In a significant development within the Indian real estate sector, Narayana Hrudayalaya Limited has made a massive ₹246 crore land acquisition along the bustling Bannerghatta Main Road in Bengaluru. This deal, one of the largest in the healthcare real estate space in 2025, involves three separate transactions for over 46,000 sq ft of prime land in the Hulimavu locality. The deal further strengthens the company’s real estate portfolio and establishes a strong presence in a high-growth area known for both residential and healthcare infrastructure.
Narayana Hrudayalaya’s Latest Land Acquisition
Details of the Transactions:
The recent acquisition, completed on February 3, 2025, consists of three land parcels purchased from the same family. The first and largest deal, valued at ₹177.7 crore, involved the purchase of 93,500 sq ft from Kelachandra Veneer Industries. This plot also includes around 10,000 sq ft of existing structures, adding further value to the land.
- First Deal: ₹177.7 crore for 93,500 sq ft from Kelachandra Veneer Industries
- Second Deal: ₹33.1 crore for 17,424 sq ft from Neelu Markose
- Third Deal: ₹35.17 crore for 18,513 sq ft from Thomas Markose
These transactions are part of Narayana Hrudayalaya’s strategy to expand its land bank in the Hulimavu and Bannerghatta Road areas, which are becoming increasingly important due to their proximity to major healthcare institutions, residential hubs, and infrastructure development.
Strategic Location: Bannerghatta Road, Bengaluru
Why is This Acquisition Important?
Bannerghatta Road, along with surrounding areas like Kanakapura Road and Electronic City, has witnessed moderate price increases of 15-20% over the last two years. Real estate analysts have noted a consistent growth trend in these areas, largely attributed to infrastructure projects such as the Bengaluru-Mysuru Expressway and the southern metro corridor.
This acquisition strengthens Narayana Hrudayalaya’s position along one of the most sought-after real estate corridors in Bengaluru, known for both residential and healthcare developments. Given the area’s accessibility and the company’s track record, this land acquisition signals future expansions, possibly for healthcare facilities, patient services, or corporate offices.
Previous Real Estate Deals by Narayana Hrudayalaya
- In 2024, Narayana Hrudayalaya purchased over 1.2 acres of land in Begur Hobli, south Bengaluru, for ₹169 crore. This land, situated in an emerging healthcare zone, was also an important strategic purchase for the company.
- These acquisitions demonstrate Narayana Hrudayalaya’s consistent strategy to expand its footprint in key healthcare locations, building a stronger infrastructure for its hospitals and heart centers.
Key Facts Summary
| Transaction Date | Land Area (sq ft) | Transaction Value (₹ crore) | Seller |
|---|---|---|---|
| February 3, 2025 | 93,500 | ₹177.7 | Kelachandra Veneer Industries |
| February 3, 2025 | 17,424 | ₹33.1 | Neelu Markose |
| February 3, 2025 | 18,513 | ₹35.17 | Thomas Markose |
| March 1, 2024 | 52,272 | ₹169 | Venture Projects Bangalore Pvt Ltd |
Relevant Quotes:
Devi Shetty, Founder of Narayana Hrudayalaya, said:
“Strategic land acquisitions are central to our expansion strategy, as we aim to enhance healthcare delivery across India. The Hulimavu and Bannerghatta Road areas are critical for future growth, given their proximity to key healthcare hubs and residential zones.”
Local Real Estate Expert, on the recent transactions:
“The rise in property values along Bannerghatta Road and surrounding areas is a clear indication of Bengaluru’s evolving real estate market. With projects like the Bengaluru-Mysuru Expressway boosting connectivity, we expect continued growth in land prices and demand for healthcare infrastructure.”
FAQ Section
1. Why did Narayana Hrudayalaya acquire land in Bengaluru?
Narayana Hrudayalaya is expanding its footprint along Bannerghatta Road, a prominent healthcare and residential corridor in south Bengaluru, to support its growth in the region.
2. What was the total value of the land acquired by Narayana Hrudayalaya?
The company acquired land worth ₹246 crore across three transactions.
3. What is the total land area involved in the acquisition?
The total land area purchased in the three deals amounts to 46,000 sq ft.
4. How does this acquisition fit into Narayana Hrudayalaya’s growth strategy?
This acquisition is part of Narayana Hrudayalaya’s broader strategy to strengthen its real estate holdings in key healthcare zones, ensuring it has the infrastructure to support its expanding network of hospitals and heart centers.
5. What impact have infrastructure projects had on property values in Bengaluru?
Infrastructure projects like the Bengaluru-Mysuru Expressway and the southern metro corridor have contributed to a noticeable rise in land prices in areas like Bannerghatta Road, attracting significant real estate investments.