Business Update24 Jul 2024, 07:22 pm
Global Health Ltd Acquires Land in Mumbai for Rs. 125.11 Crores from MHADA for Hospital Construction
AI Summary
Global Health Ltd has approved the acquisition of a land parcel measuring 8859.24 sq. meters in Mumbai from Mumbai Housing and Area Development Authority (MHADA) for a bid amount of Rs. 125.11 crores. The land can accommodate a 500+ bedded hospital with an estimated project capex of Rs. 1,200 crores, subject to various approvals. The company will keep the exchanges updated on further developments.
Key Highlights
- Global Health Ltd approves acquisition of land in Mumbai from MHADA for Rs. 125.11 crores
- The land can accommodate a 500+ bedded hospital with an estimated project capex of Rs. 1,200 crores
- The acquisition is subject to various customary and statutory approvals
- The company will keep the exchanges updated on further developments