HYDERABAD:
A healthcare city with world class facilities will come up near Hi-Tec City.
US-based
Alexandria Inc, will develop the healthcare city on five acres land with
multispeciality hospitals, clinics and other allied medical facilities at
Khanamet village in Serilingampally
mandal in the city.

Officials said Alexandria Inc has
recently entered into an agreement with the Hyderabad
Metropolitan Development Authority for the five acre land, which was given
at the rate of Rs 10 crore per acre.
HMDA has already
earmarked about 200 acres MedTech Valley at Jawaharnagar area. Two companies
have shown interest to establish their units. But Alaxandria
Inc wanted land near Hi-Tec City where it purchased land from the urban
development authority.
"The civil works will begin
within three months and will be completed in two years. The promoter has
already begun the process to award construction works to developers," a
representative of the group told TOI.
A draft plan for the
healthcare city has been prepared by Alexandria Equities Management (India) Pvt
Ltd. According to the report, Indian healthcare market was about $38 billion
and is expected to increase 15 per cent every year.
The
healthcare city is being developed by Alexandria Inc on the lines of Dubai healthcare
city, which is spread over 23.1 million square feet.
Source:
TOI 13/8/10