Aster DM Healthcare has announced the signing of a lease agreement to establish a new multi-specialty hospital in Bengaluru. The facility will be located on Sarjapur Road, a rapidly developing locality in the city, and will add 430 beds to the company’s existing capacity.
According to the exchange filing dated May 6, 2025, the hospital will be developed in phases—300 beds by FY27 and the remaining 130 beds by FY29. The project will be executed on a built-to-suit leased property with a tenure of 30 years, secured with an interest-free refundable deposit of ₹58.65 crore.
The proposed hospital will be strategically located in one of Bengaluru’s emerging IT hubs, enabling Aster to cater to the growing demand for quality healthcare from the rising urban population. The company sees this investment as a significant step toward reinforcing its presence in South India, especially as Sarjapur evolves into a major commercial and residential zone.
The total investment in the project is estimated to be ₹480 crore, funded through internal accruals and bank loans. The planned facility will offer comprehensive cancer care alongside other specialty services.
As of December 31, 2024, Aster had a total bed capacity of 5,128 beds, with an occupancy rate of 67%. The expansion is expected to bolster Aster’s ability to serve a broader patient base while aligning with its long-term growth strategy.
