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Aurobindo Pharm

kmn73
Bronze Member

975 Messages

Large pharmaceutical companies are increasingly buying land in Hyderabad as they look to lock-in unused capital in real estate. Companies like Hetero, Aurobindo, Divi s Lab and Dr Reddy s have recently purchased acres of land in the city. It is good diversification away from investing in the stock market, said a senior executive at a brokerage firm. A lot of Hyderabad-based firms prefer investing in land more than any other asset class. They prefer to hold the land for 10-20 years to encash it to get 6x returns." The city has also seen big-ticket lease transactions for setting up research and development units from pharmaceutical companies looking to expand their business operations. Some global firms which have set up or are looking to expand their R&D units in Hyderabad include Aurobindo, Laurus, Sai Life and Syngene.

10.41 PM Jan 14th
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