Plans to open 75 centres in the next five years
JV Ventures, an investment management firm with a focus on value-added infrastructure, announced the launch of The Medical Centre (TMC). TMC is a holistic real estate solution that will create the best-in-class healthcare facility by bringing together convenient end-to-end medical services and integrated wellness under one roof. The first TMC centre with be operational at HITECH City in Hyderabad.
While the flagship centre opens in the city in another six months, TMC will endeavour to open 75 centres across key cities including Bengaluru and Pune in the next five years with a target investment of $600 million.
Raja Jain was appointed as the CEO of TMC. Jain comes with over 20 years of experience including over a decade in the development and leasing of commercial and retail assets.
TMC centres are ideally located near residential neighbourhoods offering patients easy access to healthcare services with best-in-class experience. These centres are multi-tenanted facilities that bring speciality clinics, physicians, diagnostics and pharmacies under one roof.
Vishal Goel, Co-founder, JV Ventures, shared, “We believe the TMC platform, with its multi-pronged approach, will be a game-changer that will redefine how healthcare services are provided."
Jasmeet Singh Chhabra, Co-founder, JV Ventures commented, “The addition of TMC to our portfolio is a testament to our efforts to invest and develop socially relevant infrastructure with community at its core. In addition to that, it warrants our investment partners favourable returns given the rising demand for such centres which is expected to double in the next decade.”
“I am excited about the overall impact of our endeavour with this platform”, said Jain. “This is a great opportunity to develop a unique, first-of-its-kind offering in India. Our first centre of about 35,000 sq ft is in HITEC City, a prominent IT and residential hub in Hyderabad and we look forward to expanding our footprint to Bengaluru, Pune, and other major cities.”
