Team siliconindia

• Aster DM Healthcare to invest Rs 580 crore in a 500-bed multi-speciality hospital in Yeshwanthpur, Bengaluru.
• Fifth hospital in the city, boosting Aster’s total bed capacity in Bengaluru to 2,580.
• Built on a 30-year lease with Kemwell Pvt. Ltd. under a built-to-suit model, operational by FY 2028-2029.

Aster DM Healthcare has announced an investment of Rs 580 crore ($66.1 million) to set up a 500-bed multi-speciality hospital in Yeshwanthpur, Bengaluru. The facility will be the healthcare group's fifth in the city, expanding Aster’s total bed capacity in Bengaluru to 2,580.

Scheduled to become operational in the second half of FY 2028-2029, the hospital will span a built-up area of approximately 500,000 square feet. It will follow a built-to-suit model, reflecting Aster’s asset-light expansion strategy.

The group has entered into a long-term 30-year lease agreement, with renewal options, with Kemwell Pvt. Ltd. for the development of the facility.

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“This new hospital reflects our asset-light expansion approach”, said Dr. Azad Moopen, Founder and Chairman of Aster DM Healthcare. “Over the next few years, we aim to significantly increase our presence across South India by entering new cities and strengthening our footprint in existing ones”.

This strategic investment aligns with Aster’s broader growth vision of enhancing healthcare accessibility and infrastructure in key South Indian markets. The upcoming facility is expected to offer advanced medical services across multiple specialities, reinforcing Aster’s position as a leading healthcare provider in the region.