday, July 2, 2010

Filling The Void In Dementia Care

Three steps every developer needs to consider before entering into this seniors housing niche.

In the face of adverse economic conditions, developers have shifted their focus away from single-family residential and commercial projects to senior-living communities because they are considered a high-performing asset class. Although the assisted living segment has become somewhat overbedded, strong demand still exists for facilities that specialize in Alzheimer’s and dementia care.

The National Investment Center for the Seniors Housing & Care Industry reports that the median assisted living penetration rate among the top 100 Metropolitan Statistical Areas is 60.9%, while the median memory care penetration rate is 20.4%. Penetration rates represent the relationship between supply and demand. Lower penetration rates indicate better growth opportunities.

The Alzheimer’s Association estimates that more than 5 million Americans have Alzheimer’s disease or a form of dementia. That number is expected to increase 10% in 2010. While demand is increasing, market studies show that most Alzheimer’s and dementia care facilities have high occupancy rates.
Now is a good time to invest in this niche. Some developers report a 20% to 50% internal rate of return over a five-year period on Alzheimer’s and dementia care development projects. However, before entering into an Alzheimer’s and dementia care project, developers should undertake a three-step process:

1. Consider new development or transforming an assisted living community into an Alzheimer’s care facility: Acquisition of an existing Alzheimer’s and dementia care facility typically does not provide the greatest return on investment, as most facilities in this specialty area are performing well. Instead, consider developing a facility from the ground up in a strong market.

Some investors in Florida also have been successful in purchasing small, underperforming assisted living facilities with 60 units or less that are located in markets where the demand for assisted living is low. In this type of market, turning a small facility into an intimate Alzheimer’s and dementia care community is a viable option.

2. Size up the competitive landscape: The location of the facility is not as critical as competitive saturation of the market. It’s wise to take a good look at area competitors, their performance and facility occupancy levels. This approach will help determine optimal rental rates, amenities and services a facility needs to be competitive in the market, as well as the project’s ultimate profitability.

Understanding the competitive landscape of the market is key when determining rental rates for a new facility. It’s important to choose a market that has proven it’s capable of sustaining high enough rental rates to offset the cost of construction. And in a market with high demand, a new Alzheimer’s and dementia care facility with amenities and services that are superior to those of competitors can merit higher rates.

3. Align with an experienced operator from the start: The ability to secure funding for a project is directly tied to the track record of the management company a developer chooses to operate the facility. Success in Alzheimer’s and dementia care also is dependent on the quality of programming and care, which are provided by the operator.

The management company must have a reputation that commands respect within the community. An operator that offers top-notch amenities, and who brings an outstanding reputation for care and programming to help keep residents active for as long as possible, can perform well even in highly competitive markets for Alzheimer’s and dementia care.

Developers new to the industry should be aware that senior living facilities are not a typical real estate investment. A property’s value is driven by the facility’s operation, rather than the value of its real estate. In that respect, it’s akin to determining hotel valuations. A few hotel firms have dabbled in the niche, including Renaissance Hotels.

Partnering with a reputable management company that understands the needs of potential residents from the start of the development project will put the investment on the right track for success.

By Alex Lopez, director of business development for Senior Management Advisors (SMA), an operator of seniors housing communities in Florida and Georgia specializing in rejuvenating facilities. He can be reached at alopez@smaservices.net.


Source: Filling The Void In Dementia Care

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