Sameera Group to Invest INR 500 Crore for Senior Living Projects Across Chennai, Bengaluru, Vellore, and Kancheepuram

Sameera Group, a leading real estate developer, has announced a significant investment of INR 500 crore over the next five years. The company plans to build 1,000 senior living homes across key cities in South India, including Chennai, Bengaluru, Vellore, and Kancheepuram. This ambitious move is part of Sameera Group's effort to tap into the growing demand for senior living solutions in the region.

Strategic Partnership with Vedaanta Senior Living

To execute these projects, Sameera Group has signed a memorandum of understanding (MoU) with Vedaanta Senior Living, a company specializing in senior care services. This partnership aims to combine Sameera Group’s expertise in land development with Vedaanta’s deep knowledge of senior care. The collaboration will focus on creating high-quality, affordable senior living communities tailored to the needs of senior citizens.

First Project to be Developed in Kancheepuram

The first of these senior living projects will be developed on a 100-acre plot in Kancheepuram, a city located near Chennai. The project is expected to set the standard for future developments under this joint venture, with a focus on providing comfortable and secure living spaces for the elderly. Following the Kancheepuram project, developments are planned in Chennai, Bengaluru, and Vellore, further expanding Sameera Group’s reach in the senior living sector.

Rising Demand for Senior Living Solutions

The demand for senior living communities in India is expected to grow rapidly, driven by an aging population and an increasing need for specialized care. Sameera Group, through its joint venture with Vedaanta, is well-positioned to meet this demand by offering affordable yet high-quality housing solutions for the senior community in South India. With over 45 real estate projects completed in Tamil Nadu and 1,00,000 customers served, Sameera Group is well-established in the real estate sector.

A Promising Future for Senior Living Communities

The collaboration between Sameera Group and Vedaanta Senior Living marks a significant step towards addressing the evolving needs of senior citizens in India. With an eye on expansion across South India, the joint venture aims to build a network of communities that provide not only housing but also a supportive environment for seniors to live independently and with dignity.

Highlights:

• Sameera Group plans an investment of INR 500 crore over five years for senior living projects.
• 1,000 senior living homes will be built across Chennai, Bengaluru, Vellore, and Kancheepuram.
• Sameera Group has partnered with Vedaanta Senior Living to create high-quality, affordable living spaces.
• The first project will be located in Kancheepuram, covering 100 acres.
• The demand for senior living solutions is expected to rise significantly in South India.
• Sameera Group has completed 45 real estate projects in Tamil Nadu, serving over 1,00,000 customers.

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