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DLF plans JV for hospitals, townships

Saturday, 02 Jun 2007
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DLF is on the verge of inking a 26:74 joint venture with Fortis Healthcare for setting up hospitals in its 200-acre-plus integrated townships across the country, with an investment of around Rs.6,000 crore.

The proposed joint venture company, likely to be christened - Fortis Specialty Hospitals - is looking to set up 31 hospitals in cities such as Chennai, Bangalore, Jaipur and Kolkata. The 250-400 bed hospitals will have a minimum built-up area of 20,000 sq.mt (or 2.15 lakh sq.ft).

According to the proposed joint venture, DLF will provide the land and oversee the construction of the proposed hospitals. Fortis will operate and manage the hospitals under the Fortis banner.

Also See:

DLF to develop seven hotels in Gujarat (01-Jun-07)

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