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Prices and Inflation 193

Rise in prices of Large Residential Decline in prices of Large
Properties Residential properties
17,500 36,500
15,500 31,500
13,500 26,500
Rs Per Sq Ft 9,500 Rs Per Sq Ft 21,500
11,500

7,500
16,500
5,500
3,500 11,500
1,500 6,500
Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 1,500

Ranchi Gandhinagar Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Delhi Noida Thane Mumbai

Source: NHB
Note: Small size = [<=60 sq.mt.(646 sq.ft)]; Medium= [>60 sq.mt.(646 sq.ft) and <=110 sq.mt.(1184 sq.ft)]; Large
properties (>110 sq.mt.(1184 sq.ft)).

PHARMACEUTICAL PRICING

5.39 Government regulates pricing of drugs to ensure availability and accessibility of medicines
at affordable prices. National Pharmaceutical Pricing Authority (NPPA), an attached office of
the Department of Pharmaceuticals (DoP), is mandated to regulate the prices of drugs.
5.40 Several steps have been taken to ensure the affordability of drugs and medical devices.
Ceiling prices for 355 medicines and 886 formulations were fixed for medicines under National
List of Essential Medicines, 2015 (Schedule-I of Drug Price Control Order (DPCO), 2013) until
31 December 2021. Retail prices for approximately 1798 formulations were fixed under DPCO,
2013 till 31 December 2021. During the recent years, exercising extraordinary powers under
DPCO, 2013 in public interest, prices of coronary stents and knee implants have also been fixed.
NPPA also capped the trade margin up to 30 per cent on selected 42 anti-cancer non-schedule
medicine on pilot basis in February, 2019.
COVID-19 Initiatives:

l Based on recommendations of Standing Committee on Affordable Medicines and Health
Products (SCAMHP), NITI Aayog, NPPA capped the trade margin for Oxygen Concentrators
at 70 per cent on Price to Distributor (PTD) level on 3rd June 2021.
l Trade margins on Pulse Oximeter, Glucometer, Blood Pressure Monitor, Nebulizer and
Digital Thermometer were also capped on July 13, 2021. As a result, most of the brands of
these devices have dropped prices up to 89 per cent.

l Most of drugs used for COVID management are scheduled drugs for which ceiling price has
been given by NPPA. Even in the case of a few non-scheduled medicines like Remdesivir,