Medanta Secures Key Land for Guwahati Hospital Expansion

Big news from Global Health Limited (MEDANTA)! 🏥 The healthcare giant has just announced a significant leap forward for its proposed hospital project in Guwahati, Assam. The company recently received a letter from the Government of Assam, dated July 23, 2025, confirming the much-anticipated land allotment.

So, what’s the scoop? Medanta has been offered 3.5 acres of land on a long-term lease, spanning 60 years with an option to renew for an additional 30 years. This new offer is a direct substitution for an earlier 3-acre plot. Why the change? Medanta had specifically requested a more suitable location – land adjacent to a highway, which is certainly a smart move for accessibility and visibility!

Financially, the deal involves an upfront ‘Land Lease Charge’ of ₹56 crore. Additionally, ’estate charges’ will apply at ₹2.42 per square meter per month, subject to escalation as per existing norms. This is a substantial investment, highlighting Medanta’s commitment to the region.

Perhaps one of the most exciting details is the approval for a common Floor Area Ratio (FAR) for the entire land parcel. This means the site can accommodate not just one, but two hospitals, alongside a hotel! Imagine the comprehensive healthcare and hospitality ecosystem Medanta is planning to build in Guwahati. 🏨✨

This green light comes after the Hon’ble Cabinet approved the proposal in its meeting held on July 18, 2024. Medanta is now expecting further details from relevant agencies and is gearing up for the execution of MoUs and agreements. The company has assured investors that it will keep the exchanges updated on any material developments.

As of its last traded price before the market closed, MEDANTA shares were at ₹1323.7, reflecting a slight dip of 0.8%.

source: Corporate Announcement

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