According to GlobalData, the value of India construction market is forecast to grow by 5.2% in real terms in 2023, having grown by 6.6% in 2022. A key growth market will be the infrastructure market, with output rising by 6.1% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five hospital construction projects that commenced in India in Q3 2023, according to GlobalData’s construction projects database.
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1. Rewari AIIMS Medical College and Hospital
The project involves the construction of a 750-bed hospital and medical college on 82.15ha of land in Rewari, Haryana.
Construction work started in Q3 2023 and is expected to be completed in Q4 2026.
The project aims to provide better healthcare facilities in the region.
2. LNJP Hospital Expansion
The project involves the expansion of the LNJP hospital with an increase in the bed capacity from 2,100 to 4,000 in Jawaharlal Nehru Marg, New Delhi.
Construction work commenced in Q3 2023 and is expected to finish in Q2 2027.
The aim of the project is to increase the doctor-patient ratio and to boost medical infrastructure in the hospital by providing better healthcare facilities for the citizens of Delhi.
3. Sanathnagar Super Specialty Hospital Development
The project involves the construction of a 14-story super-specialty hospital on 24.28ha of land with a capacity of 1000 beds at Sanathnagar in Hyderabad.
Construction work started in Q3 2023 and is forecast to complete in Q4 2026.
The project aims to meet the rising demand for better healthcare facilities in the region. Buy the profile here.
4. Alwal Telangana Institute of Medical Sciences
The project involves the construction of an eight-story, 1,200-bed super-specialty hospital and postgraduate medical college on 11.49ha of land in Alwal, Hyderabad, Telangana.
Construction work commenced in Q3 2023 and is expected to be completed in Q4 2025.
The project aims to provide accessible and affordable advanced healthcare services and facilities to the community with the best international medical practices. Buy the profile here.
5. Mumbai Cancer Hospital
The project involves the construction of a 9290.30m2 floor area cancer hospital comprising 550 Beds for the Tata Memorial Centre at Platinum Jubilee Block in Parel, Mumbai, Maharashtra.
Construction work started in Q3 2023 and is expected to be completed in Q3 2027.
The project aims to increase health awareness in the country and to meet the high expectations of oncology patients. It will also meet the increasing number of patients of the existing infrastructure at TMH to provide a patient-friendly ambiance. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
