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Realty cos now eye Gurgaon as medical hub

Move over retail and hospitality, real estate developers and construction companies now see a big boom in medical infrastructure.

In the corporate hub of Gurgaon itself, work is on for over half a dozen large-scale private hospital projects, with involvement of big ticket real estate developers such as DLF and Ansal Properties and Infrastructure (APIL) and construction majors such as Punj Lloyd among others.

Well-placed industry sources estimate that with the speed at which all these projects are on, Gurgaon may have more than 3,000 beds in the premium organised private medical sector.

At present, this number is negligibly small, at just about 150 beds, and only two private hospitals, Umkal and Privat.

Of the upcoming projects, Umkal Hospital has already acquired land from APIL in Palam Vihar and entered into a lease agreement with DLF.

The group plans to invest more than Rs 225 crore for the two hospitals. Umesh Gupta, MD, Umkal Hospital, told ET, “This area has witnessed severe crisis of medical infrastructure. Our projects will not just be about hospitals.

We are also trying to have colleges for post-graduate medical teaching, nursing college and a college for paramedical staff.” The integrated hospital chain is also likely to get into tie-ups with medical universities in the US and Germany.

The other significant project that is in an advanced stage of development is Medicity, promoted by Naresh Trehan with a few other equity partners.

Pegged to be an over Rs 1,000-crore venture, the project will be an integrated medical township and will have apart from core hospital units, a market complex and service apartments.

“Apart from hosting the best and state of art medical facilities, Medicity will be positioned as a one-stop destination for medical tourism in the country,” said Dr Trehan.

Medicity will have separate units for Ayurvedic and Unani medicine as well. Many projects by high profile real estate developers and medical professionals are in the concept stage too.

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