Advice Pool - Real Estate

Pune till a few years ago was the Oxford of the East. Firmly established as an academic city; with the best and the bright

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

est having many avenues to advance their educational growth. A highly educated workforce was what made Pune attractive to

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

Examples of combination products may in

he IT companies and they slowly started setting up shop here. Infosys was the first of the big ones to come in. Other IT c

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

mpanies followed suit and now Pune is firmly entrenched as one of India's premier IT hubs.

This was what triggered the ho

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

sing boom in Pune. Pune started expanding from it's Western end at Hingewadi where the IT Park was situated. Land prices i

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

Combination pro

n surrounding areas like Wakad, Bhugaon, Aundh, Balewadi have risen in multiples, in the last few years and still look ver

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

undervalued compared to cities like Bangalore and Chandigarh. Current prices around the IT park for land is around 1000Rs

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

per sq feet. This was about 700Rs, a few months ago. Pune is also growing from it's South East end. Kondhva is fast emergi

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

g as a quickly growing suburb.

Flat prices in Pune range from 1000Rs-2600Rs in most areas. Prices have escalated in the l

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

ast 2 years and people are still buying. As long as the technology boom continues and companies keep expanding in Pune, th

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

real estate boom has no reason to dissipate.

With the educational institutions and more students coming in hostels are a

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

Following aspects would a

so spring up all over the place. A lot of people from other places are investing in flats and houses that are rented out t

dd to the challenges in developing combination products:

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

students. The good thing about renting to students is that there is no problem related to them taking over the house, sin

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

ce they keep leaving every few years. The property is safe.

Pune's infrastructure still hasn't kept up with all the growt

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

. this is a cause for concern. Leaving this factor everything else looks positive for Pune. the pensioner's paradise is no

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

being taken over by young IT professionals. NRI's who studied and lived in Pune and later moved to the US, are the bigges

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

Professional from academic institutions, pharmaceutical industries, health care indust

investors in Pune today.

Pune's proximity to Mumbai has meant that a lot of people with extra funds in Mumbai, are inves

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

ting their money in real estate in Pune. This has added fuel to

.

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

he spiralling prices.

Prices in Pune still look realistic when compared to other metros and IT hubs. Places like Noida lo

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

Companies that provide selfless information through particip

k hugely overpriced when compared to Pune. Without doubt, Pune is an extremely good investment destination for real estate

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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