(a) whether LIC Housing Finance Limited propose to finance a company to build community
apartments for senior citizens;
(b) if so, the details thereof;
(c) whether the terms and conditions for the lease of apartments to senior citizens have
since been finalized; and
(d) if so, the details thereof?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ANANDRAO VITHOBA ADSUL):
(a) Yes, Sir. LIC has informed that LIC Housing Finance Limited has started a wholly owned
subsidiary namely LICHFL Care Homes Ltd. for setting up Senior Citizens`Home across
the Country.
(b) The Company proposes to procure land at Bangalore, Hyderabad, Delhi & Mumbai for
setting up of Care Homes.
(c) No Sir. The terms and conditions can be finalized only after procuration of land
and construction of the units.
(d) Does not arise.