Mumbai: Manipal Hospitals, India's foremost multi-speciality healthcare providers catering to both Indian and international patients, has purchased 2.62 acres of land parcel at Andheri from Khubchandani Properties and Investments Pvt Ltd for Rs 415 crore. According to the CRE Matrix—a real estate data analytics firm, Manipal Hospitals paid stamp duty of Rs 27.33 crore.
The deal was registered on October 7, 2024. Manipal Hospitals is a part of the Manipal Education and Medical Group (MEMG), a leader in the areas of education and healthcare. With a group of 33 hospitals spread over 17 cities, they are the second-largest hospital chain in India. To manage such a large network of hospitals, they have different entities that ensure proper functioning, smooth operations and overall patient satisfaction.
In its latest report, CBRE, the real estate consultancy firm, has indicated a robust 46% Y-o-Y growth in real estate equity investments, totalling USD 8.9 billion in January to September, 2024, the highest-ever recorded since CY 2018, surpassing the USD 7.4 billion total equity investments for CY 2023. On a quarterly basis, equity investments in real estate stood at USD 2.6 bn in the July to September, 2024 period.
The report stated that domestic investors (predominantly developers) took the lead with 79% share in equity capital inflows in Jul-Sep. Singapore-based investors accounted for nearly 73% of the total foreign capital inflows, followed by the United States (22%). Developer activity picked pace in July-Sept quarter, accounting for a share of nearly 47% in total equity investments, followed by institutional & collective vehicle investors (36%).
Mumbai led the equity investment activity in Jul-Sep, along with Bengaluru and Chennai. Together, these three cities accounted for over 66% of total investments during this period. Investors are expected to continue directing equity inflows towards metros and tier-I cities. During Jul-Sep, land or development sites dominated investments with a share of 45%, followed by the office sector with a 24% share. The retail sector experienced a resurgence in capital inflows, capturing a 22% share in the same quarter.
About 56% of the total capital inflows in site/land acquisitions were deployed for residential developments, while the remaining was committed towards the development of retail, data centres, warehousing projects, hospitals, etc.
You may also like
Bajaj Auto will soon introduce its new bike, know what are the features
What is Dead Butt Syndrome?
You can also get government jobs in BSPHCL
Sometimes it was ruined by a few tremors of an earthquake Japan but then...
Sana and Anas Siddiqui bid farewell to Baba Siddiqui
Himachal Pradesh CM Sukhu directs to start special campaign to settle all pending revenue cases
Cruise expert's three unbreakable buffet rules every passenger should follow
ED attaches properties worth Rs 23 crore in Andhra Pradesh Skill Development case
SAFF Women's C'ship: Ashalata set for 100th cap as India gears up for opener against Pakistan
CM Adityanath calls for strong laws to prevent human waste contamination in food
Stoke shopping centre horror as woman suddenly dies inside Potteries Centre as police lock down road
Woman day out 'ruined' after there was no disabled parking left at major venue
Xbox Game Pass October 2024 – Warzone goes cloud-based and StarCraft finally arrives in new update
MAFS UK fans beg for rule change as contestants are forced to stay on show
Neo-Nazi Donald Trump supporters fly swastika flags during Florida boat parade
Tata Motors Curvv, Curvv EV Secure 5-Star Safety Ratings in BNCAP Test
I worked with Alex Salmond - I'll never forget what the SNP leader taught me
BREAKING - Tottenham Christmas fixture schedule revealed as Premier League finally confirm TV picks
Bengaluru schools to remain closed tomorrow amid heavy rain warnings; precautionary measures enforced
Swedish prosecutor confirms 'rape' probe without naming Mbappe