Actual - Real Estate

Real Estate Giants Inject Rs. 2,200 Crore in Tri-City After Mumbai and Bangalore, it is the turn of Chandigarh and its peripheral areas to be

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

come the most sought after destination for integrated townships. From all over the country, real estate giants i.e. DLF, PACL, Ansal, Janta, Un

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

tech, Omex, Eldeco and numerous others are flooding the area vying to construct quality residential complexes to the tune of Rs. 2,200-crore.

Pr

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

operty markets in the area, spurred by IT growth and a shortage of real estate are some of the hottest in the market, but it is expected increasi

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

g availability of residential and commercial property is bound to bring real estate price down as colonisers and others pour in. Already, many of

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

the housing projects have gained the Punjab Government's clearance while others are slated to get it soon.

The growing demand for high-quality e

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ntertainment and leisure facilities has prompted several builders in Zirakpur, Mohali and Mullanpur Garibdas to plan multiplexes in the area, and

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

the government has reserved 1,431-acres of Mohali land for commercial use. Mohali, located on the Chandigarh-Samrala-Ludhiana road has most of th

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

e proposed projects within its grid framework, and a railway station on the Kambala railway line is scheduled to come up in the near future.

The

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

next destination of choice for housing developers is the Zirakpur-Patiala road, also a hot spot for investors due to its strategic location a

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

d direct linkage with Chandigarh, Ludhiana, Ropar, Patiala, Ambala, Ropar and Simla. Fast emerging as an important tourist centre and the electro

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

nic city of Punjab, with a number of MNCs setting base here, it is important residential requirements of people be met. High prices and low avail

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

bility of real estate in the tri-city and peripheral areas made it difficult to buy property in the area, but availability of 10,000 housing unit

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

s is likely to bring them down.

To suit the pocket of buyers, both plots and flats are on offer, and already, 29,000-acres of land in Sector 107

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

30,000-acres for group housing, and 10,200-acres for housing plots in the Mohali sectoral grid have been ear-marked for the same. Apart, from ho

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

sing projects with an investment of Rs. 100-crore, there are smaller ones of less than 10-acres that have been cleared by the town planners, and

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

could well be a better option.

The government too has set aside Rs. 32.24-crore for augmenting city infrastructure, widening and strengthening r

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ads, besides setting up canal water and sewerage treatment facilities.

All those who wish to settle in the region, are likely to see these new t

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ownships bring down property prices within reach of the common man. Only a matter of time, quality housing will be available for those willing an

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

with the pocket to buy.

This article is sponsored by: www.indiarealestateblog.com

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Actual - Indian Real Estate: Chandigarh - Peripheral Investments

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