Both Global Health, which runs the Medanta chain of hospitals, and DLF will own 50-50 equity in the new company and the hospital, with about 400 beds, will be located in the capital city of New Delhi.

India's healthcare sector has global investors scouting the market, Reuters reported in June, with global consultancy PwC forecasting 12-14% annual growth for a private healthcare market currently worth around $48 billion.

DLF's profit rose nearly 12% to 5.27 billion rupees ($64.3 million) in the April-June quarter.

(Reporting by Shilpa Jamkhandikar; Editing by Maju Samuel)