Latest News | GT Bharathi Urban Developers Commits Rs 350 Cr to Set Up Retirement Communities
Get latest articles and stories on Latest News at LatestLY. GT Bharathi Urban Developers Pvt Ltd has committed investments of about Rs 350 crore towards setting up retirement communities under the brand 'Elements Senior Living' in the country, the company said on Thursday.
Chennai, Mar 21 (PTI) GT Bharathi Urban Developers Pvt Ltd has committed investments of about Rs 350 crore towards setting up retirement communities under the brand 'Elements Senior Living' in the country, the company said on Thursday.
GT Bharathi Urban Developers Pvt Ltd is a joint venture entity between GT Group, which is engaged in industrial warehousing and infrastructure, and real estate developer Bharathi Homes.
The investments would be spread across two years to develop senior housing and assisted living facilities to be established across the country, a company statement said here.
GT Bharathi Urban Developers Pvt Ltd said it would bring in its wealth of experience in developing and operating the retirement communities. The company has aimed to establish 20 retirement communities and assisted living facilities across India over the next three years.
"Elements (the brand) will revolutionise the way the industry looks towards senior living. It will be state-of-the-art both in terms of technical innovation and also in terms of construction," said Bharathi Homes Managing Director Arun Bharathi.
On this project, GT Group Managing Director, Bharat Kanti Doshi said, "The GT Group is fully committed to the growth of 'Elements' (brand). We look at the senior living sector as one of the fastest growing in the country."
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)