Aster DM Healthcare Limited, through its wholly-owned subsidiary, Sri Sainatha Multispecialty Hospitals Private Limited, has entered into a lease agreement with Aparna Constructions and Estates Private Limited on September 22, 2024. The agreement is aimed at establishing a new Aster Women and Children Hospital in Hyderabad.
The hospital will be developed in two phases, with a proposed capacity addition of 275 to 300 beds. The total investment required for the project is estimated to be ₹220 crore, which will be financed through bank loans and internal accruals. The hospital will cater to the growing healthcare needs of Hyderabad’s expanding population, with a focus on specialized maternal and pediatric care.
The lease agreement spans a period of 30 years, with a refundable security deposit of ₹9.70 crores. This strategic move comes in response to Hyderabad’s rising demand for comprehensive women’s and children’s healthcare services, positioning the new hospital to serve the city’s booming middle class and medical tourism market.
The hospital’s location in a catchment area populated by young migrants will enable it to address the increasing demand for specialized care, particularly with limited options available for high-end super-specialty services in the region.
