The Hindu Business Line : LIC Housing's retirement village

LIC Housing Finance Ltd (LICHFL) plans to set up a retirement village for senior citizens in Kochi. Speaking at a press conference in the city today, Mr S.K. Mitter, Chief Executive, LIC Housing Finance Ltd, said that the `assisted living community centre' is intended for people over the age of 50. Land for the project in Kochi has already been identified. Once the land has been bought, the company will complete construction work on the project in about two years. Residential units will be offered to applicants for a down payment. - Our Bureau

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