Modi Group to invest Rs 6k cr in India

08 Jan 2024 CW Team

Modi Group, which has real estate business in Singapore, New York and Dubai has planned to invest Rs 6,000 crore in India in the next five years to create wellness cities, said Rajarshi Bhupendra Modi, founder of the company. The company has already lined up Rs 1,000 crore for a 2 million sq ft healthcare project in Delhi?s Saket and an integrated township in Rampur in Uttar Pradesh.

?We have tied up with Miami-based real estate giant David Lynd for the development of residential buildings in Miami, FL, USA, and Saket, New Delhi, India, under a single global brand. For township in Rampur, we have started the work and will bring hotel, cinema and mall in the region for the first time,? said Modi.

Saket health city by the company will be a healthcare hub featuring medical office buildings, wellness residences, senior living residences.

These development plans are expected to create direct or indirect employment opportunities for thousands of people across cities in India. Company?s key focus will be on preventative healthcare, wellness and technology-based infrastructure.

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