Apollo Hospitals to Establish Multi-Speciality Hospital in Dwarka

Apollo Hospitals board approves a new multi-speciality hospital project in Dwarka, New Delhi, on a 9.33-acre land leased from the Delhi Development Authority.
The project will be executed in phases via a Special Purpose Vehicle (SPV) and involves an annual license fee of Rs. 33.3 crore, starting from the fifth year.
The land lease agreement with the Delhi Development Authority is for a 55-year term, with the formal license agreement to be executed within one year.