The asset sale process is under way and has a deadline of March 2026 but this could be missed due to state-level hurdles, say officials
The government aims to utilise land from closed pharma units for healthcare and education infrastructure in Telangana, West Bengal and Uttarakhand. It has roped in NIPER, a government-owned pharmaceutical research body, to redevelop the land in Hyderabad.
In Mumbai, the company owns over 60,000 sq ft space and has another 43,000 sq ft in the heart of Delhi. The company's South Mumbai property is estimated at about Rs 200-250 crore.