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Navy Foundation Kerala Charter

Navy Foundation Kerala Charter. Veteran Officers Home project. Need. Old Age and absence/ inability of near and dear ones to take care or do not wish to burden them. Privacy/ independence. Single living- Widowers/ widows. Security, support and social interaction at appropriate levels.

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Navy Foundation Kerala Charter

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  1. Navy Foundation Kerala Charter Veteran Officers Home project

  2. Need Old Age and absence/ inability of near and dear ones to take care or do not wish to burden them. Privacy/ independence. Single living- Widowers/ widows. Security, support and social interaction at appropriate levels. Health and medical care.

  3. Services expected • Decent shelter with security, social company and mutual support. • Freedom from cooking, cleaning utensils,regular purchases etc. • Freedom from washing, ironing of clothes, cleaning of rooms/toilets. • Freedom from need to go around paying bills for services, undertake maintenance/repairs. • Medical attention and essential care. • Link with family/friends with out being a burden.

  4. Intention of the project • To provide suitable and safe accommodation. • To provide all facilities as common services/ amenities.( Messing,conservancy, common services, recreation, medical and health care) • To provide casual accommodation for visiting guests of inmates. • To facilitate social company and mutual support for a peaceful, healthy and happy living.

  5. Project options 1. Govt. Land & Funding by Govt./NPF. 2. NFKC initiative. Funding by members and NPF grant /loan. 3. NFKC initiative. Independent project with members investing. Present Choice – Option No 3

  6. Location • A) With in City Area- • Nearness to all facilities. • High cost- approx Rs 24 Lakh • Congested Area • B) Out side city Area- • Away from the madding crowd. • Lower cost- approx Rs 16 Lakh • Open area and peaceful • Majority choice - B

  7. Proposed project Out side city • Land identified near Kalady as part of Art of Living Village under development on the banks of Periyar river. • Dist approx 40 Kms from Kochi. • Advantages: • a) Part of developing peaceful living area. • b) Common Ashram facilities would be available to us. c) Able to chose amount of land reqd by us. Single storey complex with scope for expansion.

  8. MembershipPriority wise • 1. NFKC Members. • 2. N F Members. • 3. Serving Naval Officers. • 4. Veteran Army/ Air Force/ Coast Guard Officers

  9. Management • NFKC Management committee • Residents elected office bearers • Manager • By Laws to be made on mutually agreeable and legally acceptable terms.

  10. Ownership • NFKC/Reg. Society will own the land and all constructed/ purchased common property. Investors • Will have legal right for use of all facilities. • After their life time, full investment with appreciation* will be handed over to the nominated NOK on sale to a new investor. • Withdrawal* from scheme may be permitted if new investor is awaiting entry. • If dwelling unit is not used by the investor then the unit may be rented to a needy member and earned rent paid to the investor.* *conditions apply

  11. Project Plan • To purchase approx 100 cents of land. • Construct 40 dwelling units and common facility area as a composite group. Single storey construction with easy access to common facility area. • Develop garden/ walkway etc. • Common facility to cater for:- a) Reception, lounge, Library/reading room. b) Dinning Hall, Kitchen, Pantry, Store, Wash. c) Recreation room, Heath club, Sick Bay,Laundry. d) Staff quarters, Parking, Canteen store.

  12. Proposed Dwelling Unit • Rooms Approx Area sq ft • Drawing Room 12x8 = 96 • Bed Room 16x12=192 • Multi utility room/pantry 12x8 = 96 • Toilet 8x7 = 56 • Private open verandah 8x5 = 40 • Approx Area 470 sq ft

  13. Cost Aspects40 Unit Complex • A) Land: 100 cents @ 1.3 lakh per cent - = 1.3 Crore • Cost per Individual = 3.25 Lakh • B) Dwelling units: 40 (Approx 600 sq ft incl. of common space) • Cost per dwelling unit 600 x 1500/- = 9 lakh • Total Area 600x40= 24000 sq ft. • Cost 24000 x 1500/- = 3.6 Crore • C) Common Area 6000 sqftx 2000/- = 1.2 Crore • Cost per individual = 3.0 lakh • Total Cost Approx = 6.1 Crore • Cost per Individual (3.25+9.0+3.0) = 15.25 Lakh Approx

  14. Minimum RequirementFor the Project • Land 100 cents at 1.3 Lakh per cent = 1.30 Crore • Common Area 3000 Sq ft @2000/- = 0.60 Crore • Dwelling Units 15 x 9.0 lakh = 1.35 Crore • Total Funds reqd. = 3.25 Crore • Possible source • Full Investors –15 x 15.25 lakh= 2.28 Crore • Part Investors –25 x 4.0 lakh = 1.00 Crore • Total Funds expected to be raised = 3.28 Crore

  15. Part Investors Benefit • Assured Membership in the project having paid the cost of land. • Right to stay when required/ desired. • Conditions-Become full investor by paying the cost at that time, minus land cost . • Withdrawal of part investment with interest after minimum lock in period. • Note: Part investors are only to help the project go through. Part investment will no way help the project in real terms.

  16. The End • For queries/clarification/ expression of interest kindly contact Hon. Secretary, NFKC- Capt Rajan George (Retd) • Mob 9495736656 Tel 0484-2305774 • E-mail: mailrg2006@yahoo.co.in

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