Sunil Puri says there are multiple benefits to this. Retirees are one of the fastest growing segments of our population. We need to cater to them by building facilities that offer a comfortable lifestyle. Puri says retirees tend to be wealthy and spend money where they live which created greater demand for other services.
Aging often comes with increased costs for housing and medical services, but studies show attracting retirees to the area far outweigh the disadvantages.