{"id":2765,"date":"2024-10-15T18:13:00","date_gmt":"2024-10-15T12:43:00","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=2765"},"modified":"2026-04-23T18:19:37","modified_gmt":"2026-04-23T12:49:37","slug":"mumbai-land-deal-manipal-hospitals-expands-footprint-in-andheri","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/mumbai-land-deal-manipal-hospitals-expands-footprint-in-andheri\/","title":{"rendered":"Mumbai Land Deal: Manipal Hospitals Expands Footprint in Andheri"},"content":{"rendered":"\n

Mumbai continues to attract institutional capital across sectors, with healthcare emerging as a strong contributor to real estate activity. According to CRE Matrix<\/a>, Manipal Hospitals has acquired a 2.62-acre land parcel in Andheri from Khubchandani Properties and Investments Pvt Ltd for \u20b9415 crore, marking a significant investment in one of the city\u2019s most strategic micro-markets.<\/p>\n\n\n\n

Deal Highlights and Location Advantage<\/strong><\/h2>\n\n\n\n

The transaction was registered on October 7, 2024, with a stamp duty payment of \u20b927.33 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.<\/p>\n\n\n\n

Strengthening a Nationwide Healthcare Network<\/strong><\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Investment Momentum Across Indian Real Estate<\/strong><\/h2>\n\n\n\n

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\u2013September quarter alone contributed USD 2.6 billion, driven by both domestic and global investors.<\/p>\n\n\n\n

Metro Cities Drive Capital Inflows<\/strong><\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Investment Outlook for Mumbai Real Estate<\/strong><\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>!<\/p>\n\n\n\n

Media Mention:<\/strong><\/h2>\n\n\n\n