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‘MedCity’ planned
A Rs. 1,500-crore ‘MedCity’, which envisages the setting up of a 500-bed anchor hospital and about 10 smaller hospitals, is being set up in Kochi. The project, the first of its kind in Kerala, is coming up on 1 million square feet with a built-up area of about 2.5 million square feet, Dr. Azad Moopen, Chairman, DM Healthcare Private Ltd, promoters of the project, said at a press meet.
The smaller hospitals were expected to have 100 to 200 beds for individual specialities, and all of them would be on the same campus, he said. The infrastructure of Phase I of the 2,500-bed MedCity would be ready by 2010. The project is expected to be completed in five to seven years. Major national and international healthcare operators were being brought on board to bring the best available technology and expertise to MedCity, he said. — PTI
AMB coming soon
The chief executive of AMB Property Corp, one of the world’s largest developers and owners of warehouse and distribution centres, said the company is likely to enter Brazil, Thailand, Vietnam and India faster than was initially planned. As of December 31, 2007, the company owned or had investments in 147.7 million square feet (13.7 million square meters) of property and those under development in 45 markets in 14 countries. Properties outside the United States comprised 23.8 percent of its portfolio.
AMB is looking for land to start projects. “. I think we’ll get a fair amount of traction in India in the remainder of this year,” a company official said. — Reuters
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