Industry sources said an agreement for the proposed JV has already been signed.
The JV plans to set up a chain of 200-450 bed hospitals in 31 cities in India within three to five years, sources added.
While the joint venture will mark DLF's foray into the healthcare segment, for Fortis the move is a part of its strategy to become a pan-India player in the healthcare segment and resolve real estate problems for setting up new hospitals.
The planned investment of Rs. 6,200 crore would go toward meeting cost of land, construction and medical equipments, sources said.
The JV plans to build hospitals in cities where DLF has a presence. Already DLF has a land reserve of 10,255 acres in 31 cities.