Best Places to Retire in India for NRIs
26 Sep 2022

Best Places to Retire in India for NRIs

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Key Takeaways

Cities like Pune, Bangalore, Kochi, Chandigarh, and Ahmedabad are among the best cities to retire in India. These cities comprise excellent civic amenities and are typically budget-friendly for senior citizens looking for a peaceful retirement.

Non-Resident Indians typically spend years working in a foreign land to improve their financial prospects. Many NRIs return to India upon retirement and relocate to cities where they can find a sense of community and like-minded people with similar interests. As an NRIs looking to enjoy your golden years in your motherland, you can consider relocating to any of these best cities to retire in India.

5 Best Places to Retire in India for NRIs

The following are among the best places to live after retirement in India.

  1. Pune

    Considered the retiree’s paradise, Pune in Maharashtra is home to a thriving senior citizen population, with various amenities and facilities designed for them. Pune’s beautiful parks, fantastic weather, and proximity to Mumbai make it an ideal retirement hub. It also houses excellent medical institutions and senior-living facilities, making it one of the best places to retire in India.

  2. Bangalore

    NRIs who want to set up a business or work as freelance consultants can consider moving to Bangalore, Karnataka. Bangalore is interesting as it houses a cosmopolitan community with fantastic apartments, row houses, condos, etc., within gated communities. Its proximity to hill stations and beach destinations makes it an excellent city for retirement-life activities.

  3. Kochi

    If you prefer all the amenities of a big city but the pace of a small town, Kochi in Kerala is a great option. This tier-II city, located on the Arabian Sea’s coast, is renowned for its elegant architecture, quiet life, and excellent air quality index. Plus, you head to the gorgeous backwaters of Kumarakom or Alleppey easily from Kochi.

  4. Chandigarh

    A beautiful juxtaposition of the old and new India, Chandigarh is a modern city with historic roots. It is among the best places to live after retirement in India. Chandigarh is among India’s fastest developing cities and is renowned for its wide roads, green open spaces, and excellent medical institutions. It boasts top-notch infrastructure facilities for a thriving seniors community.

  5. Ahmedabad

    Ahmedabad in Gujarat is another rapidly developing city. Ahmedabad has witnessed tremendous economic development in recent years. It is close to the capital Gandhinagar but houses all the facilities of a metropolitan city. Ahmedabad is also home to a growing community of seniors looking for a peaceful retired life.

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Best Places to Retire in India – Factors to Consider

You must consider these critical factors while determining the best cities to retire in India.

  • Cost of living: Ensure the living costs are within your budget. Research about expenses like property rates, rent, general living expenses, etc., before shortlisting a city.
  • Civic amenities: Check if your city has good civic amenities and infrastructure. Choosing a city with excellent but affordable healthcare facilities should be a priority for seniors.
  • Climate: Old age brings many health issues, some of which can be aggravated by the climate. Moving to colder cities can impact your bones, while hotter climates may cause weakness, heat strokes, dehydration, etc.

Final Note

As an NRI hoping to relocate to India, you may be worried about managing your finances. However, with DBS Treasures, you can park your foreign earnings in India and create fixed deposits generating regular income sources. You can open NRO FD and NRE FD Accounts or create FCNR Account and RFC deposits with DBS Treasures.

Open an NRI account remotely from the comfort of your home. Get started here.

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*Disclaimer: This article is published purely from an information perspective and it should not be deduced that the offering is available from DBS Bank India Limited or in partnership with any of its channel partners.

The purpose of this blog is not to provide advice but to provide information. Sound professional advice should be taken before making any investment decisions. The bank will not be responsible for any tax loss/other loss suffered by a person acting on the above.