Manipal Health acquires Andheri hospital property for ₹495 crore

The article published on May 11, 2026 reported that Manipal Health Enterprises completed the second leg of the ₹908-crore transaction, with the May 6 registration completing the consolidation. It notes that the latest acquisition is ₹495 crore and references the 2024 initial deal, underscoring continued investor interest in Mumbai’s healthcare real estate sector.

The latest acquisition was registered on May 6, 2026, with stamp duty of ₹29 crore paid. Manipal Health Enterprises acquired a 752 sq m land parcel along with a hospital building (built-up area around 21,000 sq m). Sellers included Khubchandani Hospitals Private Limited, Khubchandani Properties and Investment Private Limited, and Perfect Realty Private Limited. The latest deed transfers the remaining portions excluded from the original agreement, consolidating ownership of the entire hospital property under Manipal Health Enterprises. The hospital complex spans nearly 2.61 acres and features a basement with 180 enclosed parking spaces and 204 mechanical stack parking spaces, plus a lower ground floor, ground floor and three upper floors.

Bengaluru-based Manipal Hospitals purchased the primary portion of the Andheri hospital property for around ₹415 crore. The deal involved a majority share of the 10,590 sq m hospital land parcel and the main hospital building, initiating the overall ₹908-crore transaction.