Financial Daily from THE HINDU group of publications
Thursday, Aug 05, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Social Welfare


LMW to open `leisure village' for seniors

Our Bureau


Mr D. Jayavarthanavelu

Coimbatore , Aug.0 4

GKD Charity Trust of the city-based LMW (Lakshmi Machine Works Ltd) Group has promoted a `leisure village' for senior citizens — Vrundhavan.

The first phase of the Rs 8-crore project is nearing completion. The Chairman and Managing Director of Godrej and Boyce Manufacturing Company Ltd, Mr Jamshyd N. Godrej, is to formally inaugurate the facility on August 6.

Dr D. Jayavarthanavelu, Managing Trustee of GKD Trust and Chairman of LMW, said that the concept of a leisure village for the aged was aimed at providing a facility to suit the post-working life routine without hassles.

"Professionals can still put their experience to gainful use," he added. Stating that the initiative is `service-centric and not profit-oriented,' Dr Jayavarthanavelu said that he drove home the concept after one of his visits abroad.

"There are a number of leisure villages in the US. We wanted to replicate it here, as we visualise a similar situation in `Emerging India.' As it is, a number of youngsters have gone in search of greener pastures abroad, leaving their aged parents back home. Then, there are many parents, who themselves had been no less successful, now advancing in age, are not prepared to stay with their children. At Vrundhavan, we will help these people to relocate themselves along with their friends and lead a meaningful life."

Replying to a query about the project, Dr Jayavarthanavelu said that 12 spacious cottages were ready for occupation at Myleripalayam near here and four more cottages would come up in the same site soon. "We are planning to take the total number of cottages to 40, but that is only in the second phase, probably next year. We are also planning to have guest rooms to accommodate guests. But as it is, we have tied-up with a local hospital for routine medical check up for the inmates, have in place a well-equipped fitness centre, a dispensary, reading room, security, common dining facility, indoor games facility, and an outdoor practice facility for golfers etc.'

He said that the occupant would have to pay Rs 12 lakh refundable deposit. Apart from this, the Trust would collect at the rate of Rs 6,000 per person every month towards maintenance and service.

A screening committee comprising a doctor, a lawyer, a psychiatrist, and a social worker would select the prospective members to achieve a `harmonious community.'

More Stories on : Social Welfare | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Business activity badly hit by heavy rain


Right Livelihood Awards to be announced in Hyderabad
FICCI wants Govt spending pruned
Seminar on Green Buildings in Thiruvananthapuram
CBEC asks Customs to refrain from unilateral action on EPCG cases
SC ruling on Pan masala, gutkha: Health bodies to approach Centre for ban
Rare surgeries performed by KIMS
USFDA's nod for Ranbaxy tablets
789-tonne rise in KMML titanium exports
Reliance finds more gas off east coast
Oil Ministry lukewarm to PSUs diversification — ONGC plans may be hit
BPCL, GSPC to ink piped gas supply deal
CPCL to set up desalination unit
Prescriptions may go generic
Sun Pharma, Ipca Labs plants hit by floods
Clinical trials of GM organisms — Pharma cos may be exempted from seeking clearance
Steel sector bid to woo budding architects
Centre's service tax collections double in Q1
Cotton prices may plunge further
Networked system should provide quality education: Kalam
NITK M.Tech seats on offer
Rash of resignations in consulting world
Cenvat removal puts paper cone units in a fix
CII announces talent contest for IT students
CII hails concept paper on Company Law
German co signs pact with CCMB
Kerala Govt announces sops for film sector
Maersk FDI proposal among 46 cleared
Centre for NRI studies to be opened shortly in Thiruvananthapuram
LMW to open `leisure village' for seniors
`Convert India into a country of opportunities'
MBA students' meet on CMP
India Inc for review of `falsification of accounts' proposal
Taj group forays into wildlife tourism — Ties up with CC Africa, Cigen



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line