Aster DM Healthcare to Invest INR 580 Cr in Fifth Bengaluru Hospital

The upcoming 500-bed multi-specialty facility will be in Yeshwanthpur, taking the group’s total bed capacity in the city to 2,580.

Aster DM Healthcare has announced the establishment of its fifth hospital in Bengaluru, with an investment of INR 580 crore.

The upcoming 500-bed multi-specialty facility will be in Yeshwanthpur, taking the group’s total bed capacity in the city to 2,580.

The new project is part of Aster’s asset-light expansion model and will be developed on a Built-to-Suit (BTS) framework, covering a built-up area of around 5 lakh sq. ft. The hospital will be operated and managed entirely by Aster DM Healthcare and is expected to become operational in the second half of FY 2028-2029.

Aster has signed an Agreement to Lease (ATL) with Kemwell Pvt. Ltd., a company under the Kemfin Family Office, for a long-term 30-year lease agreement, which includes renewal provisions.

Dr Azad Moopen, Founder and Chairman of Aster DM Healthcare, said, “The Yeshwanthpur hospital marks a significant milestone in Aster DM Healthcare’s India growth strategy, especially in a vibrant and rapidly evolving healthcare market like Bengaluru. With this addition, we are expanding our capacity in the city to 2,580 beds—making it one of the largest private hospital networks in a single Indian metro.”

He added, “Our vision is to build a seamlessly connected, high-quality healthcare ecosystem across urban India, and Bengaluru is at the heart of this ambition. The new hospital reflects our asset-light expansion approach, using Built-to-Suit models to deliver world-class healthcare infrastructure in high-demand corridors, while ensuring capital efficiency. 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.”

Strategically located, the Yeshwanthpur facility will have access to major transport routes including Tumkur Road, Outer Ring Road, Bellary Road, and Chord Road. The Yeshwanthpur Junction railway station and the Green Line of Namma Metro also connect the area well. The region's catchment, comprising tech parks, industrial hubs, and residential clusters, is expected to serve a population of 3 to 4 million with growing demand for tertiary healthcare.

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