GT Bharathi Urban Developers Pvt. Ltd. (GTB), is coming together of esteemed GT Group and new age Bharathi Homes, and are thrilled to announce the launch of two groundbreaking projects under its ELEMENTS chain of active retirement communities: Elements Sattva and Elements Kamalam.
These projects represent significant milestones in the company’s vision to redefine senior living and are key components of GTB’s Rs. 350 crore investment announced in March 2024 to expand the ELEMENTS brand.
Building on the success of the Elements 2 project in Alapakkam, which was fully sold and completed on schedule, Elements Sattva aims to reiterate the viability and appeal of Urban Senior Living. Located in Porur, this project offers seniors the opportunity to enjoy a peaceful and fulfilling retirement within the city—eliminating the need to move far from their familiar surroundings. With its strategic location and thoughtfully designed amenities, Elements Sattva promises a seamless blend of comfort, convenience, and community.
In a pioneering move to address the unique needs of single elders, Elements Kamalam introduces the Independent Seniors' Leasing Scheme (ISL Scheme). This innovative scheme allows seniors to lease their homes at 50% of the purchase cost, offering a financially prudent alternative to traditional home ownership. Thus, this scheme provides opportunity for the retail investor to own fully managed asset class with good rental returns.
The ISL Scheme ensures that seniors do not have to tie up significant savings in fixed assets. There are no concerns about reselling the asset after their lifetime. Leasing costs are at least 25% lower than comparable rentals over a period of time. This initiative not only eases financial burdens but also provides a service-rich environment tailored to enhance the quality of life for single seniors.
The Elements Showcase is designed to immerse attendees in the lifestyle and services that make Elements communities a premier choice for senior living.
“With Elements Sattva and Elements Kamalam, we are not just building retirement homes; we are creating environments where seniors can lead fulfilling lives with dignity, independence, and joy,” said Ashwin Kumar Iyer, Director of Elements Active Senior Living. “These projects reflect our commitment to addressing the evolving needs of seniors and setting new benchmarks in services to our residents. “added Ashwin.
