New Launch2 April 2026 at 12:51 pm
Apollo Hospitals Enterprise Ltd Secures 9.33-Acre Land Parcel in Delhi for Super Specialty Hospital Development
AI Summary
Apollo Hospitals Enterprise Ltd has been allotted a 9.33-acre land parcel by the Delhi Development Authority (DDA) for the development of a super specialty hospital with allied healthcare services. The license period is 55 years, and the license agreement is expected to be executed within one year. The annual license fee is Rs. 33.3 crs starting from the fifth year with annual escalations. The company will incorporate a Special Purpose Vehicle (SPV) for the execution and implementation of the project.
Key Highlights
- Apollo Hospitals Enterprise Ltd secures 9.33-acre land parcel from DDA for super specialty hospital development.
- License period of 55 years with annual license fee of Rs. 33.3 crs starting from the fifth year.
- License agreement to be executed within one year.
- Company to incorporate a Special Purpose Vehicle (SPV) for project execution.
- Development of a super specialty hospital with allied healthcare services is being planned.