Shenbhagam Estates is meant for middle and upper middle class citizens above 50 years of age. The property is free hold but subject to certain conditions as given below:

Dining in the "Second Innings" will be compulsory for all residents and their guests. Vegetarian meals will be served. Rates for diners will be laid down by the management. Special diets at additional cost, if necessary can be organized on the advice of the doctor(s)/Nutrition Consultant. Those who do not wish to dine in the “Second Innings" will have to pay minimum charges as spelt out by the management. The charges for maintenance and for dining are subject to change.

People below 50 years of age can stay with the investors of the property so long as the investor is 50 years of age and is living or owning the said property invested by him or her.

To maintain uniformity and the concept of the project, preferably persons above the age of 50 should only invest in Project Shenbhagam Estates or be co-owners if the person investing is below 50 years of age.

Guests are allowed to stay with the residents

Any person below the age of 50 years can also invest in a property in Shenbhagam Estates for his or her future use. If any person who invests in a property is below 50 years of age, he or she can stay in the said property after the investor reaches the age of 50 years. Until then they can give the property on rent/lease to people above the age of 50 years, for which the management of Shenbhagam Estates will provide necessary assistance.

Property is free hold. Excepting for the first two years from the date of handing over, there shall be no restriction on sale of the said property to anyone desiring to buy the property or to assign or nominate it to the successors of the purchaser of the said property subject to the conditions stated above and elaborated in the Agreement to be signed at the time of registration of the property. However, should compelling circumstances necessitate any sale of the said property before the stipulated period of two years, the sale will be done through Covai Property Management Services (P) Ltd only.

These conditions will be applicable to purchaser of a property in Shenbhagam Estates or their successors or assignees or nominees or purchasers of the said property.

The property can be given on lease or rent to anyone above the age of 50 years only. In case the purchaser is below the age of 50 years and has no one above 50 years to stay in the said property, the cottage shall be rented out to the persons above the age of 50 years for which the management of Shenbhagam Estates shall assist in getting suitable tenant.

Special Concessions:

• The 50 years age rule can be relaxed by the Management on case by case basis.
• These rules are NOT applicable to widows, serving and retired Armed Forces and Para-military forces personnel, decorated or wounded armed forces officers and soldiers as well as physically challenged persons (including civilians), on case to case basis.
• The decision of the management in all cases will be final.