Vastushodh forays in affordable housing for senior citizens

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City based Vastushodh Projects, player in the affordable housing space, today announced the launch of ‘SukhGram’, the affordable housing scheme for senior citizen.

Pricing of homes at ‘SukhGram’ would range between Rs 10 – 35 lakh depending on the location. ‘SukhGram’ will be an independent gated community within ‘AnandGram’ and ‘UrbanGram’ projects of Vastushodh with specially designed homes and infrastructure that will support assisted living.

“While building our ‘AnandGram’ & ‘UrbanGram’ projects we came across a lot of senior citizens who were approaching their retirement age and wanted to buy a flat with us that was well within their budget and which could be bought from their post retirement benefits. This need gap prompted us to get into affordable housing for senior citizens,” said Sachin Kulkarni, MD, Vastushodh Projects.

The first ‘SukhGram’ will come up at ‘UrbanGram’ – Pirangut site and will house over 200 homes for senior citizens with option like Studio Apartment (400 sq.ft.), 1 BHK (650 sq.ft.) and 2 BHK (850 sq.ft.). It would also have special guest house with eight rooms for the convenience of guests, which will come to visit the residents of SukhGram, said the company.

“Vastushodh will form a separate entity that will offer the required support services at ‘SukhGram’, these services will include healthcare services with a day care centre, preventive maintenance of homes and other infrastructure, housekeeping, security, food, entertainment, emergency services and concierge services,” said NitinKulkarni, Director, Vastushodh Projects.

The NRIs' Parents' Organization (NRIPO), non profit social organization established in the year 1994 in Pune, primarily for the parents whose children have gone abroad for higher studies or job, became the first group to have booked 150 homes for its members at the said project.

Last year the company had received investment from PE firm Avenue Venture Partners Real Estate Fund of Rs 40 crore for its project AnandGram.