Ambica Constructions & Contractors, based in Kerala, will construct a 500-bed, carbon-neutral super specialty hospital and stem cell research facility close to Bengaluru’s Lingarajapuram neighbourhood. A five-acre land parcel, owned by Campus Crusade is acquired for the same.
The construction company will invest INR 1,200 crore in the project. The first facility of its kind in India, the carbon-neutral hospital, would be operational in four years.
For the land, the construction company has entered into a joint development agreement with Campus Crusade. For operating the hospital, they have roped in Lifeline Hospitals, which is based in Chennai, Tamil Nadu.
On the outskirts of south Bengaluru, near Kumbalgod, an additional 48 acres of land have been purchased in order to develop the project in the later stage.