Narayana Hrudayalaya Expands Healthcare Footprint with ₹246 Crore Land Acquisition in Bengaluru
Narayana Hrudayalaya Limited has significantly expanded its presence in Bengaluru by acquiring prime land parcels worth ₹246 crore along Bannerghatta Main Road. The acquisitions bolster the company's land bank in a crucial healthcare corridor.
Narayana HrudayalayaBengaluruHealthcareReal EstateLand AcquisitionReal Estate NewsJun 25, 2025
The deals involved over 46,000 sq ft of land in the Hulimavu locality, all purchased from members of the same family. The largest transaction was a ₹177.7 crore deal with Kelachandra Veneer Industries, represented by Thomas Markose and Neelu Markose, for a 93,500 sq ft plot that includes around 10,000 sq ft of existing structures, the documents showed.
In a separate deal, Narayana Hrudayalaya acquired 17,424 sq ft of land in Hulimavu from Neelu Markose for ₹33.1 crore. The third transaction involved the purchase of 18,513 sq ft from Thomas Markose for ₹35.17 crore. The deals were concluded on February 3, 2025, they showed.
These acquisitions collectively bolster Narayana Hrudayalaya’s land bank along Bannerghatta Road, a prominent healthcare and residential corridor in south Bengaluru. The company has not officially disclosed development plans for the site. Founded in 2000 by Devi Shetty, a heart surgeon and entrepreneur, it has a network of 18 hospitals and three heart centres across India and an overseas presence in the Cayman Islands.
Local brokers say that areas in south Bengaluru, such as Kanakapura Road, Electronic City, Bannerghatta Road, JP Nagar, and BTM Layout have witnessed a moderate increase of 15-20% in property prices over the past two years. Real estate analysts note that property values in north and east Bengaluru have experienced higher and consistent growth, with prices climbing steadily each quarter, outpacing the slower appreciation seen in the southern zones of the city.
Infrastructure projects such as the Bengaluru-Mysuru Expressway and the southern metro corridor have contributed to a noticeable rise in land prices in the surrounding regions. Data from Propstack showed that in May last year, Narayana Hrudayalaya purchased more than 1.2 acres of land in Bengaluru for ₹169 crore. The land is about 52,272 square feet and is situated in Begur Hobli in south Bengaluru. The seller is Venture Projects Bangalore Private Limited, a private company, and the sale deed was signed on March 1, 2024.
Frequently Asked Questions
What is the value of the land acquired by Narayana Hrudayalaya in Bengaluru?
Narayana Hrudayalaya acquired prime land parcels worth ₹246 crore along Bannerghatta Main Road in Bengaluru.
How many separate transactions were involved in the land acquisition?
The acquisition involved three separate transactions, each with members of the same family.
What is the significance of the Bannerghatta Road area in Bengaluru?
Bannerghatta Road is a prominent healthcare and residential corridor in south Bengaluru, making it a strategic location for healthcare providers like Narayana Hrudayalaya.
What other major infrastructure projects are contributing to the rise in property prices in Bengaluru?
Infrastructure projects such as the Bengaluru-Mysuru Expressway and the southern metro corridor have contributed to a noticeable rise in land prices in the surrounding regions.
What is Narayana Hrudayalaya's current network of healthcare facilities?
Narayana Hrudayalaya has a network of 18 hospitals and three heart centres across India and an overseas presence in the Cayman Islands.
Related News Articles
India's Rise to Realty Prominence: A Billion-Dollar Boom
India is accelerating to become the real estate capital of Asia, with a total valuation of Rs 14.2 trillion among the top 100 realty companies.
Maharashtra Cabinet Renames Pune Airport After Sant Tukaram Maharaj
The Maharashtra Cabinet has approved a proposal to rename Pune airport after the 17th-century Warkari saint and poet, Sant Tukaram Maharaj.
The Downfall of Real Estate Moguls: Alexander Brothers Arrested in Miami
In a shocking turn of events, the renowned real estate moguls, the Alexander Brothers, were recently arrested in Miami. This news has sent ripples through the business community, leaving many to wonder what led to their downfall.
Luxury Homes, Toxic Air: The Urban Pollution Paradox in India
Nithin Kamath, a prominent real estate analyst, highlights the growing concern of urban pollution in major Indian cities like Delhi, Mumbai, and Bengaluru. Despite seeing a surge in luxury real estate, these cities struggle with alarming levels of air pol
Tragic Incident: Two Workers Killed, One Injured as Slab Collapses in Chikhla Mines
A devastating slab collapse in the Chikhla mines of Manganese Ore (India) has resulted in the death of two workers and left one injured. The incident has raised serious concerns about safety protocols in the mining industry.
Women Home Buyers Witness 14% Surge in 2024: Report
A recent report by Square Yards, titled 'Key Holders of Change - Women Driving Real Estate Growth and Transformation,' reveals a significant 14% increase in women homebuyers in 2024.