New real estate opportunities include hospitals, logistics warehousing and airport

The traditional real estate areas are residential, commercial, retail and integrated townships. But the future trend will not be the same. Future real estate area will include medicities, hospitals, logistics and warehousing, airport or port based business districts, mass housing and slum rehabilitation, and education infrastructure.

The healthcare sector is growing at an yearly growth rate of 16% and is projected to touch a turnover of $50.2 billion by 2011. It is expected that an investment of $77.9 billion will have to be made in order to achieve the best possible target of 1.85 beds per thousand population. Out of this $77.9, $69.7 billion is expected to come from the private sector.

Medical tourism is projected 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

The concept of health cities has already started in the country. 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 corporate as Aditya Birla group and Reliance (ADAG) have shown interest in developing cities. Several foreign groups such as Harvard Medical International and Cleveland Clinic have also entered the country for the same.

One Comment

  1. Arjun
    Posted March 20, 2009 at 6:52 am | Permalink

    That’s going to happen within 3-4 years for sure.

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