Narayana Hrudayalaya, popularly known as Narayana Health, has recently made a significant investment by purchasing over 1.2 acres of land in Bengaluru for Rs 169 crore, as per data from Propstack.
Situated in Begur Hobli in south Bengaluru, the land spans approximately 52,272 square feet. The seller of the property is Venture Projects Bangalore Private Limited, a private company, with the sale deed being signed on March 1, 2024.
Established in 2000 by Devi Shetty, a renowned heart surgeon and entrepreneur, Narayana Health operates a network of 18 hospitals and three heart centres across India, along with a presence in the Cayman Islands.
Despite attempts to reach out, Narayana Hrudayalaya did not respond to queries regarding the purchase.
While the real estate market in Bengaluru’s eastern IT corridor, particularly Whitefield, has experienced a surge in prices over the past few years, experts note a gradual rise in the southern parts of the city.
Areas like Kanakapura Road, Electronic City, Bannerghatta Road, JP Nagar, and BTM Layout in south Bengaluru have witnessed a 10-15 percent increase in real estate prices since December 2023, according to local brokers. Analysts observe that while real estate rates in north and east Bengaluru have consistently risen each quarter in recent years, the appreciation in the southern parts has been comparatively slower.
Sunil Singh, Director at Realty Corp, highlights the shifting dynamics, noting, “Only now we see prices in the south rising significantly, especially with the over-saturated rental market in eastern Bengaluru’s Whitefield.” Brokers in the region also emphasize that properties in areas like Kanakapura Road are comparatively more affordable, making them an attractive option for investment.