Ritwik Mukherjee The word Viva means live long and the Sanskrit word Vara meaning a boon or fulfillment of a wish.

Vivara Residences of the Acron Group, a Goa-based chain of exclusive housing complex for the elderly population, promises to offer a perfect blend of the two live long with all wishes fulfilled.

John Britto, director Acron Group said, Vivara Residences will start its journey with its project for the senior citizens in north Goa and eventually spread its wings across all major cities in the country, mostly on the outskirts. Next in line will be Coorg, Kerala, Pondicherry, Shirdi, Rishikesh and Vrindavan.

The first set of Vivara homes will be launched in October. Unlike many retirement projects launched earlier, Vivara promises a world-class living experience, for which we have teamed up with international retirement associations. We will give the elderly people a house that offers top-notch facilities, an atmosphere of fun and revelry, Britto said.

He said that they had taken care to ensure people who come to live here can enjoy a carefree life. We ve gone a step further and incorporated this philosophy even into the buying process. Vivara operates on a leasehold model and not freehold, something that has always been a hurdle for senior citizens.

So you pay only a deposit and a lease you re comfortable with, we take care of the rest. It has therefore considerably reduced the stress of buying and selling property at this stage of one life, he said.

In most of the retirement home projects, houses are sold on an ownership basis and the developer is neither involved in day-to-day operations nor concerned with the future of the residents in the complex.

Another disadvantage in such freehold projects is that in subsequent, open market sales, the homes could be purchased by buyers who do not match the age and lifestyle profile of existing residents. Vivara tries to address these problem areas.

Amar, director of the Acron Group said, we are going to position them not as retirement homes but as unretirement homes. And unretirement is pure unadulterated pleasure that one can get in life, when you know that everything has been taken care of from security to maintenance to emergency healthcare. That the kind of life we re promising at Vivara Residences.

Besides, senior citizens will also be given the opportunity of choosing from a range of attractive pricing plans including some that allow one to earn profits on one lease deposit. The best part is that in all options, residents get their entire deposit back when they terminate their lease.

On offer at Vivara Residences will be fully furnished, ready to move in homes, in a lively resort setting and designed to high standards along with eco-friendly features, physical amenities and senior friendly services.

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