He stated that the Modi Group will invest Rs 4,000 crore in the development of a health city in Saket, Delhi.

 

In addition, the group has pledged to invest Rs 2,000 crore in city development projects in Modipur, Rampur District, Uttar Pradesh.

 

"In the Saket project, it would be a city and hospital and other projects, and at Modipur, we would have city development, where we would build an entire city. Then we have some more place to invest in," Modi made the remarks on the sidelines of an event.

 

Modi stated that the group is also investing Rs 2,000 crore outside of the country.

 

"This would be a total of Rs 8,000 crore, which is around USD one billion," he stated.

 

Modi stated that the Saket project will include three major buildings totaling 20 lakh square feet of space, as well as residences and a hospital.

 

It is intended to be a comprehensive healthcare hub with medical office buildings, over 24,000 quaternary bed facilities, wellness residences and geriatrics care, among other amenities.

 

When asked about the status of ongoing projects, Modi stated that it has already begun development projects worth Rs 1,000 crore.

 

Construction work on two projects worth Rs 750 crore has already begun as part of the first phase and the foundation stone for two more projects worth Rs 300 crore has been laid.

 

In a statement, the group stated that Modipur will be a smart city with cutting-edge infrastructure such as multiplexes, malls, luxury hotels, urban residences and futuristic manufacturing industries based on AI technology.

 

It also intends to open holistic wellness centres throughout India.

 

Modi Group also formed a joint venture with Miami-based real estate firm The Lynd Company to develop residential buildings under a single global brand in Miami, FL, USA and Saket, New Delhi, India.