A report indicates India needs 2 billion sq ft of healthcare space due to a bed shortage relative to its population. Medical tourism and demographic shifts drive demand.
HDFC Chairman Deepak Parekh on India's Real Estate: Long-term prospects look brighter driven by foreign investments, especially in commercial segments like healthcare, hospitality, and logistics.
Healthcare real estate is booming in India, with projections of $50.2 billion turnover by 2011 and $1.5 billion medical tourism industry by 2010. Major players are investing in developing health cities.