Pedestrians walk past office complexes at Bandra Kurla Complex (BKC) in Mumbai
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Jupiter Life Line Hospitals has won a Mumbai Metropolitan Region Development Authority (MMRDA) bid for land at ₹354 crore in Bandra Kurla Complex (BKC), the hospital said.
A 400-bed hospital is proposed at the site, subject to approvals, the hospital-network company said, adding that the allotment is for about 10,026 sqm of land on a 80-year lease.
Jupiter has been expanding its footprint in the Western region, with four hospitals in place (including one in Indore, Madhya Pradesh) and three (including the latest in BKC), under construction, Jupiter Joint Managing Director and Chief Executive Ankit Thakker, told businessline.
Last month, a 500-bed hospital commenced operations in Dombivli, he said. “This was a phenomenal project execution effort wherein we were able to complete the entire construction for the 500-bed, fitouts for over 300 beds and all biomedical equipment installation in just over 24 months and at a capex of roughly ₹425 crore,” Thakker recently told analysts.
On funding the hospital projects, he said, “we have a net cash position of 3-400 crore,” and because they are greenfield (new) projects, the payment is not done upfront. The funds will be generated through internal accruals and over the next four or five years, that will cover most of it. The last phase of completion may require debt funding, he said.
On the latest site acquired in Mumbai, Thakker said, “BKC is amongst the most important locations in the country. The proposed Jupiter Hospital in BKC will be a fitting addition to the healthcare landscape of Mumbai and India. This marks our seventh hospital and gives us visibility to a 3,000-bed strength.”
The hospitals group ended March 2025, with revenues of ₹1,060 crore. The current year operations are on track and in line with expectations, he said.
Published on March 27, 2026
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