Akash Ohri, managing director of DLF Home Developers, told Hindustan Times Real Estate that while DLF is set to enter the senior living segment soon, the company aims to create a complete ecosystem supported by strong infrastructure to make the offering ‘meaningful for senior citizens’.
“What we want to do for senior living is to create good infrastructure around it to make it meaningful for senior citizens,” Akash Ohri, managing director of DLF Home Developers, told Hindustan Times Real Estate. On the sidelines of the recently concluded HT Real Estate Summit in Delhi.
Speaking about the company’s much-awaited entry into the lives of senior citizens in Gurugram, Ohri said the project is scheduled to be launched in the second quarter. “Senior Living, as you know, we have fully disclosed our guidance. Senior Living is scheduled for quarter two,” he said.
“We should be in the market soon. There is a lot of excitement about the product. What we want to do is to create good infrastructure around it to make it worthwhile for senior citizens,” he said on the sidelines of the recently concluded HT Real Estate Summit in Delhi.
While he did not disclose the price citing compliance norms, he said the development has generated a lot of excitement.
“This is a project in DLF too, it is the first time and we are all excited about it,” he said.
DLF Ltd had earlier this year said it was planning to launch a project worth an estimated ₹2,000 crore in Gurugram. ₹2,000 crores.
Hindustan Times Real Estate was first to report that DLF was planning to enter the senior living segment.
DLF has 280 million sq ft of development potential across residential and commercial sectors. It also has an annual portfolio of over 49 million square feet.
Senior Life Policy of Haryana Government
Haryana already has a dedicated retirement housing policy in place, designed in response to the twin challenges of aging population and the rise of small, nuclear families. Notified in 2021 under the Haryana Urban Area Development and Regulation Act, 1975, the policy seeks to address the housing, healthcare and lifestyle needs of senior citizens, especially those living alone or in single-family setups.
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The policy defines ‘eligible resident’ as a senior citizen aged 60 years or above who is an allottee or resident of a retirement housing project. It also allows temporary stay of family members, subject to conditions prescribed by the service provider. The apartments can be sold only after the project is registered with RERA, with all the provisions of the Real Estate (Regulation and Development) Act and related rules applicable to such developments.
It also sets detailed standards for design, infrastructure and care services. Each accommodation unit should have a minimum carpet area of 30 square meters and should be made wheelchair-friendly, with doors at least 900 mm wide, sliding windows, easy-grip handles, ergonomic, lightweight furniture and barrier-free accessibility throughout the premises. Lifts must be large enough to accommodate wheelchairs and stretchers and be equipped with audio-visual signage, while ramps are mandatory throughout the development.
Healthcare infrastructure is another major requirement. The projects should provide 24×7 on-site ambulance services with oxygen support, hospital tie-ups, first aid facilities and other essential medical services to ensure immediate access to care to the residents.
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