Pune-based Mont Vert Group, a leading name in Indian real estate, has entered a landmark $500 million (approximately Rs 4,300 crore) agreement with Kazakhstan’s Big B Corporation to develop a state-of-the-art medical university and a multi-specialty hospital in Kazakhstan. This significant international healthcare infrastructure project underlines Mont Vert’s expansion beyond residential and commercial real estate, marking its entry into global healthcare infrastructure development.
Strategic Partnership for Global Healthcare Development
The agreement was officially announced during the prestigious 30th anniversary celebrations of the SRAM & MRAM Group at Raven’s Ait Private Island in London. The event was attended by eminent dignitaries including Jayantilal Kaneria (Chairman, Mont Vert Group), Neeraj Kaneria (Managing Director, Mont Vert Group), Ajay Bhandari (Director, Big B Corporation), and other key directors from SRAM & MRAM Group.
This joint venture brings together the expertise of Mont Vert Group, Kazakhstan’s Big B Corporation, and KAZIND Medical Group, combining real estate development prowess with healthcare operational excellence.
Project Details: A Transformative Medical Campus in Kazakhstan
- Location: Astana (243 hectares) and Almaty (100 hectares), Kazakhstan
- Components:
- Medical University accommodating 10,000 students
- Multi-specialty Hospital with 1,000 beds
- Objective: To create a world-class healthcare and educational hub, supporting Kazakhstan’s growing demand for advanced medical education and healthcare services.
The Kazakh government approved the land allocation last October, facilitating the smooth launch of this ambitious project.
About Mont Vert Group: Trusted Real Estate Pioneer
Mont Vert Group is a well-established real estate developer based in Pune, India, with a track record of delivering over 6.8 million square feet of residential and commercial projects. The leadership duo of Chairman Jayantilal Kaneria and Managing Director Neeraj Kaneria brings over 30 years of industry experience, emphasizing quality and excellence.
Notable Quotes
Sailesh Lachu Hiranandani, Chairman, SRAM & MRAM Group:
“Mont Vert Group represents the pinnacle of excellence in Indian real estate. Their experience and quality commitment make them the ideal partner for this international healthcare venture.”
Jayantilal Kaneria, Chairman, Mont Vert Group:
“This partnership marks a significant milestone for Mont Vert Group, expanding our horizons into healthcare infrastructure with a project of international importance.”
Quick Facts: Mont Vert Group’s Kazakhstan Medical Project
| Feature | Details |
|---|---|
| Total Investment | $500 million (approx. Rs 4,300 crore) |
| Location | Astana (243 hectares), Almaty (100 hectares), Kazakhstan |
| Project Components | Medical University & Multi-specialty Hospital |
| University Capacity | 10,000 students |
| Hospital Capacity | 1,000 beds |
| Partners | Mont Vert Group, Big B Corporation, KAZIND Medical Group |
| Key Approval | Land approved by Kazakh Government (October) |
FAQ Section
Q1: Who are the main partners involved in this project?
A1: The project is a collaboration between Pune-based Mont Vert Group, Kazakhstan’s Big B Corporation, and KAZIND Medical Group, with support from SRAM & MRAM Group.
Q2: What is the scale of the investment?
A2: The investment is valued at $500 million (approx. Rs 4,300 crore).
Q3: Where is the medical campus located?
A3: The project spans two key locations in Kazakhstan — 243 hectares in Astana and 100 hectares in Almaty.
Q4: What are the main components of the project?
A4: It includes a medical university for 10,000 students and a multi-specialty hospital with 1,000 beds.
Q5: How does this project impact Mont Vert Group’s portfolio?
A5: This marks Mont Vert’s expansion from real estate into international healthcare infrastructure, highlighting their growing global footprint.