India, May 20 -- The BMC has revived the controversial Seven Hills Hospital project in Marol by proposing to lease the land to Capri Global for 30 years, extendable by another 30 years, with a settlement amount fixed at Rs.223.48 crore. The civic body has approved a fresh settlement that will allow Capri Global to revive the long-stalled hospital project in Andheri East, with the company committing to investing Rs.400 crore over the next five years to transform the facility into a 1,500-bed multi-speciality hospital.

As part of the settlement, Capri Global has agreed to pay Rs.183.51 crore directly to the BMC towards outstanding lease rent, property tax and other dues linked to Seven Hills Healthcare Private Limited, while an additional ...