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West Bengal Real Estate: Realtors Making Hay While The Sun Shines

Amar Ghosh is a real estate broker, who is negotiating a deal with a Mumbai-based company fo

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

r 65-acres around Singur, 40-km. from Kolkata for Rs. 22.5-lakh (Rs. 2.25-million) per acre. His last deal before work began on the Tata Motors’ small-car proj

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

Examples of combination products may in

ct in this fertile potato-growing belt was for Rs. 4, 50,000-per acre.

Ironically, the project has attracted national attention due to the protests that took

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

place over the government’s land acquisition for Ratan Tata’s dream small car project, which has made it the cynosure of local real estate developers, who are

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

oping to cash in on heightened corporate interest in land deals in the area.

Land prices around the project site have gone up two to three times the per-acre

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

Combination pro

compensation paid by the state government to farmers. Compensation, which itself is as much as a 130% premium to the market prices prevailing then.

Presently,

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

against Rs. 8, 70,000-per acre for single-crop land and Rs. 12,76,000 per acre for multi-cropped land, the land around the Tata Motors’ 997-acre factory and ve

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

ndor park costs Rs. 22-24 lakh (Rs. 2.2-2.4-million) per acre.

In 2002, when work began on the construction of National Highway No. 2 which passes by Tata Mot

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

r’s factory, land prices began to rise in the area. And, that was when prices shot up from Rs. 24,000 - 30,000 an acre to Rs. 150,000 an acre. Subsequently, ne

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

w industrial units pushed up prices to Rs. 300,000 an acre.

But, market dynamics have changed radically with the controversy over land acquisition for Tata Mo

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

ors’ project subsiding. So much so, a Kolkata real estate developer has said there are more land speculators at Singur than companies wanting to set up project

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

Following aspects would a

s.

Many of these speculators made a lot of money selling plots to the government for the Tata project. “They have bought the frontage 3-6 km. away from the Ta

dd to the challenges in developing combination products:

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

a Motors project site, without which no company or real estate developer will be able to set up

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

projects,” a real estate source discloses.

Ironically, these speculators were successful in acquiring land from farmers at low rates ahead of the land-acquisi

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

ion drive for the Tata Motors’ project, because their activities were low-key and attracted no political interest, unlike those of the state government. Signif

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

icantly, the state government has said that around 500-private real estate deals were closed in Singur before the Tata Motors project was announced.

However,

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

Professional from academic institutions, pharmaceutical industries, health care indust

he speculative rise in land prices may, ultimately, prove self-defeating. Many companies from other parts of India, including Indonesia and West Asia evinced i

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

nterest in setting up ancillary projects around the Tata Motors’ factory. However, high land prices proved to be a deterrent for their wishes.

The whopping ap

.

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

reciation in real estate prices is not restricted to Singur, alone. It stretches all the way from Dankuni to 12-km. away, where Delhi-based real estate develop

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

Companies that provide selfless information through particip

er DLF is setting up a near-5,000-acre township.

Article Publish 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

Confused about how to assess design risk in your Six Sigma implementation? This article goes in-depth to explain how to assess risk design and the tools to use to accomplish it.

Phoenix, Arizona is a great place to start an ad film making business as the city encourages businesses to start and develop. It can have good return on investment if under good management.

It is often asked if it is possible to start an internet business and build a product without any money. The answer to that question is yes. It is however more difficult than if you have money, and it's difficult to begin with.

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