Navy Foundation Kerala
Charter
Veteran Officers Home project
Need
a)
b)
c)
d)
e)
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.
Services expected
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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.
Intention of the project
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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.
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
Location
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A) With in City Area-
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Nearness to all facilities.
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High cost- approx Rs 24 Lakh
Congested Area
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B) Out side city Area-
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Away from the madding crowd.
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Lower cost- approx Rs 16 Lakh
Open area and peaceful
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Majority choice - B
Proposed project
Out side city
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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:
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a) Part of developing peaceful living area.
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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.
Membership
Priority wise
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1. NFKC Members.
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2. N F Members.
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3. Serving Naval Officers.
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4. Veteran Army/ Air Force/ Coast Guard Officers
Management
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NFKC Management committee
 Residents elected office bearers
 Manager
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By Laws to be made on mutually agreeable
and legally acceptable terms.
Ownership
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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
Project Plan
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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.
Proposed Dwelling Unit
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Rooms
Drawing Room
Bed Room
Multi utility room/pantry
Toilet
Private open verandah
Approx Area sq ft
12x8 = 96
16x12=192
12x8 = 96
8x7 = 56
8x5 = 40
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Approx Area
470 sq ft
Cost Aspects
40 Unit Complex
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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.
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Cost 24000 x 1500/- = 3.6 Crore
C) Common Area 6000 sqft x 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
Minimum Requirement
For the Project
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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
Part Investors Benefit
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Assured Membership in the project having paid
the cost of land.
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Right to stay when required/ desired.
– Conditions-Become full investor by paying the cost at
that time, minus land cost .
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Withdrawal of part investment with interest after
minimum lock in period.
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Note: Part investors are only to help the project go through. Part investment
will no way help the project in real terms.
The End
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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