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Indian Real Estate Finds Health a Viable OptionWednesday, June 13, 2007
The health sector is catching the interest of real estate developers as privately run specialty hospitals and medical tourism become popular. Close on the heels of DLF’s tie-up with Fortis Healthcare, Ansal API has expressed its desire to set up a Fortis Medicity in it’s Sushant Golf City in Lucknow. The Mediccity project would accommodate a multi-specialty hospital and medical colleges Fortis’ Competitors Apollo yesterday launched a Health City in Hyderabad on 33 acres with a capacity for catering to 300 in-house patients. 10 specialised fields of medicine will include heart diseases, cancer, orthopaedics, emergency, renal disease, neurosciences, eye, minimally invasive surgery, trauma and cosmetic surgery. The Rs.1000 crore project is the first of its kind in the world. Apollo is optimizing internet technology to extend healthcare services to overseas patients through telemedicine. NRIs would soon be able to access health services from Apollo and other reputed Indian hospitals from 52 African countries. Apollo is already operating in Bangladesh, Nigeria and the UAE, and Fiji, Mauritius and the UK would be covered soon. Meanwhile, Apollo is tying up with equity players to acquire Capio Healthcare of the UK . Related ReadingsReal Estate Giant DLF Forays Health, Expands in Retail
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