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Mumbai, March 9

LIC Housing Finance Ltd Care Homes Ltd, a wholly owned subsidiary of LIC Housing Finance, on Thursday launched its first senior citizens retirement village in Bangalore.

Mr A.K. Shukla, Chairman, LIC, inaugurated the pilot project, a press release issued by the company said.

In the first phase, the project will house 98 independent cottages spread across 10 acres of garden and open spaces. The campus will consist of a meditation centre, a library and a home theatre. It also has a department store, doctors in daily attendance, alternative treatments like Ayurveda, stand-by ambulance service and a pharmacy on campus.

Housekeeping, security and domestic help are some other services that would be provided.According to the release, Mr Shukla said this project is part of initiatives by LICHFL to diversify.

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