vijayawada:the lic housing finance limited, a subsidiary of life insurance corporation of india, would soon float a new company lic hfl home care to build houses for senior citizens. the company intends to set up assisted living community centres (retirement homes) for senior citizens on the outskirts of metro cities, according to lic hfl regional manager c r aithal. he told reporters here on monday that community centers would be started at pune and noida this year as a pilot project. the apartment complexes would be owned by lic hfl and leased out to senior citizens. all amenities like food, security, health care, etc. would be provided by the company. the company also proposed to develop specific housing products for nris in the gulf, canada, the usa and indian executives opting for voluntary retirement this year, aithal said. the lic hfl would sanction individual housing loans worth rs 2,205 crore and disburse rs 2,100 crore this financial year. the company had financed 4,91,236 dwelling units till september 30, 2001, the regional manager said. the company has recently launched the corporate employees housing loan scheme to cater to the specific needs of employees working in corporate bodies. under this scheme, no guarantor would be required to secure a loan, he said. companies like shanta biotech, dr reddy’s labs,visual-soft, baan and andhra university in the state have been identified for provision of loans under the scheme, said aithal. in vijayawada area, lic hfl would sanction housing loans worth rs 493 crore for 11,774 units this year.
SOURCE:timesofindia.indiatimes.com/
