"As India continues to advance and raise its benchmark of development, the need for a modern, proactive and sensitive healthcare ecosystem is most immediate. Smart Living will offer the best expertise and the highest quality of services. By 2016, we aim to invest about $250 million in the healthcare initiatives and make Saket City Hospital a 1,000-bed unit," said Dr BK Modi, chairman, Smart Global. "Smart Health City is a $3-billion project and we are confident that we will contribute significantly to the growth and development in this segment," he added.
"Our main vertical for growth in India will be healthcare segment. We have already invested $100 million in developing the healthcare facilities in India, which includes refurbishing of the Saket City Hospital in Delhi as well as the Smart Living initiative", he further added.
Smart Health City will be located at Saket in South Delhi, spread over an area of 15 acres and is expected to be completed in a phased manner by 2016-2017. Jones Lang La Salle has been appointed as the infrastructure partner for Smart Health City.
According to industry estimates, Indian Wellness Industry is worth Rs 490 billion and shall grow at a CAGR of 20% of reach Rs 875 billion in the next three years. In addition, it has a potential to create nearly 3 million jobs including a demand for over 600,000 skilled wellness personnel.

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