DLF, Fortis JV to set up 31 hospitals in India
Introduction
India-based real estate developer DLF has entered into a Joint Venture (JV) agreement with Fortis Healthcare, the Ranbaxy group company to set up hospitals across India with an investment of US$ 1.5 Billion (Rs 6,200 crore). The JV plans to set up a chain of 200-450 bed hospitals in 31 cities in India within three to five years. The JV plans to build hospitals in cities where DLF has a presence.
Budget
The project investment would be around US$ 1.5 Billion (Rs 6,200 crore). The planned investment would go toward meeting cost of land, construction and medical equipment.
Location
The hospitals will be set up across India.
Specifications Table:
- Name
- 31 hospitals
- Location
- India
- Construction Type
- New Construction
- Commencment
- 2007
- Completion
- 2012
- Estimated Cost
- US$ 1.5 Billion
- Key players
- Fortis Healthcare and DLF
