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Nilanjan Dey

Kolkata , Feb. 22

LIC Housing Finance plans to establish a chain of `assisted living community centres', also known as `care homes' for the aged. The company, which has flagged off its project in Bangalore, has approached a few other State Governments for setting up similar centres.

LICHFL Care Homes Ltd, the subsidiary formed to oversee the programme, has proposed to offer community living facilities in cities such as Mumbai, Hyderabad and Kochi. The idea is to provide a cluster of secure and environment-friendly dwelling units in each centre.

While the company is not taking up its second project in the immediate future, there are plans to work closely with State governments to procure land, said Mr A.K. Dasgupta, CEO of LIC HF.

"Procuring land at reasonable prices will be of critical importance for this venture," he told Business Line, adding that the company is aware of the social aspects of its programme.

The company is keen to pursue the programme on a larger scale. However, as Mr Dasgupta pointed out, setting up such community living centres is "not a core activity" for LIC HF.

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