New Delhi: After the information technology industry spurred the growth of real estate in India, the fast-growing biotechnology sector is creating demand for real estate space across the country, according to a report by realty consultant, Jones Lang LaSalle Meghraj.Considering its rapid growth, the biotechnology industry will require around 100 million sq. ft of space, the report predicts. The development of biotech parks and manufacturing units to support this growing industry is expected to have a significant impact on the real estate sector, the report said.
