GT Bharathi Pvt Ltd To Invest INR 350 Crores in Senior Housing and Assisted Living Sector through its Brand ELEMENTS
Chennai, 21st March 2024: GT Bharathi Urban Developers Pvt. Ltd. (GTB), a collaborative venture between the esteemed GT Group and Bharathi Homes , is proud to announce a significant investment of approximately Rs. 350 Crores into the senior housing and assisted living sector under their brand ELEMENTS Senior Living. (L to R) Bharat Kanti Doshi, Managing Director, GT Group of Companies; Arun Bharathi, Managing Director, Bhrathi Homes; Ashwin Kumar Iyer, Director, ELEMENTS; Sakshi Parthasarathy This investment will be made over the next 2 years in an agreed utility and schedule. The investment will primarily focus on developing senior housing and assisted living facilities in Chennai currently, and other major retirement destinations across India in the near future. Over the next three years, GTB aims to establish at least 20 retirement communities and assisted living facilities, catering to the diverse needs and preferences of seniors nationwide. -------------...