It is pretty hard, if not impossible, for senior citizens to get loans for housing projects - which is more biased towards salaried professionals in their 30s. If senior citizens have to plan for a retirement home, they will mostly have to dig into their savings or liquidate their assets. Recognizing this problem, L&T Arun Excello is offering a "Exchange Offer" for senior citizens to help them own an apartment in their gated community project - L&T Arun Excello Estancia.
To enable this scheme, L&T Arun Excello has joined hands with Jones Lang LaSalle Meghraj (JLLM) subsidiary Homebay Residential, which would aid the senior citizens in valuation of their old homes, selling the same for a good price and to subseqently buy an Estancia apartment.
Given that most senior citizens would have invested (probably around 15 to 25 years ago) in independent homes or apartments in areas like Adyar, Besant Nagar, Anna Nagar, Ashok Nagar, K.K.Nagar and Velachery, it is natural to see high valuation deals coming out of those assets.
Anti-Skid floors.A total of 30 apartments have been reserved in the ground and first floors of Estancia projects and would cost Rs.75 Lakhs to One Crore. If senior citizens where to own independent houses or plots, the offer includes joint venture development plans.
Ramps for easy access to all areas.
Grab Bars in toilet.
Dedicated landscaped, vehicle free pedestrian pathways.
Yoga and meditation centre.
Polyclinic with doctor on call within township.
Pharmacy within township.
Supermarket within township.
Optional house-keeping arrangements.
Possession will be available from December 2009.
L&T Arun Excello Estancia is the 3rd project to focus to the Senior Citizen's residential market in Chennai, along from Alliance Gardens @ Orchid Springs in Padi/Annanagar Extension and Akshaya Adena in Padur / Kazhipattur, South of Siruseri on OMR. (Related Post : Alliance Gardens vs Akshaya Adena - Battle for the Senior Citizen market)
For more details visit : Arun Excello Estancia
This post is now part of Discussion thread on L&T Arun Excello Estancia
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