At VirukshA, we follow a customer-perspective approach which focuses on the customer, that is you! We offer living options like freehold, lease and rented. You can pick the options of your choice depending upon your needs, your likes, the flexibility you prefer, your budget and your long-term goals. The choice is always yours and we make the path easier for you by always being on your side as a helping hand you can always trust.
The property that you are buying is free from any entity, besides the owner.
The owner decides whether the ownership goes to their legal heir or gets disposed upon his/her demise.
The property owner enjoys complete ownership and can sell, renovate or transfer keeping the local regulations in mind.
Any legal or government consent is not required when the owner chooses to sell and the documentation is simple.
Understandably, freehold assets are more expensive when compared to leasehold assets.
You get the rightful ownership thereby securing the fact that this property is forever yours.
The value of the property appreciates over a period of time. This brings in benefits for the owner/legal heirs.
Banks finance the freehold properties easily.
This option is not recommended for super seniors who are above 70 yrs as the capital investment is more.
Senior Living Focussed on You and Your Benefits
At VirukshA, we always consider your comfort and your benefits first. We offer exclusive customer-perspective and developer-perspective Senior living services that maintains the perfect balance between quality, perfection, budget and time schedule.
The property is owned by the developer/operator of the senior living community and given on lease to the seniors for a specific time period. Once the tenure is over, the property is either returned back to the Service Provider or else, you can get the lease renewed at the end of the lease period.
The lease cost depends on the dwelling’s size and the general market price in that locality.
The lessee can always be assured of ideal services and care.
It offers flexibility as the lessee gets to choose the lease term in accordance with their age. Hence, this is an ideal option for super seniors as they need not worry about property management or any other related tasks.
Most of the banks will not finance a property if the lease period is less than 30 years.
Pre-closing of the contract of lease can be done at mutually agreed terms.
Now that you are ready to move to a senior living community, countless decisions await. One of the first and foremost decision to make is whether to go in for rented model based on your age and financial capability or secure a freehold dwelling unit with an upfront fee.
Senior living rentals include traditional villas, apartments or row houses giving the seniors plenty of choices to choose the right residential unit.
Points to ponder
Rental property doesn’t require large upfront capital funds. The rentals are paid on a monthly basis.
Renting relieves you the biggest burden of homeownership. However, on-site routine maintenance will be charged as a part of the monthly fees
Renting offers flexibility: Should you ever choose to move, it can be done relatively faster and easier.
VirukshA will help in carrying out any documentation/agreements works for needy seniors.
VirukshA offers you the best be it in the construction arena or in the development of senior living communities which offer quality services that surpass excellence. Headed by Lt Col (Dr) M Baskaran, VirukshA redefines senior living standards with the immense expertise and experience inculcated by the head himself.