May 23, 2024: Senior living brand Manasum Group announces ‘Banyan’, a sanctuary for senior citizens at Godrej Royale Woods in North Bengaluru. Located near the KIAL airport toll, Banyan features ready-to-move-in 1 & 2 BHK residences starting from Rs 60 lakh onwards.
Spanning 13 acre, the Banyan project comprises 191 residences while the project Godrej Royale woods has 1678 units in total. The facility at Banyan includes in-house nursing care, 24×7 ambulance services, wheelchair-friendly infrastructure, emergency alarm systems, housekeeping, and meal options.
“With Manasum Banyan, we aim to redefine the concept of retirement living by offering a holistic and enriching lifestyle that promotes wellness, community, and joy. Our vision is to create a vibrant and inclusive community where residents can thrive in every aspect of their lives, surrounded by nature’s bounty and unparalleled amenities,” said Anantharam Varayur, co-founder of Manasum Senior Living Homes.
Kushal Ramesh, co-founder of Manasum, highlighted the company’s existing Greenfield senior living apartment in southern Bengaluru, launched four years ago. “However, it becomes difficult for smaller developers to pour extensive capital into such projects. Additionally, today’s seniors prefer to stay within the city and close to bustling areas. Hence, we decided to extend the idea of intergenerational communities,” he explained.
Ramesh noted that partnerships are more practical than complete buyouts at an early stage due to the substantial capital involved. “We only pursue buyouts for projects that are nearing completion and have proper senior living designs in place,” he added.
Anantharam mentioned that Bengaluru has the potential to absorb 10,000 units of senior living apartments over the next couple of years. “By the next financial year, we will add 2,000 more units by 2025 totaling 2,500 units under Manasum. We are already in talks with developers to explore the integrated concept,” he said.
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With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
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