Manipal Health Enterprises Secures 30-Year Lease for Bengaluru Hospital, Investing ₹816 Cr
By ETF Desk
Manipal Health Enterprises Ltd (MHEL), a leading provider of healthcare and allied services, has secured a 30‑year lease for a 360‑bed hospital complex in Bengaluru’s Sarjapur area, with a lease value of ₹816 crore.
The agreement, announced on Thursday, follows MHEL’s expansion across Karnataka, including its recent acquisitions in Udupi and Mangalore. The Bengaluru facility will house advanced diagnostics, surgical suites and a 24‑hour emergency unit, aligning with the group’s goal of creating world‑class health infrastructure.
The long‑term lease provides breathing room for MHEL to allocate capital for equipment upgrades and staff training while boosting the city’s healthcare options. Local developers note that the transaction will spur ancillary businesses and generate employment. Source: Google News – Manipal.