Narayana Health Acquires ₹246 Crore Land in Bengaluru Bannerghatta Road for Healthcare Expansion

The healthcare giant Narayana Health has reportedly completed a significant land acquisition spree in Bengaluru, securing strategic parcels worth ₹246 crore along the prime Bannerghatta Main Road. Industry sources confirmed that the company finalized these transactions on February 3, 2025, covering an impressive 46,000 square feet across three separate deals in the Hulimavu locality.

Major Land Deals Strengthen Healthcare Infrastructure

The most substantial transaction involved the acquisition of 93,500 square feet, which included approximately 10,000 square feet of existing built-up area, from Kelachandra Veneer Industries for ₹177.7 crore. The healthcare provider also secured additional parcels measuring 17,424 square feet and 18,513 square feet from members of the Markose family, valued at ₹33.1 crore and ₹35.17 crore respectively.

This strategic move positions Narayana Health to significantly enhance its infrastructure presence in what is considered one of Bengaluru's rapidly developing healthcare corridors. While the company has not disclosed specific development plans for these properties, the acquisition aligns with its ongoing expansion strategy in southern Bengaluru, an area increasingly recognized as a prominent medical and educational hub.

Established Healthcare Network Continues Growth

Founded in 2000 by renowned cardiac surgeon Dr. Devi Shetty, Narayana Health currently operates an extensive network comprising 18 hospitals and three specialized heart centers across India, alongside maintaining an international facility in the Cayman Islands. The company has been systematically strengthening its presence in south Bengaluru, capitalizing on the region's emergence as a significant medical and educational destination.

This recent acquisition follows a previous strategic purchase in May 2024, when Narayana Health acquired 1.2 acres in Begur Hobli, also located in south Bengaluru, for ₹169 crore. Market analysts interpret these acquisitions as components of a comprehensive long-term strategy designed to support future expansions and the development of specialized healthcare infrastructure. The company's investment pattern reflects the growing demand for quality healthcare facilities in Bengaluru's expanding residential areas.

Property Market Dynamics Drive Strategic Positioning

The Bannerghatta Road corridor, along with neighboring localities including JP Nagar, Kanakapura Road, Electronic City, and BTM Layout, has witnessed significant property value appreciation ranging from 15% to 20% over the past two years. This upward trend has been fueled by substantial infrastructure developments, including the Bengaluru-Mysuru Expressway project and ongoing metro network expansions, which have collectively contributed to the area's strong real estate momentum.

The healthcare sector's expansion in this region reflects broader trends in Bengaluru's commercial real estate market, where strategic location advantages and infrastructure development continue to drive institutional investments. The proximity to established residential communities and excellent connectivity make this corridor particularly attractive for healthcare providers seeking to expand their service reach.

Similar healthcare sector consolidation has been observed across India, with companies like MGM Healthcare making strategic acquisitions to strengthen their regional presence. This trend underscores the growing importance of location-based healthcare delivery models in India's evolving medical landscape.

The acquisition also highlights the broader appeal of southern Karnataka's real estate market, where established infrastructure and proximity to major urban centers continue to attract significant institutional investment across various sectors.