Jaypee Group plans to diversify into healthcare in five years.

The Noida-headquartered real estate and infra major Jaypee Group plans to diversify into healthcare by investing in excess of Rs. 2,000 crore over the next 3-4 years to set up a hospital chain with a minimum capacity of 3,000 beds.

This investment doesn't include a major chunk of the cost of the land, given that the group intends to develop tertiary and super-speciality hospital facilities in cities where it already owns land parcels.

The founder of the group Jaiprakash Gaur told ET that five years down the line, he wants healthcare to become the core business of the group. His daughter Rekha Dixit and an industry veteran Vikram Singh, formerly COO at Wockhardt Hospitals, would take his vision forward under Jaypee Healthcare, a company in which the promoter group would hold a significant equity.

ET