HYDERABAD: From being home to a hand ful of hospitals until recently both multi-speciality and mid-sized the Cyberabad region is fast turning into a hub of medical institutions. Hospitals of all sizes and specialities have been mushrooming across the city's IT corridor with market insiders pegging the total number of `upcoming' hospitals over the next five years at a whopping 100.
Reason for the sudden boom?
A growing population of insured individuals in the swank pockets of the city's IT hub that's made setting up operations there a profitable venture, say analysts.
"The growth of this side of the city and the expansion of all commercial activities towards Cyberabad region is reason why so many major players have decided to set up base here in the last two years. Even those in other parts of the city are slowly opening up branches here. In addition to Yashoda Hospitals and Asian Institute of Gastroenterology soon setting up their branches here, Sunshine Hospitals will also make a foray into the Cyberabad area," said Harish Manian, chief operating officer of Continental Hospitals, located in the financial district.
Others couldn't agree more. "The region is on everybody's radar. The high number of insured population is the primary reason for large multi-speciality hospitals taking their operations there. In the next five years, nearly 100 hospitals with a 50 to 100-bed capacity, will come up in the city's IT corridor particularly in areas such as Gachibowli, Narsingi, Nanakramguda and Chandanagar," said Myana Srinivas, executive director of Virinchi Hospitals. What's further fuelling this trend, experts say, is the `reverse migration' of doctors previously employed in the US and UK. With them now migrating back to the city, it has become easier for hospitals to rope in talented hands. Such is the rush towards the western corridor that doctors working in areas like the Old City and Secunderabad too are now moving from there and heading for `new age' Hyderabad.
Reason for the sudden boom?
A growing population of insured individuals in the swank pockets of the city's IT hub that's made setting up operations there a profitable venture, say analysts.
"The growth of this side of the city and the expansion of all commercial activities towards Cyberabad region is reason why so many major players have decided to set up base here in the last two years. Even those in other parts of the city are slowly opening up branches here. In addition to Yashoda Hospitals and Asian Institute of Gastroenterology soon setting up their branches here, Sunshine Hospitals will also make a foray into the Cyberabad area," said Harish Manian, chief operating officer of Continental Hospitals, located in the financial district.
Others couldn't agree more. "The region is on everybody's radar. The high number of insured population is the primary reason for large multi-speciality hospitals taking their operations there. In the next five years, nearly 100 hospitals with a 50 to 100-bed capacity, will come up in the city's IT corridor particularly in areas such as Gachibowli, Narsingi, Nanakramguda and Chandanagar," said Myana Srinivas, executive director of Virinchi Hospitals. What's further fuelling this trend, experts say, is the `reverse migration' of doctors previously employed in the US and UK. With them now migrating back to the city, it has become easier for hospitals to rope in talented hands. Such is the rush towards the western corridor that doctors working in areas like the Old City and Secunderabad too are now moving from there and heading for `new age' Hyderabad.
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