India, March 6 -- Senior living homes are an emerging concept in India. Many of us may know a senior relative residing in one such real estate project. While these communities offer older adults a supportive, community-oriented environment tailored to their needs, are they financially feasible? In other words, can you afford one? Here's what you should consider before investing in a senior living project.

"Senior homes typically offer 24/7 medical care, security, housekeeping, recreational activities, wellness programs, and emergency response systems," says Kanika Gupta Shori, Founder and COO, Square Yards, a real estate marketplace.Let us look at the cost of senior living facilities. Senior living home prices depend on location, unit co...