Vipul Limited joins hands with Sankara Eye Care Institutions to set-up Punjab's 1st specialized Eye Care Hospital; Will perform over 10,000 free eye surgeries every year

Key highlights: Vipul Ltd and Sankara Eye Care Institution joins hands, Will set up Punjab's 1st specialized Eye Hospital in Vipul World, Ludhiana, To perform more than 10,000 free eye surgeries every year, To provide 80% of free treatment to the economically less privileged, 80 beds dedicated to patients seeking free treatment Need for specialized eye-care in Punjab, Estimated 2.7 lakh people in the state need to undergo cataract surgeries annually, Our of this, 1.5 lakh do not have accessibility to affordable service, The new hospital will address needs of this segment

New Delhi, Delhi, June 21, 2010 /India PRwire/ -- Vipul Ltd, one of the leading realty companies in the country, has inked an agreement with Sankara Eye Care Institution, the largest chain of community eye-care institute in the country, to develop the 1st specialized eye-care hospital of Punjab. Vipul Ltd has donated 2-acres of land within its flagship project in Punjab, Vipul World located at Ferozepur road, Ludhiana for the eye-hospital which will provide 80% treatment free to the poor and needy and 20% treatment would be on paid basis.

To cater the need of quality healthcare, Sankara Eye Care Institutions will construct the hospital premises with an investment of Rs. 18 crore and will also manage its operations. The hospital will comprise of single block comprising of 50,000 Sq. ft. built up area incorporating G+2 floors which will cater to almost all treatments under the eye-care segment.

Vipul World is a 109-acre integrated township that comprise of a plots, Lifestyle Villas, Premium Apartments, high end commercial complex, fully equipped convenience shopping arcade with an ultra-modern facility equipped club house and now a hospital. The township will be unique in providing world-class facilities backed by suitable infrastructure and excellent connectivity with the main town. The construction of this township is going on a fast track.

Speaking on the occasion, Mr. Punit Beriwala, Managing Director, Vipul Ltd said, "After garnering overwhelming response in Vipul World, it is a great moment for us to join hands with Sankara Eye Care Institutions to propel the quality health services in the region. Sankara group is a well-known name in eye care segment and we are sure that this eye-hospital will create a niche for itself in years to come, providing access to quality eye care and in-patient services for the residents of Ludhiana and the State of Punjab at large. Being one of the leading real estate players, we are committed to provide best infrastructure and state-of-art facilities around this project."

The construction of the project is scheduled to start by the end of 2010 and become functional by mid-2011. This hospital project is supported by Sankara Eye Foundation, USA and Sankara Eye Foundation, Europe. It will perform more than 10,000 free eye surgeries every year as a part of Sankara's 'Vision 2020 by 2020' programme which aims to provide the Gift of Vision to 1 million economically backward citizens annually through centers across India. Sankara will replicate its self sustaining model, of providing 80% free treatment to the economically less privileged and 20% paid patient treatment at the new Ludhiana Hospital.

Commenting at the announcement, Dr. R V Ramani, Founder & Managing Trustee, and Sankara Eye Care Institutions said, "I thank Vipul World for the support by providing us the land to set up this hospital. We are happy that our hospital is in a strategic location such as Vipul World, easily accessible to people from inside the city and surrounding districts. The Ludhiana hospital will be supported by skilled and experienced eye surgeons and paramedics to enable us deliver quality services without any delay. We believe in tapping local human resources. We will employ locally and train recruits in medical and paramedical care"

Ludhiana has emerged as an industrial hub for industrial and hosiery units. It is expected that this state-of-the-art hospital, equipped with advanced technology will serve the growing neighboring areas in and around the city of Ludhiana, accounting for close to 74% of Punjab's total population. An estimated 2.7 lakh people in the state need to undergo cataract surgeries annually of which over 1.5 lakhs do not avail of surgery and treatment due to lack of access to quality and affordable eye care. These underprivileged continue to remain needlessly blind or visually handicapped. Sankara will address this issue through their rural outreach programme, by providing high-quality, cost effective and readily available eye care at the door steps of rural India. In addition to this, Sankara also has the preventive eye care programme, for school going children, where-in vision screening is done at schools. With early detection of visual defects, 50% of all eye-problems can be prevented.

The Ludhiana Hospital will have 80 beds dedicated to patients seeking free treatment and 25 to patients who can afford to pay; the hospital will cater to 200 out patients' everyday. The revenue generated through this will be used to cross-subsidize the community activities.

Girls from the economically weaker section of the local areas will be identified, selected, trained, given stipend during training, awarded a university recognized degree and placed at the Ludhiana Hospital.

Vipul World is a 109-acre integrated township that comprise of a plots, Lifestyle Villas, Premium Apartments, high end commercial complex, fully equipped convenience shopping arcade with an ultra-modern facility equipped club house and now a hospital. The township will be unique in providing world-class facilities backed by suitable infrastructure and excellent connectivity with the main town. The construction of this township is going on a fast track.

Notes to Editor

About Vipul Limited

Vipul Ltd. has presence across the verticals of real estate i.e. Commercial, Residential, Hotel, Office Space and SEZ. It has so far delivered about 6.75 million sq ft (including JV's) and is presently working on an area of about 10 million sq. ft. through Integrated Townships, High-End Luxury Apartments, Independent Floors, Retail & Commercial Towers, Hotels and SEZ. Presently Vipul Ltd has a land bank of more than 1400 acres with presence across major cities like Gurgaon, Faridabad, Dharuhera, Mohali, Ludhiana, Bhubaneswar, Siliguri and Kolkata. More information is available on www.vipulgroup.in/

About Sankara Eyecare Institutions:

Is a part of Sri Kanchi Kamakoti Medical Trust and since its inception in 1977, has been working towards a goal of 'Vision for all by 2020' and has successfully implemented numerous community outreach programmes in eyecare. Sankara is a full-fledged, affordable provider of quality eye treatment with 7 established state-of-the-art eye hospitals across India in Coimbatore, Krishnankoil, Guntur, Bangalore, Shimoga, Anand and Silvassa The organization, in its existence over 33 years has provided quality eyecare regardless of the socioeconomic considerations of the patients. To date, the Institution has performed over 5,50,000 free eye surgeries across the country and have screened over 30,00,000 school children to date. Sankara has been recognized for its yeoman service to humanity, both in the country and internationally and has won many awards. Some of the awards are the 'Namma Bengaluru Award 2010, in February, FICCI Healthcare 'Excellence Award in September 2009, India NGO Award 2008 and the Hospital Management Asia Award 2008. For more information, you can visit www.sankaraeye.com

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