India, May 11 -- Manipal Health Enterprises, backed by Temasek and TPG, acquired a 752 sq m land parcel with a hospital building in Mumbai's Andheri for Rs.495 crore. This completes the second leg of a broader Rs.908 crore deal following an earlier Rs.415 crore acquisition of a part of the same site two years ago, documents accessed by CRE Matrix showed.

The transaction, which signals strong investor appetite for healthcare real estate in major Indian cities, includes a 752.77 sq m plot along with a constructed hospital building with a built-up area of 20,663.80 sq m, according to the documents.

The deal was registered on May 6, 2026, and involved a stamp duty payment of Rs.29.22 crore, the documents showed.

The sellers in the transact...