India requires an additional two billion square feet of healthcare real estate to meet the needs of its current population, as reported by Knight Frank's global healthcare analysis. The existing bed-to-population ratio stands at 1.3 beds per 1,000 people, emphasizing the shortage.
Globally, healthcare real estate investments have hit $38 billion, constituting about 4.3 percent of total global real estate financing. India's healthcare sector has grown by an average of 18 percent annually, a growth further accelerated by the pandemic, which stressed infrastructure and service delivery.
With India's population at 1.42 billion, there's a deficit of 1.7 beds per 1,000 people, requiring an additional 2.4 million beds. This gap presents an opportunity for both public and private entities to expand their presence in India's healthcare industry, notes the report.
Shishir Baijal, Chairman and Managing Director of Knight Frank India, highlighted the challenge posed by India's population-to-bed ratio and the pressing need for substantial improvements in healthcare infrastructure.
Meeting this demand entails nearly doubling the current real estate capacity to adequately serve the expanding healthcare needs. Baijal further stated that post-pandemic, healthcare stands out as a key investment avenue for those seeking long-term income-generating assets.
According to Knight Frank's Attitudes Survey, nearly one-fourth of India's ultra-high-net-worth individuals expressed interest in investing in healthcare-related assets in 2023.
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