Mumbai continues to attract institutional capital across sectors, with healthcare emerging as a strong contributor to real estate activity. According to CRE Matrix, Manipal Hospitals has acquired a 2.62-acre land parcel in Andheri from Khubchandani Properties and Investments Pvt Ltd for ₹415 crore, marking a significant investment in one of the city’s most strategic micro-markets.
Deal Highlights and Location Advantage
The transaction was registered on October 7, 2024, with a stamp duty payment of ₹27.33 crore. Andheri remains a preferred destination due to its strong connectivity to business districts, transport infrastructure, and dense residential catchments, making it ideal for large-scale healthcare developments.
Strengthening a Nationwide Healthcare Network
Operating under the Manipal Education and Medical Group, Manipal Hospitals runs a network of 33 hospitals across 17 cities. This acquisition reflects its continued focus on expanding capacity in metro cities and strengthening its presence in high-demand urban markets.
Investment Momentum Across Indian Real Estate
The deal aligns with a broader surge in real estate investments across India. As per CBRE, equity investments rose 46% year-on-year to USD 8.9 billion between January and September 2024 – the highest level recorded since 2018. The July–September quarter alone contributed USD 2.6 billion, driven by both domestic and global investors.
Metro Cities Drive Capital Inflows
Mumbai, alongside Bengaluru and Chennai, continues to lead investment activity, accounting for over 66% of total inflows during the quarter. Land and development sites attracted the largest share, followed by office and retail sectors, highlighting a balanced yet growth-focused investment landscape.
Investment Outlook for Mumbai Real Estate
With continued infrastructure upgrades and sector-specific demand, Mumbai is expected to remain a key destination for institutional investments. Strategic acquisitions by players like Manipal Hospitals underline the growing intersection of healthcare and real estate, reinforcing long-term confidence in the market.
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