Aster DM Healthcare Ltd enters into lease agreement for new hospital with 430 beds

Aster DM Healthcare Limited has entered into a lease agreement on May 06, 2025, for a composite property located at Sarjapur Road, Bengaluru, Karnataka.

The leased premises will be utilized for setting up a new multi-specialty hospital with an estimated bed capacity of approximately 430 beds.

The 430 beds addition will happen in 2 phases with 300 beds in FY27 and 130 beds in FY29. The company expects the investment of Rs. 480 Cr for this project to be funded through Bank loans and Internal Accruals.

The lease agreement is for 30 years from Lease Commencement date with a Lock-in period of 30 years from Lessor and 12 years for the Lessee. The Company shall be obliged to pay rent based on per sq. ft. of chargeable area plus applicable taxes and interest free refundable security deposit of INR 58.65 crores.

Establishing a Comprehensive Multi Specialty Hospital in South-East Bangalore offers a strategic opportunity to address the growing healthcare needs of a rapidly expanding population, driven by urbanization and an increasing middle class with greater disposable income.

Sarjapur is projected to become the next IT hub in Bangalore making it an ideal location for specialized Multi specialty hospital with comprehensive cancer care.

This project is well-positioned to serve an essential market need while capitalizing on the location's proximity to already established IT corridors.

Shares of Aster DM Healthcare Limited was last trading in BSE at Rs. 519.40 as compared to the previous close of Rs. 524.60. The total number of shares traded during the day was 22697 in over 946 trades.

The stock hit an intraday high of Rs. 531.70 and intraday low of 510.20. The net turnover during the day was Rs. 11845103.00.

Source : Equity Bulls

Keywords

AsterDMHealthcare INE914M01019 HealthcareServices LeaseAgreement NewHospital 430Beds SarjapurRoad Bengaluru