Large pharma companies increasingly buying land in Hyderabad

The Economic Times: The Indian pharma industry has shown a double-digit growth of around 15% in 2021, led by the growth of Covid-19 products in the last year, as against a single-digit growth of 3% shown in 2020, according to the Indian pharmaceutical market research company Pharmasofttech AWACS Pvt Ltd.

Large pharmaceutical companies are increasingly buying land in Hyderabad as they look to lock in unused capital in real estate. According to property brokers, residential and commercial land deals to the tune of Rs4,000-5,000 crore have been noted in Hyderabad.