Country Condos Limited was originally incorporated as a private limited company in 1987 in the State of Andhra Pradesh. Subsequently, the company was converted into a public limited company in 1988. The company's objective was to manufacture and sell pharmaceuticals and formulations. To encourage measures taken by the Central Government to boost the country's economic conditions, the board decided to diversify, inter-alia, into business in India and abroad of hotels, resorts, boarding and lodging houses, guest houses, holiday homes, condos, health resorts, and health clubs activity in 1997. Since then the company has diversified into the real estate business, which was booming in India, especially in Hyderabad. Currently, the company's equity shares are listed on Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE), Mumbai.