Sell, downsize or redevelop? Real estate lessons from retirees who are trading bungalows for cash and gated living
· livemint.com
India’s population aged 60 and above is projected to reach 347 million by 2050, according to the United Nations Population Fund. This highlights an important question for ageing homeowners: how much real estate do they actually need in retirement?
After his wife died, 83-year-old S. Jagannatha Rao sold his three-bedroom house in Bhopal to move closer to his two sons in Bengaluru. Since the locality was ex...