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Hiranandani hospitals to function soon

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India’s key realty player Hiranandani Constructions is on plans to set up hospital chains in major Indian cities with the total investment pour of Rs. 500 crore. Initially the 100 bed hospitals branded Hiranandani Hospitals are planned in Chennai, Goa, Pune, Nashik, Panvel and Kolkata.
When www.propertykhazana.com contacted Mr. Niranjan Hiranandani he said that the company is up till now not clear whether to team up with corporate groups or to mark them as Charitable hospitals, but the market sources says that Hiranandanis are in talks with global and corporate hospital chains namely Wockhardt, Apollo, Hosmat and Fortis for joint ventures. It is also reported by a source that Hiranandani has joined Fortis Group and Hiranandani will invests on the hospitals and Fortis will mange the hospital and recently, to carve a niche Fortis performed the same course of action and took over the Hiranandani hospital in Vashi.
It is also added by the source at the www.propertykhazana.com that Dr. L H Hiranandani hospital at Powai township which impelled the nation wide consideration for the group is undergoing expansion and renovation with about Rs. 100 crores investment.
Mr. Niranjan Hiranandani also said at the www.propertykhazana.com that the company is planning to set up Haiko supermarkets at upcoming townships and thereby mark its presence in retail sector. Apart from hospital and retail projects the group is also engaged in development of Township projects in thane and Powai and residential project in Panvel.
As per the information available with the www.propertykhazana.com many of the Indian hospital chains are planning for expansion and Asia’s largest health care providers Apollo at present manages over 45 hospitals across the country. Fortis is also planning for expansion and currently operates 15 hospitals in some of the North Indian areas and planning for 40 hospitals across the country by 2010.
Source: Real Estate

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