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Guj businessmen plan 5-star, old-age home.....Ila Parikh / New Delhi April 22, 2008

REAL ESTATE: Zydus, Adani and Torrent donate for the project coming up on the outskirts of Ahmedabad.


Leading industrialists of Gujarat have joined hands to construct a state-of-the-art old-age home near Ahmedabad. Pankaj Patel, chairman, Zydus Healthcare, Sudhir Mehta of the Torrent group and Gautam Adani, chairman, Adani group, among others, have got together for the project, which will come up on the outskirts of the city.

Patel has already donated 38,000 square yards of land near Sanskardham in Ghuma, about two kilometers from Ahmedabad. “It will be a world-class project,” said Girish Dani, a Ficci member, who is closely involved with the venture.

“The 200-room old-age home will have four-bed as well as two-bed rooms. It will have all the facilities including a medical centre, a multi-functional hall, activity room and a temple,” said Apurva Amin, the architect designing the project.

According to Dani, there’s an urgent requirement for such a project in Gujarat since more and more people are emigrating leaving the older members of the family back home. “Often, the older generation finds it difficult to adjust to the lifestyle in a foreign country,” he said, adding that at other times, visas and relevant permissions are hard to come by.

The affluent NRIs who have left their parents back home will be the target customers for the old-age home. The rich NRIs can afford the five-star luxuries for their parents who are happy to live in India but could do with better infrastructure, said Dani.

The old-age home venture is yet to be named though spiritual leader Moraribapu, who’s discourses attract no less than 500,000-700,000 people at a time, will lay the foundation stone of the project within a fortnight. While Dani did not divulge the exact project cost, he said a large number of donors have approached them for donations.

URL: http://www.business-standard.com/search/storypage_new.php?leftnm=5&leftindx=5&subLeft=2&autono=320803