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.

Housing for the Senior Citizens : Old age homes

Cool, peaceful, retired life ! That's what you wish for ?



May I invite your attention to an article in “The Hindu (supplement - Property Plus) “ dated 11 Oct 2008. The short article “With the needs of the elderly in mind” by Shyama Rajagopal is worth it. The Sainik Vihar at Kakkanad, Cochin has been built with these aspects in mind. The author also affirms that such facilities have become relevant today as few projects are started with that aim.



For those of you who may not have read the article, I have here a few points extracted from the article.

Sainik Vihar, Kakkanad, Kochi – Exclusively for ex-service men .

Built by the Kerala Ex-servicemen’s Welfare association.

Built with the needs of the elderly in mind.

To live independently, without feeling lonely, and enjoying community living.

Food from a canteen, or cook of their own.

111 cents of land; accommodation for 36 families; 16 small villas( two units each) ;

Area from 270 sqft to 467 sqft.

Cost from 1.1 lakh to 2.1 lakh (deposit). Regn fees 10,000/--

In case of death, the deposit (less 5%) will be returned to the nominee.

Canteen at reasonable charges.

Guests/ children of the residents will not be allowed to stay overnight (space problem); but Guest room available.

I am sure many senior citizens would be looking for such homes.