Manipal Hospitals to develop 500-bed facility in Gurugram

Manipal Health Enterprises Limited has entered into a long-term lease agreement with TIL Investments Pvt Ltd, a subsidiary of Thakral Corporation Ltd, to develop a multi-specialty hospital in Gurugram, Delhi NCR.

The arrangement involves the lease of approximately 3.5 acres of land for an initial period of about 30 years. The first phase of the proposed hospital is expected to feature up to 500 beds. The project aims to create an integrated health and wellness ecosystem, combining tertiary care with hospitality and retail offerings to address growing healthcare demand in the region.

Thakral Corporation noted that the deal marks its entry into healthcare-focused real estate, while Manipal Hospitals stated the facility will strengthen its presence in the important Delhi NCR growth market.