Global Health acquires land for purpose of building 500-bed hospital in Mumbai

Global Health has been offered by Mumbai Housing and Area Development Authority (MHADA) vide its letter dated 22 July 2024 a land parcel measuring 8859.24 sq. meters for an amount of Rs 125.11 crores (approx.) on lease basis under online e-tenders issued by MHADA.

The aforesaid land parcel is situated at Mauje-Oshiwara, Jogeshwari, CTS No. 31, 32 (part), 33 (part), 37 (part), Mumbai, Maharashtra and can accommodate construction of a 500+ bedded hospital with an estimated project capex of Rs. 1,200 crore, subject to various customary and statutory approvals.

The detailed business plan for the construction of above mentioned 500+ bedded hospital is subject to approval of Board of the Company and the Company will update the stock exchanges on any material developments relating to this matter.

 

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