Navy Foundation Kerala Charter

1
Navy Foundation Kerala Charter

• Veteran Officers Home project

2
Need

1. Old Age and absence/ inability of near and dear
   ones to take care or do not wish to burden them.
2. Privacy/ independence.
3. Single living- Widowers/ widows.
4. Security, support and social interaction at
   appropriate levels.
5. 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
  16x12192
• 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 _at_ 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 sqft x 2000/- 1.2 Crore
• Cost per individual 3.0
  lakh
• Total Cost Approx
  6.1 Crore
• Cost per Individual (3.259.03.0) 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 _at_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 [phone]
• E-mail mailrg2006_at_yahoo.co.in