Manipal Health Enterprises has completed the acquisition of a hospital asset in Mumbai's Andheri locality for ₹495 crore, according to property registration documents reviewed by CRE Matrix. The transaction was registered on May 6, 2026, with stamp duty paid amounting to ₹29.22 crore. The deal involves a land parcel measuring 752.77 square metres along with a hospital building having a built-up area of 20,663.80 square metres.
The acquisition involves multiple sellers including Khubchandani Hospitals Private Limited, Khubchandani Properties and Investment Private Limited and Perfect Realty Private Limited. The property is located at Old Survey No. 106 A-IA (PT) & 80 (PT), Old CTS No. 198 (PT), New CTS No. 198/A3, Andheri, Mumbai 400051. The purchaser is Manipal Health Enterprises, formerly known as Manipal Health Enterprises Private Limited.
The acquisition comes at a time when healthcare infrastructure continues to attract institutional and strategic capital amid rising demand for quality medical facilities in metropolitan cities. Mumbai, in particular, has witnessed growing interest from healthcare operators and investors due to limited land availability and increasing demand for tertiary care services. The deal also underlines the rising prominence of operational healthcare assets as a distinct real estate segment, alongside commercial offices, warehousing and data centres, which have seen heightened transaction activity over the past few years.
Healthcare-led real estate transactions have gained momentum as hospital operators look to strengthen their footprint in densely populated urban clusters where greenfield development opportunities remain limited and expensive. Acquiring operational facilities allows companies to scale faster while benefiting from established catchment areas and existing healthcare infrastructure. Manipal Health has been expanding its presence across India through both organic and inorganic routes as competition intensifies among large hospital chains to deepen networks in high-demand markets.
