Land Parcel in Ghaziabad Allotted for Rs 165.82 crores; Can House 350+ Bedded Hospital

Allotted a land parcel of 10560.36 sq. meters at Siddharth Vihar Yojna, Ghaziabad (UP) by UP Housing & Development Board on freehold basis via online auction.

Mon 28 Sep 2026

Land Area

10560.36 sq. meters

Location

Siddharth Vihar Yojna, Ghaziabad, Uttar Pradesh

Land Cost

Rs 165.82 crores (approx.)

Proposed Hospital Capacity

350+ bedded hospital

Basis

Freehold basis via online auction

What happened

The company has been allotted a land parcel by the UP Housing & Development Board (UPAVP) through an online auction, on a freehold basis. The allotment letter is dated September 26, 2026 and was received by the company on September 28, 2026.

Key details

• Land area: 10560.36 sq. meters
• Consideration: Rs 165.82 crores (approx.)
• Basis: free hold, via online auction by UPAVP
• Location: Siddharth Vihar Yojna, Ghaziabad, Uttar Pradesh

Intended use

The parcel can accommodate construction of a 350+ bedded hospital, subject to various customary and statutory approvals.

Status

Management is currently evaluating the next steps and developing a detailed project plan for the proposed hospital, subject to the approval of the Board of Directors. The company will keep the stock exchanges informed of material developments.

How to read it

This is a land acquisition step towards a possible new hospital in the NCR region, not a commissioned facility. Timelines, capital outlay for construction and bed rollout would follow the project plan and approvals.

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