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.
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