Colive, BCD, Portea join hands to launch Rental Retirement Retreat, “Vanaprastha”

Bangalore, June 22, 2022: Rental exchange platform, Colive, has launched rental retirement retreat, Vanaprastha. 

A press release issued by the company says that the project is a unique initiative between Colive, BCD & Portea Medical. Vanaprastha is situated in a gated community developed by BCD Group. The project will have the presence of onsite healthcare support, in the form of general physicians, nurses, physiotherapists & an ambulance provided by Portea. 

“Everyone loves the idea of being young & surrounded by friends again, and we at Colive have leveraged our expertise in crafting joy for India’s youth, to create an unforgettable experience for the country’s beloved adult ++ populace. The association with Portea Medical has enabled us to offer a medically secure retirement community, and we’re grateful to both teams that decided to join hands when we envisioned the next big frontier in India’s residential rental space”, said  –Suresh Rangarajan (Founder & CEO, Colive)

Angad Singh Bedi, Promoter & MD, BCD Group said, “The BCD Group is proud to have partnered for Vanaprastha- a project that is set to redefine how retirees in India spend their latter half of life. With a sizeable chunk of India’s elderly population living in isolation, this project will help seniors enhance their quality of life & tap into their full lifestyle potential. We’ve always believed in adding value and our legacy of 75 years is a testament to it. Enveloped with the best-in-class medical care & wholesome community benefits, this project will be a game changer for how the elderly live in Bengaluru.”

With nuclear families and the compulsion for younger generations to settle in different cities or countries due to professional reasons, there is a rising need to provide a quality living experience for the Adult++ citizens in India. At Portea, we believe in offering services and facilities that empower these Super Citizens to live independently with adequate self-care guidance, and on-call medical support. Through our path-breaking partnership with Colive, we have taken a step towards creating a world-class medically secure living experience for the Super Citizens in India. As a partner, Portea will take care of the healthcare support in the co-living apartments set under the Vanaprastha initiative. We will provide physiotherapy sessions 2-3 times a week, nursing facilities, doctors on call, medical equipment, and various other necessary facilities. The aim is to ensure a dignified, comfortable and healthy co-living experience for the Adult++ generation. – Vaibhav Tewari, (Co-Founder & CEO, Portea Medical)

Reservations at Vanaprastha are vetted by a team at Colive, and users have an option of registering either via the official website, or through a consultation with a relationship manager.