The trustees of the Bombay Parsi Punchayet and the Committee of Management of the Parsi Lying-In Hospital (PLIH) have unanimously decided to invite public offers from health care operators to construct, equip and operate a modern hospital, on a sub-lease basis, after demolishing the dilapidated structure of the PLIH.
The decision was based on the following factors amongst others: The Hospital is in a highly dilapidated state, not having been in use for more than 30 years; the annual liability towards Collector’s rent and other outgoings is upwards of Rs 3.5 crores; under the Collector’s lease deed, the trust deed and under the development plan, the property is usable only for a hospital; criminal proceedings, arising out of the unsafe building, are pending.
Considering the capital-intensive nature of the project, the sub-lease option is optimal to maximize value for the trust.
A transparent process for inviting offers through public notice will be followed. Permission of the Charity Commissioner, as required under the law, will be obtained. The bidder will be required to obtain relevant regulatory and statutory approvals at his cost. He will place an interest free refundable security deposit and pay quarterly lease rent computed with reference to a percentage of the gross revenue of the new hospital without any deduction, as also pay all outgoings and taxes. Provision will be made for free/concessional treatment for deserving Parsi Zoroastrians.
Implementation of this proposal will benefit our charities by stopping the drain on resources and resulting in a positive cash flow.
The community will be kept posted about developments on a regular basis.
SHEHNAAZ KHAMBATTA
Joint Deputy Chief Executive Officer
Bombay Parsi Punchayet Funds and Properties
bppjtdyceo@gmail.com