Supertech to enter healthcare sector, invest Rs 300 cr

Realty firm Supertech Ltd today said it will enter into the healthcare sector and invest Rs 300 crore to open four hospitals in the next 3-4 years.
The Noida-based developer will open hospitals in its integrated township projects.
"In the initial phase, the company will invest Rs 100 crore to open its first 100-bed super speciality hospital in their residential complex 'Cape Town' in sector 74, Noida," the company said in a statement.
"This will be followed by the launch of 3 more hospitals in the next 3-4 years with an investment of Rs 200 crore," it added.
The construction for the first hospital in Noida has already commenced and is expected to be completed by May 2017, the statement said.

The hospital will be well-equipped with latest technology, best infrastructure and a team of specialists to address the needs of patients.

"Top quality medical facilities at affordable cost still remain a challenge and we intend to fill this gap by launching our range of hospitals along with qualified and experienced doctors," Supertech Chairman R K Arora said.
Supertech is developing about 40 realty projects in Noida, Greater Noida, Gurgaon, Ghaziabad, Meerut, Moradabad, Dehradun, Haridwar, Rudrapur and Bengaluru.
Meanwhile, the company is fighting a legal battle in the Supreme Court.
In April 2014, the Allahabad High Court had ordered to demolish the company's two 40-storey towers in a Noida housing project.

Supertech challenged the high court order in the Supreme Court. The two towers -- Apex and Ceyane -- having a combined 857 apartments, of which about 600 flats are sold.