Park Medi World Limited has been awarded a mandate under the Public–Private Partnership (PPP) model by Prayagraj Municipal Corporation, Uttar Pradesh to develop and operate a 550-bed multi-super speciality hospital.

Under the concession, Park Group will construct the facility over a two-year period from the appointed date and operate it under a long-term lease of 45 years, marking a significant step in the Group's expansion across Uttar Pradesh.

The hospital will be developed on a 3.22-acre site allotted by the Municipal Corporation, with an option to secure an additional 2.47 acres from the fifth year following the Commercial Operations Date (COD) — providing built-in headroom for future expansion. 

Park Group will invest approximately Rs. 200 Crore towards construction of the 550-bed facility, which is targeted for completion within two years of the appointed date.

The site is strategically located directly behind Arail Ghat, approximately 3 kilometers from the Sangam Ghat, one of the country's most significant pilgrimage destinations. Upon completion, it will be the largest private healthcare facilities in the city.

A salient feature of the concession is the State Government's support towards the build: Rs. 76.52 crore will be reimbursed by the Municipal Corporation of Prayagraj towards hospital construction— de-risking approximately 38% of the capital outlay. 

In consideration for the concession, Park Group will pay an annual concession fee of Rs. 18.10 Crore with annual escalation of 3%.

Uttar Pradesh is India's largest state by population and among its most densely populated, yet it remains one of the most under-served in healthcare infrastructure, with hospital beds per 1,000 population materially below both the national average and the WHO benchmark of 3 beds per 1,000.

This structural deficit, set against rising incomes and deepening insurance penetration, makes the State one of the most attractive long-term healthcare markets in the country. Prayagraj — one of Uttar Pradesh's largest urban centres and a major administrative, educational and cultural hub serving a vast surrounding catchment — is a natural anchor for the Group's growing presence in the State.

The Prayagraj project forms the third pillar of Park Group's Uttar Pradesh strategy. Together with its 360-bed hospital at Agra and its upcoming 400-bed facility at Gorakhpur, Park Group's total capacity in Uttar Pradesh will reach a critical mass of 1,260 beds on completion. 

Dr. Ankit Gupta, Managing Director, Park Medi World Limited, said: “Being selected by the Government of Uttar Pradesh to develop this 550-bed hospital in Prayagraj under the PPP framework is both a privilege and a responsibility.”

“Uttar Pradesh is India's largest and among its most under-served healthcare markets, and this partnership allows us to bring high-quality, affordable tertiary care to a region that needs it,” added Dr. Gupta.