Care Homes - LIC Housing Finance

Today's Economic Times carries an article on "LIC Housing Finance to launch CARE HOMES for aged".
Let me give an abstract of the article, for you.

"LIC Housing Finance has come out with a novel scheme pan-India of providing community dwelling units to benefit the aged, as a part of its social responsibility initiative.
They would build 90-100 dwelling units on a 5-7 acre complex called "Care Homes". This would house a gym, walking track, a library, a community centre, kitchen, and medical facilities. The care homes with independent dwelling units and centres for recreation and interaction, would provide community living to the aged. Here, individuals can live in a congenial environment with like-minded people of their age-group. It's an investment which gives one a security post-retirement. There would be a monthly charge for the services/ facilities offered, in addition to a monthly fixed charge for the facilities provided.
each dwelling unit would cost around Rs. 7-8 lakhs. Minimum age for taking a care home is 50 years.
The first one of this kind had already been realised in Bangalore. Plans are on to open more at Jaipur and Bhuvaneswar, for which land is already acquired. Plans are also on for care homes at other places too.
"

A ray of hope for the needy !

You may visit http://www.lichousing.com/ for more details.