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Bharat Vilas A Retirement Community For Seniors Of Indian Origin

Bharat Vilas Retirement community
Aerial view of Bharat Vilas community

Bharat Vilas, a not-profit retirement community in Atlantic City, NJ, for seniors of Indian origin, is slated to open its doors in 2008.

The community is organized into eight different segments. Each segment caters to a particular language and food preference. For example, one segment will cater to the Gujarati language and food preferences, while another segment may cater to the Tamilian population etc.

Each segment consists of one Main House and 10 individual houses. The main house (4000 sqft) will have three double bedrooms and four single bedrooms, for accommodating a total of 10 occupants who will live there on a monthly rental basis. In addition to common living, dining and kitchen, there will also be a room for the maid/manager and a recreation room. Each bedroom will have an attached toilet.

The individual houses (1500-3000 sqft) will be sold to individuals on an outright basis either for their own living or as investment properties that can be rented out to other people who cannot get accommodation in the Main House.

A full time residential maid will be hired (from India or USA) who speaks the language of the segment residents and be able to cook the segment food and who will also maintain the house. The independent houses will also be serviced from this main house for food and cleaning services.

This is run on a non-profit basis and the charges are on a cost basis. The projected cost for an individual to live in the Main House, with food, laundry and maintenance services is expected to be between $750 to $1,000 per month.

The project is started by Iggy & Shanti Ignatius, with experience in real estate in the New Jersey area, building and managing rental properties in The Atlantic City area.

Ignatius has plans to expand the project to California, Illinois, and other places where there is a demand for such housing. Each segment is estimated to cost $3 million, with the total project cost with eight segments to be around $25 million, which will include a common Club House. The capital needed is being funded by a Limited partnership specifically formed for this project.

For further information visit http://www.BharatVilas.com or email to info@BharatVilas.com. The website provides details of the entire project along with downloadable sections of the live presentation made at the National Indo-American Association of Senior Citizens (NIAASC) in New York in April 2007.

 

  

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