Sameera Group and Vedaanta Senior Living have partnered to develop senior living projects in Chennai, Bengaluru, and Vellore, with an investment of INR 500 crore to create 1,000 senior homes over five years. This collaboration combines Sameera's expertise in real estate development with Vedaanta's senior care knowledge to address the rising demand for high-quality, affordable senior living solutions in South India. The first project in Kancheepuram will set the standard for future developments, aiming to provide superior living environments for seniors.
Sameera Group and Vedaanta Senior Living have entered into an agreement to develop real estate projects aimed at the senior living market in Chennai, Bengaluru, and Vellore. This strategic partnership is designed to meet the increasing demand for senior living solutions by providing high-quality, affordable options throughout southern India.
Sameera Group, a prominent real estate developer based in Chennai, has announced an investment of INR 500 crore over the next five years to develop 1,000 senior living homes across South India. This substantial investment is part of a memorandum of understanding signed with Vedaanta Senior Living, which aims to establish high-quality senior living communities.
The collaboration brings together the extensive experience of Sameera Group in land development with Vedaanta's expertise in the senior care industry. Sameera Group has a robust portfolio, having completed more than 45 real estate projects in Tamil Nadu and serving over 100,000 customers. This proven track record underscores their capability to deliver large-scale, high-quality projects.
The agreement outlines detailed plans for real estate projects in key southern cities, including Chennai, Bengaluru, and Vellore. The first project under this partnership will be developed in Kancheepuram on a sprawling 100-acre plot. This project is expected to set a precedent for future developments, reflecting the strategic intent of both partners to address the growing demand for senior living solutions by offering high-quality, affordable options.
Through this initiative, the partnership aims to establish itself as a leader in the senior living market in South India. By leveraging their combined strengths, Sameera Group and Vedaanta Senior Living are committed to ensuring that seniors have access to the best living conditions and care. This collaboration marks a significant step forward in the senior living sector, reflecting a shared vision to deliver high-quality, affordable living solutions that meet the growing needs of the senior population in southern India.
Advertisement
Facebook
Whatsapp
