Manipal Health Enterprises Secures 30-Year Lease for Bengaluru Hospital, Invokes ₹816-Crore Deal

Manipal Health Enterprises Ltd (MHE) has inked a 30‑year lease for a former hospital site on the northern outskirts of Bengaluru, acquiring the property for ₹816 crore.

The deal, announced by the company’s chief executive officer, marks a strategic expansion of MHE’s healthcare footprint beyond its Karnataka base. The 4.5‑acre site, previously run by a private operator, will be converted into a multi‑specialty hospital under the MHE brand, slated to start operations within the next 18 months.

The long‑term lease is expected to bolster Bangalore’s medical infrastructure and generate employment for over 1,500 staff members, while the substantial investment will inject fresh capital into the city’s real‑estate market. In nearby Udupi, the news has been seen as a positive sign for the state’s healthcare sector growth. Source: Google News – Manipal.