India Faces Healthcare Real Estate Deficit

India is grappling with a substantial shortfall of healthcare real estate, requiring an additional two billion square feet to meet the needs of its existing population, according to a report by Knight Frank, a global real estate consultancy. The country’s current bed-to-population ratio stands at 1.3 beds per 1,000 people, revealing a significant deficit in healthcare infrastructure.

Global Investments and India’s Healthcare Growth

The global scenario depicts substantial investments in healthcare real estate, reaching $38 billion and constituting approximately 4.3% of total global real estate financing. India’s healthcare industry has experienced rapid growth, with an annual average rate of 18%. The pandemic further accelerated this growth, highlighting the urgent need for enhanced infrastructure and service delivery in the healthcare sector.

Addressing the Deficit: A Crucial Opportunity

The report emphasizes that India faces a deficit of 1.7 beds per 1,000 people, translating to a requirement of an additional 2.4 million beds to cater to the existing population of 1.42 billion. This deficit offers a significant opportunity for both public and private entities to expand their presence in the Indian healthcare industry.

Investment Opportunities Post-Pandemic

Post the pandemic, healthcare emerges as a mainstream avenue for investors seeking long-term income-generating assets. The Knight Frank’s Attitudes Survey reveals that almost one-fourth of Indian ultra-high net worth individuals plan to invest in healthcare-related assets in 2023. This signifies a growing recognition of the potential investment opportunities in the healthcare sector.

Month: Current Affairs - November, 2023

Category: Reports & Indexes Current Affairs