We are planning to come up with an assisted living project (Hospice care , geriatric care, palliative care along with other amenities such as physiotherapy , club room, mental conditioning, memory clinic, etc)
We plan to do it in a phased manner where we are looking at setting up a 50 unit project first and then use it as a proof of concept to scale it further
There are different models that we are considering such as the residents buying out the units and using it services similar to a basic buffet with A la carte options. It can also be in the form of a monthly rental which would very depending on what kind of care package that a patient chooses.
The primary costs while setting up the project would be refurbishing an existing unit (building) rather than building the project from scratch. Other capital requirements will include buying equipments suited for different rooms and hiring requisite manpower
In the location decided we have already a supply chain line up for supply of manpower.
The initial project is envisioned to be kicked off in the eastern part of India
As this would not qualify as a medical establishment completely the compliance would primarily be as per the urban dwelling regulations.
We can either lease the unit from the builder or pay a monthly rental to the owner in case we are not owners of the building
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