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New Delhi, Nov 4 (PTI) Healthcare major Manipal Health Enterprises Ltd has entered into a long-term arrangement with Singapore-listed Thakral Corporation to lease about 3.5 acres of land in Gurugram to develop and operate a multi-speciality hospital, a regulatory filing said on Wednesday.
The arrangement, executed through Thakral’s Indian subsidiary TIL Investments Pvt Ltd, is structured as a long-term land lease for an initial period of around 30 years, Manipal Health informed stock exchanges.
The proposed facility will be developed in phases, with the first phase expected to have up to 500 beds. Thakral also plans to develop an integrated health and wellness ecosystem around the flagship hospital, supported by retail and hospitality offerings.
Dilip Jose, CEO of Manipal Hospitals, stated that Delhi-NCR is an important market for the chain, and the new hospital will help strengthen its regional presence and serve local healthcare needs.
Inderbethal Singh Thakral, CEO and Executive Director of Thakral Corporation, noted that the collaboration marks the group’s foray into healthcare-focused real estate in India.
Manipal Hospitals currently operates a pan-India network of 50 hospitals with over 13,400 licensed beds. PTI TRB SHM
