Manipal Hospitals signs 30-year lease to set up 500-bed hospital in Gurugram

Bengaluru: Manipal Hospitals has secured a lease of approximately 3.5 acres of land owned by TIL Investments Pvt Ltd in Gurugram, Delhi NCR, for the development and operation of a multi-specialty hospital in Gurugram.

The land has been leased for an initial period of approximately 30 years. The first phase of the proposed hospital is expected to have a capacity of up to 500 beds.

The land site is well connected to the Indira Gandhi International Airport and other major infrastructure nodes and is situated near upcoming residential developments and infrastructure projects. Delhi NCR is an important growth market for Manipal Hospitals, and the proposed hospital is expected to strengthen its presence in the region, the Press Release stated.

Anchored by this flagship hospital, the Group proposes to develop an integrated health and wellness ecosystem that complements the hospital's tertiary care and supported by hospitality and retail offerings. This development aligns with the Group’s strategy to address the region's expanding healthcare and wellness demand and create a landmark wellness hub in Delhi NCR.

Mr. Inderbethal Singh Thakral, CEO and Executive Director of Thakral, said, “We are pleased to collaborate with Manipal Hospitals, one of India’s leading hospital groups. This arrangement provides our Group an opportunity to participate in the growth of India’s healthcare sector and marks our foray into healthcare-focused real estate.”

Mr. Dilip Jose, Chief Executive Officer (CEO) of Manipal Hospitals, said, “Delhi NCR is an important geography for Manipal Hospitals. The proposed hospital in Gurugram will enable us to strengthen our presence in the region and serve its growing healthcare needs. We are pleased to collaborate with the Thakral Group and look forward to bringing Manipal Hospitals’ clinical expertise and patient-centric model of care to this location.”