NRI Real Estate and Property Investment in India
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Healthcare Sector: Emerging Real Estate Opportunity
Friday, February 22, 2008

Residential, commercial, retail, and integrated townships have for long been the hot favourites of the Real Estate Sector. Real Estate developers have been minting millions by investing in these sectors but things can be a bit different in future. Several new opportunity areas are set to open up and one of the most emerging Real Estate Opportunity for the future can be the Healthcare Sector.

The healthcare sector is growing at an annual growth rate of 16 per cent and is expected to touch a turnover of $ the 50.2 billion by 2011. It is estimated that an investment of $77.9 billion will have to be made in order to reach the optimal target of 1.85 beds per thousand population. Of this investment, $69.7 billion is expected to come from the private sector.

Medical tourism is expected to grow into a $1.5 billion industry by 2010. Over the last five years, the number of patients visiting India for treatment has risen from 10,000 to about 1,50,000. India is now set to come at par with established destinations as Singapore and Thailand.

The concept of 'health cities' has caught on in the country. Already, the Apollo group has developed the Apollo Held City in Hyderabad, which has a 300 bed much the specialty hospital and the total built-up area of 2 lakh sq ft. Other corporates like Aditya Birla group, and Reliance (ADAG) have shown interest in developing his cities. Several foreign groups such as Harvard Medical International and Cleveland Clinic have entered the country to joint ventures.

The model that has so far been open the in India is "own and operate". To provide for larger integrated facilities, new models are now emerging, which require cooperation between developers and healthcare providers.



 

 

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