Temasek-backed Manipal Health buys hospital in Mumbai’s Andheri for Rs 415 cr
Manipal Health Enterprises’ Manipal Hospitals has acquired a five-storey hospital property in Mumbai's western suburb Andheri for Rs 415 crore.
The hospital has been developed on a land parcel measuring 2.61 acres and has nearly 225,000 sq ft built up area across the building that encompasses a lower ground floor, ground floor and three upper floors.
The transaction has been formalised through a deed of transfer between Manipal Health Enterprises and Khubchandani Properties & Investments, besides two other entities—Khoobchandani Hospitals and Perfect Realty.
Manipal Health Enterprises has paid stamp duty worth Rs 27.33 crore for the registration of the deal that took place on October 7. The hospital property has 180 enclosed parking spaces and 204 mechanical stack parking spaces.
As part of the deal, the hospital will get permanent 9-meter-wide right of way and another temporary right of way with 9-meter-wide access, showed documents accessed through realty data analytics platform Propstack.
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