Senior Living Solutions in South India Get a Boost as Sameera Group Invests in Chennai
Sameera Group and Vedaanta Senior Living partner to develop 1
Senior LivingReal EstateChennaiBengaluruVelloreSameera GroupVedaanta Senior LivingReal Estate NewsMay 28, 2024
The joint venture combines Sameera Group's extensive experience in land development with Vedaanta's deep understanding of the senior care industry. Sameera Group has a strong track record, having completed over 45 real estate projects in Tamil Nadu and serving more than 100,000 customers.
The first project is set to be developed in Kancheepuram on a 100-acre plot, showcasing the combined expertise of Sameera Group and Vedaanta Senior Living in creating senior communities. This strategic partnership aims to leverage both companies' strengths to deliver superior living environments for seniors, catering to their specific needs and enhancing their quality of life.
Sameera Group is a Chennai-based real estate developer with a strong presence in Tamil Nadu. The company has completed over 45 real estate projects, serving more than 100,000 customers. Vedaanta Senior Living is a senior care industry expert, providing high-quality senior living solutions.
Sameera Group is a leading real estate developer in Tamil Nadu, known for its commitment to quality and customer satisfaction. Vedaanta Senior Living is a pioneer in the senior care industry, dedicated to providing comfortable and affordable living spaces for senior citizens.
Frequently Asked Questions
What is the investment planned by Sameera Group for senior living homes?
Rs 500 crore over the next five years
How many senior living homes will be developed across South India?
1 000
Where will the first project be developed?
Kancheepuram on a 100-acre plot
What is the aim of this strategic partnership?
To address the growing demand for senior living solutions providing high-quality affordable options across southern India
What is the expected outcome of this partnership?
To become a leader in the senior living market in South India ensuring that seniors have access to the best living conditions and care
Related News Articles
Controversy Surrounds Change in Land Use Law in Goa, Benefiting Politicians and Real Estate Companies
An investigation by The Indian Express reveals that at least two state ministers, politicians, and several real-estate companies in Goa have benefited from a controversial change in land use law, records show.
NBCC (India) Wins Rs 1600 Crore Project, Multibagger Stock in Focus
NBCC (India) Limited has won a project worth Rs 1,600 crore, boosting its multibagger stock. The company will develop a prominent land parcel of MTNL in New Delhi.
Emaar India Enters Mumbai Real Estate Market with Luxurious Villa Project in Alibag
Emaar India, a prominent real estate developer, has expanded its footprint into the Mumbai market with a significant investment of ₹2,000 crore. The company recently launched an exclusive villa project in Alibag, priced starting at ₹9 crore.
RBI Takes Over Aviom India Housing Finance Amid Governance Issues and Payment Defaults
The Reserve Bank of India (RBI) has taken over the board of Aviom India Housing Finance Pvt Ltd due to governance issues and multiple payment defaults. The central bank has appointed Ram Kumar, a former Chief General Manager (CGM) of Punjab National Bank,
Maharashtra Announces Additional Rs 50,000 Subsidy for PMAY-Rural Homes
Maharashtra has announced a significant boost for rural home construction under the Pradhan Mantri Awas Yojana (PMAY) with an additional Rs 50,000 subsidy. This move is expected to accelerate the construction of affordable homes in rural areas, enhancing
Ansal Properties Struggles Amidst Real Estate Sector Downturn
Ansal Properties & Infrastructure, a key player in the construction and real estate industry, is facing significant challenges as the sector continues to experience a downturn. The company, known for its ambitious projects and strong market presence, is n