Gated community for the elderly

CHENNAI: Serene retirement communities, developed by Coimbatore-based relators COVAI Property Centre, has launched a gated community called Serene Adhinath in Vandalur on the southern outskirts of the city. The company is partnering with Adhinath Foundation to provide an alternative to old age homes.Col A Sridharan, Managing Director, Covai Property Centre, said life rejuvanates after retirement and elderly people must come out of the age-old belief of following certain traditions. "As a part of our assisted living project, we offer villas and apartments for people above the age of 50 with a starting price of 20 lakhs for a single BHK flat of 600 sqft."Also in the offering are two and three BHK flats with 24x7 security and assistance for elderly people willing to lead their lives with a little assistance, he added.The company has developed retirement gated communities in Coimbatore and Puducherry. With plans to expand beyond Tamil Nadu, the company proposes to set up communities in Sri City near Tada, Hyderabad, Mysore, Pune, Vadodra and Goa by the last fiscal quarter of 2012.