This is plan for Old man housing of a community.

1. Retired
Chaturvedi Homes
First Discussion – 8th Aug’21

2. 2 minutes
summary
• Objective: Development of “Retired Chaturvedi Homes”
• Approach:
Identify
• Identify the
Customer ( like
minded People)
• Group of like-
minded people
agreeing for this
concept
Voice
• Voice of the
Customer
• Size and facilities
in Apartment
• Location of
Society
• Financial aspect
– How much and
process of
transferring the
asset
Develop
• Develop the voice (
Execution stage)
• Identify the
Developer and
get executed (
i.e. PMC)

3. Locations
Discussed:
• Near Metro cities:
• On Yamuna expressway near Noida side
• Far from Metro cities:
• On Yamuna expressway near Vrindavan side
• Near Dehradun
• Near Bhopal
• In Himachal Pradesh
Locations:
• Pros:
• International airport in close vicinity
• Medical facilities in close vicinity
• Availability of Professional Facility management System
• Higher FAR
• Lesser development charges
• Cons:
• Higher land cost
Near Metro cities:
• Pros:
• Lower land cost
• International airport in close vicinity
• Medical facilities in close vicinity
• Cons:
• Availability of Professional Facility management System
• Lower FAR
• Higher Development charges
Far from Metro cities:

4. Facilities
Discussed
All Apartments are 1 BHK or 2BHK
Carpet Area: Maximum of ~1000 – 1500 Sq. ft.
• Senior friendly homes
• Safety & Security
• 24x7 medical care
• Physiotherapy & rehabilitation
• Plumber, Electrician,
• Availability of Groceries
• Club house
• Card Room etc.
Facilities:
Guest house in each floor

5. Financial
aspects
Price Points
• All the following are indicative figures only for initial budgeting purpose.
• Initial cost ~ 50 Lacs
• Maintenance cost: ~Rs 10 per sq ft per month
• Minimum 100 apartments in the society
Fund Management
• Transactions: Only through banks
• Operating Bank Account: Minimum 3 persons ( as signing authority)
• Publishing of account statement in regular interval ( frequency can be finalized
later)
Other Queries
• What will happen to Apartment after the person ( as these are retirement homes).
• If the individual apartment owner can identify next owner within his/ her family
the same will be transferred as any other flats.
• Another option is Any society ( like newly formed society or Chaturvedi Mahasabha
or similar other Chaturvedi societies) can take that apartment and then run for that
society as gust house or differently
• Second option can be exercised
• Either initially using reverse mortgage concept
• Or later one time sale

6. Open Session