Emerging Healthcare Sector

Healthcare sector is India's one of largest sector which comprises of an extensive network of hospitals, medical or healthcare institutes and other medical services. Initially the healthcare sector in India remained in public domain but now many private players are also playing significant role in health-based services.

 Raising the consciousness towards nutrition in India, maintaining public health and improving the standard of living of the Indian people are some of the main responsibilities of the State and Centre government in India. A large number of government hospitals that provide healthcare facilities at subsidized rate are operating in different states in India. These hospitals are set up with an aim to provide adequate medical facilities to both a patient living poverty line as well to another prosperous patient.

 Primary healthcare in India is provided by the city and district hospitals and rural healthcare centers. Very often, these medical centers provide healthcare facilities free of cost. There are special provisions to handle grave healthcare issues such as malnutrition, immunization against various deadly diseases, pregnancy, child birth and postnatal care.

 In the recent times, India has witnessed major success in eradicating mass famines, however the country still suffers from serious problems of malnutrition and lack of health consciousness among Indian people. Improper sanitation facilities and inadequate water supply are few other problems which are adversely affecting healthcare in India.

 Fortunately, despite of all these perennial problems, the healthcare sector in India is growing at a rapid pace. In 2007, the healthcare market in India was estimated was estimated at US $35 billion. It is expected that the healthcare sector in India will double and reach US $70 billion by 2012. Rising income levels and a growing elderly population are some of the factors augmenting growth of healthcare sector in India.

 India has also carved a niche for itself as an excellent medical tourism destination in the past few years. Every year thousands of international visitors come to India to get adequate medical treatment in India. Some of the most common treatments are heart surgery, knee transplant, cosmetic surgery and dental surgery. In order to remain competitive, healthcare providers in India are looking at improving their operational efficiency and are providing value added medical experience to patients.

Boost In Pune Property Values Due To Healthcare Facilities

Increasingly becoming an areas of consideration for people looking at investing in residential property in Pune due to healthcare facilities.

 As today, Pune is emerging to be one of the best places to provide medical facilities now people looking for residential property in Pune preferring that there should be good medical center nearby. For example: Mrs. Lavanya Rajaram, a resident of Shastri Nagar, shifter to Pune city from Chennai, she had an important touchstone to be fulfilled as her children are staying abroad, her decisive factor while choosing a house was to have a good medical centre nearby. There is an eye hospital near her residence where people from across the country comes for their treatment and residing near it is of great advantage to her.

 In addition to automobile industries, retail and education institutions, another driving force for the development of Pune is the healthcare segment. Pune has given a decent share of medical tourism and is a favoured healthcare destination for people all over Maharashtra. Pune city is now counted as the best in the country due to its medical facilities.

 Pune now growing fast in terms of real estate and healthcare one of the strongest pillars that is contributing to the same.

 Mr. Shailesh Puranik, Managing Director of Puranik Builders Pvt. Ltd. said - as healthcare is coming up in a big way in Pune with the best help services and hospitals with state-of-the-art equipment. Medical facilities available in Pune today can be compared to that of what is available in Mumbai.

 Mr. Manish Kaneria, Director of Mont Vert Luxury Homes says; Pune becoming one of the affordable centres for medical treatment and one of the growing destinations of medical tourism. As Mr. Kaneria holds an M.Pharm degree and has practiced as a clinical pharmacist in the USA for 17 years before coming back to India to join the real estate business. States that in India though budget still rules as the primary decision maker while investing in a residential property in Pune the trend is slowly moving towards the presence of schools and hospitals in the vicinity. In short the developers should provide commercial and residential apartment including the facilities in one project a complete Township Project is in great demand between Punekars.

 As integrated townships projects are changing the scenario of healthcare in Pune. By nature they are self-supporting and self-sufficient in most civic and social infrastructure aspects and are patronized by an up-market segment of property buyers. They tend to have well-equipped medical care facilities within their premises as well as linkages to healthcare facilities outside the townships. As said by Mr. Sanjay Bajaj, Managing Director of Pune, Jones Lang LaSalle India - the existence of medical facilities is a significant value add for todays health-conscious buyers.

 Pune city also caters to the healthcare needs of senior citizens and retired. Pune has a very favourable weather suitable for healthcare as the temperature is between 20-24 degrees all through the year and that acts in favour of people recuperating as said by Mr. D.S. Kulkarni Founder, Chairman & Managing Director of D S Kulkarni Developers Ltd.

 While healthcare is not a market driver for the property category by itself, the existence of advanced and well equipped healthcare centres within the city does increase overall buyer sentiments, says Mr. Bajaj. The existence of a properly equipped hospital in a locality, paired with a shopping centre near lying job generators and convenient public transport facilities combine to make residential property of Pune city very attractive to both end-users and investors.