The Modi Group, earlier referred to as the BK Modi Group, has announced a monumental investment plan in the Indian real estate sector. The group is set to infuse Rs 6,000 crore over the span of the next five years into two pivotal projects that are expected to significantly transform urban landscapes and healthcare facilities.
Revolutionizing Healthcare in Saket, Delhi
Approximately two-thirds of this investment, amounting to Rs 4,000 crore, will be allocated for the construction of a health city in Saket, Delhi. This ambitious project is set to redefine healthcare in the region, with plans for a comprehensive healthcare hub. The hub will comprise medical office buildings, a large hospital equipped with state-of-the-art quaternary care facilities, residences dedicated to wellness, and an exclusive area for geriatric care services. The founder, Bhupendra Modi, stated that this investment would be entirely cash-based since the group already owns the necessary land for the project.
Smart City Development in Modipur, Uttar Pradesh
In addition to the healthcare-centric project in Delhi, Modi Group has pledged a sum of Rs 2,000 crore towards city development projects in Modipur, situated in the Rampur District of Uttar Pradesh. This proposed smart city is expected to have an advanced infrastructure, featuring multiplexes, malls, luxury hotels, and urban residences. A key aspect of this urban development project is the emphasis on futuristic manufacturing industries that leverage AI technology.
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Mon 18 Nov. 2024
Initial Developments and Global Expansion
Bhupendra Modi disclosed that the group is initiating developments with projects already worth Rs 1,000 crore, which include two projects where construction has commenced and two more where the foundation has been laid. Furthermore, the group is widening its international footprint with an additional investment of Rs 2,000 crore outside India. This includes a partnership with The Lynd Company, based in Miami, for the development of residential sectors. The financing for these ventures will be managed by the group and will be a blend of debt and equity.
With these strategic investments, Modi Group is set to make significant strides in healthcare and urban development in India and beyond, reinforcing its commitment to shaping a sustainable and prosperous future.
