Delhi, India’s capital, stands as a thriving business hub, hosting a myriad of companies and industries. From tech giants and financial institutions to healthcare and manufacturing, Delhi’s corporate landscape is diverse and ever-evolving. This dynamism has created a symbiotic relationship with the real estate market, as the demand for office spaces, commercial properties and residential complexes continues to soar.
See also: Top 6 biotech companies in Bangalore
The corporate influx in Delhi has a profound impact on its real estate sector. Multinational corporations and startups drive the demand for premium office spaces, prompting the development of contemporary office complexes, co-working facilities and residential areas. The adaptive real estate market in Delhi continuously evolves to cater to the evolving needs of businesses, exemplifying the intricate interplay between commerce and property.
Business landscape in Delhi
Delhi boasts a diverse and robust business landscape encompassing various sectors. Information technology and software services play a significant role, with numerous IT companies and startups thriving. The financial sector, including banking and insurance, is well-established. Healthcare services are prominent, and supported by world-class hospitals and pharmaceutical firms. Additionally, manufacturing and retail industries flourish, driven by a large consumer market.
Top biotech companies in Delhi/NCR
Genetix Biotech Asia
Company Type: Industry Top
Location: Najafgarh Rd, New Delhi / Delhi-110015
Founded in: 2001
Genetix Biotech Asia is a biotechnology company based in India. It focuses on research, development and manufacturing of molecular biology and life science products. Major projects involve the creation of innovative tools for genetic research. Their project range involves DNA sequencers, thermal cyclers, and lab consumables, supporting scientific advancements on a global scale.
Panacea India
Company Type: Industry Top
Location: Badarpur, New Delhi/ Delhi -110044
Founded in: 1984
Panacea is a leading biopharmaceutical company headquartered in India. It specialises in the research, development, manufacturing, and marketing of pharmaceuticals, vaccines, and biotechnology-based healthcare solutions. Major projects include vaccine development for diseases like COVID-19. Notable products include vaccines, antibiotics, and therapeutic proteins, contributing to global healthcare advancements.
Novartis India
Company Type: Industry Top
Location: Rama Krishna Puram, New Delhi/Delhi-110066
Founded in: 1996
Novartis India is a subsidiary of the global pharmaceutical and healthcare company Novartis AG. It focuses on research, development, manufacturing, and marketing of pharmaceuticals, including prescription, drugs and consumer health products. Major projects involve drug development and healthcare innovation.
Titan Biotech
Company Type: MNC
Location: Bigjos Tower, Netaji Subhash Place, New Delhi/ Delhi -110034
Founding date: 1998
A well-known biotechnology business with its headquarters in India is Titan Biotech. It specialises in the study, creation, and production of biopharmaceuticals, enzymes, and molecular biology tools. The creation of specialised enzymes for use in research and industry is one of the major undertakings. Their product line includes proteins, enzymes, and diagnostic tools that enhance biotechnology and healthcare.
GSK
Company Type: MNC
Location: Hanuman Road Area, Connaught Place, New Delhi/Delhi -110001
Founded in: 2000
A major pharmaceutical and healthcare organisation is GlaxoSmithKline (GSK). Its primary areas of interest are the discovery, production, and marketing of pharmaceuticals, vaccines, and consumer health goods. The development of vaccines, particularly for COVID-19, is one of the major efforts. Advair, Panadol, and Bexsero are examples of iconic goods that promote world health and well-being.
IQVIA
Company Type: MNC
Location: Sector 18, Gurugram, Shahpur, Haryana- 122002
Founded in: 1982
IQVIA is a key player in the healthcare and life sciences sector, offering advanced analytics, technology solutions, and clinical research support. They partner with pharmaceutical companies for clinical trials, healthcare data management, and evidence-based decision-making. IQVIA plays a pivotal role in advancing medical research and drug development, impacting the healthcare sector significantly.
Johnson & Johnson Vision Care
Company Type: MNC
Location: Golf Course Road Sector 54, Gurgaon / Gurugram /Haryana-122002
Founded in: 1959
Johnson & Johnson is a multinational pharmaceutical, consumer goods, and medical devices corporation. It is known for its diverse portfolio, including pharmaceutical drugs, medical devices, and consumer health products. Major projects include COVID-19 vaccine development. Iconic products include Band-Aid, Tylenol, and Acuvue.
Commercial real estate demand in Delhi
Office space
Delhi experiences a constant demand for office spaces due to its thriving business environment. Corporations, startups, and MNCs seek modern, well-located offices to establish their presence, driving the need for diverse commercial spaces.
Rental property
The rental property market in Delhi remains robust, with both residential and commercial segments in high demand. The city’s ever-expanding workforce and the influx of professionals fuel the rental property market’s growth.
This burgeoning demand for office and rental spaces significantly impacts Delhi’s real estate sector. It drives the development of commercial properties, co-working spaces, and residential complexes, presenting dynamic opportunities for investors and developers in the city’s property market.
Impact of biotech companies on Delhi
Biotech companies have significantly impacted Delhi’s real estate landscape. Their presence has led to an increased demand for state-of-the-art research and development facilities, as well as office spaces for administrative functions. This has spurred the development of modern commercial complexes and research hubs, driving the demand for prime real estate in the city. Additionally, the influx of skilled professionals to support these companies has boosted the residential real estate market.
FAQs
Which biotech company is the top one in India?
The top biotech company in India is Serum Institute of India.
Which Indian biotech company is expanding the quickest?
The fastest-growing biopharmaceutical firm in India is Bharat Serums and Vaccines Limited (BSV). The late Dr. Vinod Daftar founded Bharat Serums Vaccines in 1971.
Which Indian city is home to the most biotech firms?
The majority of India's biotech businesses are centred in and around Bengaluru and Hyderabad. On the outskirts of Hyderabad is a centre for incubation and top-notch laboratories.
Which biotech company was the first in India?
India's first biotech company is called Biocon.
Which are India's richest biotech companies?
According to market capitalization, the top 5 pharmaceutical firms in India in 2023 are Sun Pharmaceutical Industries Ltd, Dr Reddy's Laboratories Ltd, Cipla Ltd, Torrent Pharmaceuticals Ltd, and Zydus Lifesciences Ltd.
Which city in India is the top pharma hub?
The no. 1 pharma hub in India is located in Hyderabad.
What does biotechnology's future hold?
As a means of sustaining sufficient production in the face of changes in global norms and laws relating to land and water usage or carbon emissions, biotech is likely to gain more attention and funding in the years to come.
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