Kolkata: Debashis Sen, Additional Chief Secretary, IT&E, who is also the chairman of the West Bengal Housing Infrastructure Development Corporation (WBHIDCO) announced that the much-awaited project of Snehodiya, a proposed habitat for senior citizens in New Town would be inaugurated by Firhad Hakim, the Urban Development and Municipal Affairs Minister, on June 25. Chief Minister Mamata Banerjee had named the project ‘Snehodiya’. Sen was addressing a session at the 5th Real Estate Conclave on ‘Navigating the Undercurrents’ at a city hotel on Saturday. Also Read – City bids adieu to Goddess Durga’Snehodiya’ is a project of the WBHIDCO, which is a first-of-its-kind venture by any state government agency. There are around 100 rooms and a guest house comprising six rooms. The project has come up opposite Swapno Bhor on a 3.5 acre land and has a two-storeyed building housing a library, an auditorium and a coffee corner. It has been decided that 75 percent of the price paid at the time of purchase will be refunded to the occupants or their heirs in case the flat is vacated. There will be a senior citizens’ park. There will be doctors, nurses and attendants to look after the elderly. It will have all the modern facilities, Sen said. He also stressed on the necessity of introducing more paying guest facilities in and around New Town and Sector V to accommodate a large number of working professionals coming to the city. Nandu Belani, president of CREDAI, Bengal, said the real estate is a major contributor to the economy in Eastern India and it plays an important role in fulfilling the basic needs and aspirations of the common people.