Which are the best Indian cities to retire in?

Sep 04, 2019 | 2 weeks ago | Read Time: 4 minutes | By iKnowledge Team
5 Best Cities to Live Post Retirement in India

We’ve often heard some cities are great when it comes to employment opportunities. Similarly, there are some that are great for a life post-retirement. Most people work hard all their lives to lead a comfortable and relaxed life after they retire, because then is the right time to enjoy the fruits of your labor. Life is not a vacation people say, but it can be one if you make the right choice of being in a good city.

When you decide on a city to live after your retirement, there are certain prerequisites to keep in mind, ranging from standard of living, climate, public transport, crime rate and most importantly, health care facilities.

Here is a list of cities we think would be ideal for that phase:

1. Chandigarh: Chandigarh has the highest per-capita income and undoubtedly the best infrastructure in the country. In terms of accessibility, it is close to the national capital, New Delhi. The first planned city in India after Independence is well-connected by road, rail and a domestic airport. Additionally, a metro rail is also under construction and should be functional by the end of this year.

According to Cushman and Wakefield, in the last few years, Chandigarh and its surrounding areas have witnessed a rise in real estate development and has become significant as a property investment destination. Rentals for a two-bedroom apartment in this city would on an average cost between Rs 15,000 – Rs 20,000 per month.[1].

In terms of health care facilities, there are both good government and private hospitals and are accessible. It also has a lower crime rate than the national average. Apart from malls and multiplexes, there’s also a lot to see, including the Rose Garden and the internationally reputed Rock Garden, the largest of its kind in Asia.

2.Bhubaneswar: The capital of Odisha is significant both in terms of economic and religious perspective, especially in eastern India. There are steel manufacturing as well as IT companies that have gained prominence here and have led this city towards the path of development, especially in the last few years. It is well-connected by air and rail to all parts of India, making it easily accessible. A bus rapid transit system has also been planned to improve travel within the city.

Besides, it is a World Bank model city for power distribution reforms in the country and has the lowest electricity prices in India.


In terms of healthcare, it boasts of several multi-specialty and super-specialty hospital for advanced medical treatment.

3. Coimbatore: This is not a city many would think of settling in, but did you know Coimbatore is surrounded by the lush Nilgiri mountains and has Ooty in proximity, which adds to the pleasant climate in the city. Compared to other places in Tamil Nadu like the capital city Chennai, the cost of living here is much lower.

The rentals in the city are affordable and are in the range of Rs 15,000 – Rs 20,000[3] every month for a two-bedroom apartment. With respect to health care facilities, there are several hospitals in the city with advanced medical technologies, so there’s no need for any worry. In fact, it is considered as a hub for medical tourism in India and especially in Tamil Nadu. The facilities available here are in sync with the best practices in the field of medicine.

4. Jaipur: This city has always been the hot favorite of tourists, but there’s really no harm in settling down here post retirement. After all, you are no longer a part of all the hustle and bustle and can enjoy this phase. It is well-connected by road, rail and air and in fact has gained more popularity in the last few years, since it hosts the annual Jaipur Literature Festival.

It is a booming real estate destination, with a large number of investors eyeing this city due to growth in the tourism and IT sectors. Besides, it is also an emerging education hub.

5.Dehradun: One of the most offbeat destinations to retire, Dehradun is a city, yet unlike any of the commercial ones. It is surrounded by picturesque hills, which also means salubrious climate through the year. Since the city is still not exposed to urbanization, the real estate rates are much lower as compared to other cities. It has also become attractive for senior citizens, especially after the construction of a luxury retirement home that also features two hospitals.

Renting an apartment here with two bedrooms would cost anywhere between Rs 10,000- Rs 15,000 per month [3]. The city also has a network of hospitals spread throughout, which makes health care both accessible and affordable. It also has a low crime rate.

Though deciding your choice of city for a peaceful life is significant, but also important financial stability during this phase.  Trusted companies like Aegon Life provide retirement plans that gives you immediate pension to take care of your needs. It pays you continuous income post your retirement for the rest of your life, so that you make no compromises on your lifestyle.

You can opt for either Life Annuity or Joint Life Annuity, which will include your spouse as well. Besides, you can choose to receive annuity either on a monthly or annual basis.

Sounds like a great combination, right? Make your life a vacation now, there’s really no stopping! To know about Aegon Life’s life insurance products like term insurance plans and other products like health insurance, visit our home page.

Citations:

[1] https://www.tomorrowmakers.com/retirement-planning/5-indian-cities-that-are-great-for-retiring-in-listicle

[2] https://www.tomorrowmakers.com/retirement-planning/5-indian-cities-that-are-great-for-retiring-in-listicle

[3] https://www.tomorrowmakers.com/retirement-planning/5-indian-cities-that-are-great-for-retiring-in-listicle


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