Jupiter Life Line Hospitals Secures Land Allotment for New Hospital
Jupiter Life Line Hospitals Limited announced it has received acceptance of a tender from the Mumbai Metropolitan Region Development Authority (MMRDA) for land allotment on a lease basis. The allotment pertains to land measuring approximately 10,026.44 square meters situated at plot no. SF5 in GTxT-Block of Bandra-Kurla Complex, Maharashtra.The land is being leased for a period of 80 years and involves a one-time lease premium of approximately Rs. 354 Crores. The company intends to develop a 400-bed hospital on the land, subject to obtaining necessary statutory and regulatory approvals.
Below is a summary of the key details of the land allotment agreement.
Key Details of Land Allotment
| Particulars | Description |
|---|---|
| Awarding Entity | The Mumbai Metropolitan Region Development Authority (MMRDA) |
| Land Area | ~10,026.44 sqm |
| Lease Premium | ~ Rs. 354 Crores |
| Lease Period | 80 years |
| Hospital Capacity | ~400 beds |
| Promoter Interest | No interest from promoters, promoter group, or group companies in MMRDA |
| Related Party Transaction | Not applicable |
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