The Ranchi Municipal Corporation, the local government body for the city of Ranchi, in the Indian state of Jharkhand, has signed a sub-lease agreement with Apollo Hospital Enterprises for the construction of a new hospital in the Ranchi Smart City.
According to a report by the Times of India, the sub-lease, which covers an area of 2.75 acres, will be used to construct a new 250-bed hospital. The lease will run for an initial period of 45 years sub-lease deed, with options to extend further.
A ground-breaking ceremony for the new hospital has been scheduled for 15 November.
The Ranchi Smart City project is a 656-acre green field development – one of 100 projects of its type currently underway across India as part of the government’s National Smart Cities Mission – intended to create a new, modern district in the city to facilitate further economic growth and improve the quality of life for residents.