4 Best Places to Live After Retirement in India 2023

Top 4 Places to Live After Retirement in India:- When a person decides to permanently leave his working life behind, that time of his life is known as retirement. Many retirees embark on global travel, while others choose to stay home and pursue their interests.

However, money loses value in the current environment of economic unpredictability and rising inflation, raising the cost of retirement. To ensure a comfortable retirement in such a situation, it is good to look for one of the best places to live in India after retirement.

4 Best Places to Live After Retirement in India

There is a big transformation in life with the best places to live after retirement. It’s time to enjoy the fruits of your Labor after working hard to establish your life and making the decision to leave the world of work behind for good. While some retirees embark on international travel, others hope to spend their time in luxury and leisure.

While retiring in India offers the possibility of a change of pace and opportunities in terms of infrastructure, healthcare options and a strong connection, you need to be realistic and aware of how things are changing. The cost of living is rising due to global economic uncertainty, rising inflation, and the declining value of money.

Overview of Top 4 Places to Live After Retirement in India

Points to consider before looking for the best places to live after retirement

Although Best Places To Live After Retirement is the time when you are formally free of anxieties about your job, it still comes with certain financial worries. For most seniors, pensions and life savings are their only sources of income. Additionally, medical crises and difficulties can occur during this time, increasing costs. You may want to start a new business, travel the world, or meet obligations like paying for a child’s higher education or wedding, which would increase your expenses.

Before moving to one of the best areas to live in India after retirement, you should consider the following factors:

Cost of Living: The cost of living statistic describes the monthly costs of maintaining a given standard of living at a specific place and time. The cost of living is influenced by the costs of housing, food, medical care, clothing, entertainment, and transportation.
Climate and Air Quality: While some retirees choose a busy metropolis, others may decide to spend their days in a remote hill station. As a result, consider the city environment when choosing a retirement location.
Presence of Medical Facilities: You should check the availability of emergency and medical services in a city in India before moving there after retirement. Hospitals, nursing homes and emergency care centers must be accessible and affordable in the city.
Crime rate to measure safety: The liveability of a city is significantly influenced by its level of safety. Before you decide to settle down, consider the state’s average crime rate and the effectiveness of its police force.
Availability of government facilities and public transportation: choose a city with a tone of government buildings. The government offers a wide range of necessities for daily life. Ensuring that everyone has access to public services is the responsibility of the government. Schools, hospitals, universities, energy, sanitation, drinking water, etc. are examples of public facilities. Before choosing a place to retire, public transportation is another crucial service to consider. Think of a city that has good road, rail, and air access.

Click Here: – Diwali Calendar 2023

How to plan your retirement?

After working hard until a certain age, most people dream of living a quiet and comfortable life. You need to prepare ahead of time for the best places to live after retirement if you want to live a stress-free retirement life. As you prepare for retirement, consider:

Understanding the retirement time horizon
Determine retirement spending needs
Calculate the after-tax rate of return on investment
Assess risk tolerance against investment objectives
Stay on top of estate planning

The 4 best cities in India to live after retirement

Here are 10 Indian cities you might want to consider if you’re looking for the best places to live in India after retirement:

1.Chandigarh

With good connectivity, a clean atmosphere and the distinction of being India’s first planned city, Chandigarh is a paradise for senior citizens.

Cost of living: medium to high (for a family of four)
Community livability: good
Quality of Life Index: Excellent
Monthly rent: 20k to 40k for a 2-3 BHK apartment
Air quality: Good
Climate: Humid subtropical climate
Connectivity: Good
Public transport: good
Medical facilities: Available 24*7
Banks and financial institutions: Located throughout the city.

Chandigarh is a great area to live after best places to live after retirement due to its low crime rate and its proximity to the mountains of Himachal Pradesh. The distance between Chandigarh and major Indian cities like Delhi and Amritsar is short. The city is also less polluted and cleaner than most Indian cities. Numerous medical facilities including Fortis and Shri Ram Multispecialty Hospital are located in Chandigarh.

Also Check: – Shopping Ideas For Diwali 2023

2.Dharamsala

Dharamshala is a wonderful place to retire as it is home to monasteries, mountains and beautiful landscapes.

Cost of Living: Moderate
Community livability: good
Quality of life index: good
Monthly rent: 12k – 20k for a 2 BHK apartment
Air quality: Good
Climate: monsoon influence, humid subtropical climate
Connectivity: Moderate
Public transport: Average
Medical Facilities: Below Average
Banks and financial institutions: Moderate

The cost of housing is lower than other cities in northern India and the coworking movement is expanding rapidly. Dharamshala is safe and has a generally pious environment resulting in low crime rates, unlike many Indian cities. You should reconsider your choice because there are few medical facilities and public transportation options available.

3.Jaipur

Thanks to a thriving business district and vibrant gyms, the pink city is becoming increasingly known as a place to retire.

Cost of living: moderate to high
Community livability: medium
Quality of life index: good
Monthly rent: 16k – 25k for a 3BHK apartment
Air quality: Moderate
Dry weather
Connectivity: Good
Public transport: moderate
Medical facilities: good
Banks and financial institutions: Good

Jaipur offers all the amenities you’ll need for a comfortable stay, including affordable accommodation, top-notch healthcare, and efficient public transportation. People come from all over the country because of the affordable cost of living, delicious cuisine, welcoming neighbors, and stunning scenery. Despite the occasionally scorching weather, retirees will appreciate the calm atmosphere of this place.

Also Read:- Tilkut Chauth 2023 Date, Calendar

4.Pune

Pune is considered by some to be the most livable Indian city, especially for students and retirees.

Cost of living: moderate to high (for a family of four)
Community habitability: Good
Quality of life index: moderate to good
Monthly rent: 15k – 40k for a 2/3 BHK apartment
Air quality: Moderate
Mild weather
Connectivity: Good
Public transport: good
Medical Facilities: Excellent
Banks and financial institutions: Good

You might think of moving to Pune after you retire due to its active senior citizens society and posh lifestyle.

FAQs on 4 Best Places to Live After Retirement in India 2023

Where is the best place to reside after retirement?

The top three countries in the ranking are Norway, Switzerland and Iceland, all of which have a future of 83 years, compared to 77 for the US and the world average of 72. The future was considered in the well-being record. of the ranking, which also thought of uses for well-being.

Which city is safest for seniors in India?

Chennai: Considered a haven for retirees, Chennai has a huge population of senior citizens living here. It is also known for its rich culture and is one of the completely safe urban communities for seniors.

Where is the most affordable place to retire and live?

Rather, Alabama is the most reasonable state to quit, according to WalletHub’s “Best States to Quit in 2023.” The exam looked at each of the 50 states in three key rankings: medical services, personal satisfaction and moderation.