India, June 4 -- Temasek-backed healthcare major Manipal Health Enterprises Private Limited has leased a multi-speciality hospital building in Bengaluru for nearly 30 years at a transaction valued at approximately Rs.816 crore, documents accessed by Propstack showed.

The property comprises three basement levels, a ground floor and 10 upper floors, the documents showed.

The lease agreement commenced on November 1, 2025, and has been signed for a period of 29 years and 11 months. The landlord is listed as JKC Varma and others, the documents showed.

Under the lease agreement, Manipal Health will pay a monthly rent of Rs.1.27 crore, translating to a lease rental of Rs.52 per sq ft per month. The lease tenure is 29 years and 11 months, and ...