Manipal Health Enterprises has acquired a hospital property in Mumbai’s Andheri East locality for ₹495 crore, according to property registration documents reviewed by ET. The acquisition forms part of the company’s broader expansion strategy aimed at strengthening its presence in major metropolitan healthcare markets.
The latest transaction represents the second phase of a larger deal involving hospital land and operational healthcare infrastructure in Mumbai.
The latest transaction includes a land parcel measuring nearly 0.19 acre along with an operational hospital building spread across approximately 2.22 lakh square feet of built-up area in Andheri East.
According to property documents, the deal was concluded on 6 May and involved stamp duty payments of around ₹29.22 crore.
The acquisition was made from a group of sellers that included Khubchandani Hospitals, Khubchandani Properties and Investment, and Perfect Realty.
The ₹495 crore acquisition forms the second tranche of a larger transaction linked to the same healthcare property.
The primary hospital land parcel, which constitutes most of the total 2.62-acre property area along with the main hospital building, had already been acquired by Manipal Health in an earlier transaction registered in 2024 for ₹413 crore.
With the completion of the latest phase, the total transaction value has reached approximately ₹908 crore.
The transaction reflects increasing interest among major healthcare operators in acquiring operational hospital assets in densely populated urban centres such as Mumbai.
Limited availability of large healthcare facilities in key metropolitan locations, combined with rising demand for tertiary healthcare infrastructure, has contributed to increased activity in the healthcare real estate segment.
Industry observers note that hospital-focused property acquisitions have gained momentum over recent years as healthcare providers expand through acquisitions and operational upgrades.
Manipal Health Enterprises has continued to expand its footprint across India through acquisitions, brownfield developments and scaling of existing facilities.
The company, backed by investors including Temasek and TPG, has focused on strengthening its presence across major cities as demand for organised healthcare infrastructure continues to grow.
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The acquisition of the Andheri hospital property marks another step in Manipal Health Enterprises’ expansion strategy within urban healthcare markets. The transaction also highlights ongoing interest in healthcare-focused real estate assets amid rising demand for medical infrastructure in metropolitan regions such as Mumbai.
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Published on: May 12, 2026, 11:43 AM IST
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