Living next door to granny

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} As opposed to a pure senior living model, developers todayare getting ready to launch inter-generational townships Manohar Singh, a marketing professional who travelsextensively, constantly worries about his father's security and medical needs. Theduo share a strong bond and yet cherish their independence. They're looking fora modern housing option where they need not live under the same roof but at thesame time stay close to each other. Well, the Singhs can count themselves luckyas some developers are planning to introduce inter-generational (IG) townships in the market soon. These would beintegrated townships that include an enclave or a special cluster for seniorswith special facilities such as nursing care and a wellness centre. What is IG housing? Studies have indicated that seniors, especially the postindependence generation, do not wish to be isolated in remote retirementvillages but prefer to be actively involved in the changing urban cityscape. Apopular concept in the US, these inter-generational communities can becomerelevant from an Indian standpoint too. Developers can carve out well-plannedenclaves aimed at seniors within their integrated townships and carefullyintegrate the same in the overall plan. So, an elderly couple can have their children with theirnuclear families living a block or two away. The younger lot can enjoy itsindependence and yet, reassuringly, just be a phone call away from the parents. "These dwellings enable elders to look at retirementfrom a fresh perspective -the beginning of an active new lifestyle where theyare not only well taken care of but even get to deploy their skills to servesociety or pick up a new hobby," says Saumyajit Roy, assistant vicepresident, strategic business unit, education, healthcare and senior living atJones Lang LaSalle Meghraj. Varied products The Indianhousing markethas been experimenting with models for senior living. From old age homes builton a single plot to senior living resorts located away from the city, spreadacross three to five acres, the sector will now see the advent of IGcommunities located on land parcels that are as big as 50 acres to 1000 acres. Rakindo Developers Private Ltd will launch one such project,Kovai Hills, in June this year. Located on the fast developing Coimbatore Pallakadcorridor, the project is to be developed over 1,000 acres and will have a100bedded hospital, a wellness spa, schools, colleges and even a 18-hole golfcourse thrown in. Says Dr Prashant Koneru, the company's director-development,"It's wrongly assumed that seniors want to live a secluded life. Theywould much rather interact with and play an important role in giving backsomething to society. That's why we decided to introduce this concept in ourintegrated township. We also plan to replicate the model in our futuretownships in Kumarakom and Chennai." Impact Senior Living Estates PrivateLtd, too, is coming up ILLUSTRATION: ABHIMANYU SINHA with a similar facility inAmritsar. This will be part of a larger township spread over 50 acres with three tofour acres reserved for senior residents. "It will be a gated colony within a colony. The focusis on service and medical care. There will be nursing care and healthcare provided byFortis. The seniors' facility will be located at the far end of the colony fortheir security and to enable them to enjoy a great view," points outJaivir Singh of the group. Different formats there are two ways in which IG communitiescan be created. The first way, according to Roy, is to develop an age-targetedenclave or a cluster within a master planned community, something that thedevelopers targeting senior accommodation in India are focusing on. The secondinvolves a pre-planned infill pattern wherein senior housing is sprinkled overa larger neighbourhood involving multiple generations in agetargeted homes . A massive experiment of thisnature was undertaken in Denver, US, over a 4,700 acre redevelopment exercise.The layout pattern had both small and large lot sizes. This promoted naturalselection wherein a community was created with different age groups livingtogether in spaces specifically designed for them. In both cases, placement of amenities and landscape can playan important role in connecting the privatehome areas to the common areas such as aclubhouse, dining areas, nursing care, or wellness centres. In a particularneighbourhood in the US, an architect placed the club house and the common areassuch as coffee shops, restaurants and convenience stores in such a manner thatit was convenient to the senior for his active daytime usage and foryoungsters' usage in the mornings or late evenings. This also promotedintermingling of generations, which is extremely healthy for seniors and youngpeople. Schools, colleges, creche, day care facilities and even small timebusinesses can be designed inside the township so as to encourage seniors,repositories of knowledge and learning, to work as teachers and advisors. Such engagement activities help the social fabric develop ina township and also provide seniors with a sense of identity. The model As in the US, IG colonies can be based on equity,lease, deposit fee or a combination model. These communities, unlike standalonesenior living resorts, provide for economy of scale as many facilities areshared. "It is possible to develop well-planned senior enclaveswithin larger townships since it cross-subsidises the cost of development ofcommon area facilities among larger townships and makes the neighbourhoodattractive for seniors," says Roy. Usually, in many senior living facilities, developers offera payback scheme for these homes after the demise of the residents. People get to buy membership to live there and use thefacilities for as long as they live. Impact Senior Living Estates Private Limited offers twomodels -a high entry charge and a monthly amount (approximately Rs 20 lakh asentry charge and Rs 15,000 to Rs 20,000 that includes food and housekeeping) ora low entry amount and a high monthly charge (approximately Rs 42,000-Rs 48,000per month), points out Singh. Adds Koneru, "We are planning to introduce a leasemodel (creating a low entry barrier) which will cover housing , food, regular medical check-upsand specialised services such as house accountants, etc." The futureInter-generational colonies have a bright future in India. This is because many township projects in the country coverareas of well over 30 acres, where the developer can easily use a part of hisproject to create an enclave which has facilities that elders can appreciate.   Courtesy: HT Estates 27th Feb 2010 For more information regarding apartment in gurgaon, bedroomapartments, buy property in india, commercial complex in india, commercial realestate, commercial space in gurgaon, dealers, flats for sale, indian realestate investment, investment options in real estate, luxurious flats, malls,office space, office space in gurgaon, online real estate, penthouses gurgaon,plots, property consultants, property in gurgaon, property india, propertyinvestment, real estate company, real estate developer, real estate gurgaon,real estate in india, real estate investment strategies, real estate market,real estate news, real estate portals, realtors, realty, residence, residentialreal estate, sell property, shop, villas, Residential Apartment   Visit    www.zameen-zaidad.com             www.propertycafeteria.com

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