Healthcare Giant Narayana Hrudayalaya Invests in Bengaluru Real Estate: Southern Market on the Rise

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    Bengaluru Real Estate: Narayana Hrudayalaya, a healthcare company, recently bought a piece of land in Bengaluru for a whopping Rs 169 crore. The land is quite big, covering an area of about 1.2 acres in Begur Hobli, located in the southern part of Bengaluru. The seller of the land was Venture Projects Bangalore Private Limited, a private company, and the sale agreement was signed on March 1, 2024.

    Narayana Hrudayalaya, founded by Devi Shetty, a heart surgeon and entrepreneur, back in 2000, is known for its network of 18 hospitals and three heart centers spread across India, as well as its presence overseas in the Cayman Islands.

    Even though real estate prices in the eastern IT corridor of Bengaluru’s Whitefield have been soaring over the past couple of years, experts are noticing a similar trend in the southern parts of the city now.

    Areas like Kanakapura Road, Electronic City, Bannerghatta Road, JP Nagar, and BTM Layout have seen a rise of about 10-15 percent in real estate prices since December 2023, according to local brokers. It’s interesting to note that while real estate rates in the north and east parts of Bengaluru have been increasing every quarter for the past few years, the prices in the southern areas of the city have been going up slowly.

    Sunil Singh, Director of Realty Corp, mentioned that the prices in the south are now rising significantly, especially with the rental market in eastern Bengaluru’s Whitefield becoming overcrowded. Properties in parts of south Bengaluru, like Kanakapura Road, are comparatively cheaper, making them attractive options for investment.

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