MHADA Sells Prime 2-Acre Mumbai Plot to Medanta for ?125 Crore
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The 2.2-acre (8,850.25 square metre) plot is in the city's western Oshiwara suburb in Andheri and was sold through an e-auction, MHADA's Mumbai regional board said in a release on July 16. The plot was reserved for building a hospital and the reserve price was Rs 67.5 crore.
The plot was reserved for building a hospital and the reserve price was Rs 67.5 crore.
The board also announced the sale of land, through e-auctions, across Mumbai, especially in Vikhroli and Malad areas, all of which were reserved for educational facilities, for a total of around Rs 67.3 crore.
Global Health, which operates Medanta hospitals, was established in 2004 by Dr Naresh Trehan as a super-specialty tertiary-care hospital in Gurugram. The chain has since expanded to Uttar Pradesh, Madhya Pradesh, Jharkhand and Bihar
News Source: https://www.moneycontrol.com/news/business/real-estate/mhada-sells-2-acre-plot-in-mumbai-to-medanta-for-rs-125-crore-12770878.html
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