Best Business Parks: A business park is a designated area where a planned development area provides a managed environment specifically designed to accommodate a variety of businesses.
These parks typically offer a range of commercial and industrial facilities, including office spaces, warehouses, manufacturing facilities, and amenities such as parking, landscaping, and access to utilities and infrastructure.
The basic reason for creating a business park is to create a favorable environment for businesses. This will allow clients to benefit from shared resources, infrastructure, and services while encouraging collaboration, and the tenants will enjoy the benefits yielded from the project.
It is a common phenomenon that business parks are often located in strategic and well-calculated areas with good transport access and are managed and maintained by a dedicated management company or authority team.
A business park is a designated area where a planned development area provides a managed environment specifically designed to accommodate a variety of businesses.
Types of Business parks
Technology Hub
One of the most popular types of business parks is the technology hubs. As the number of technological centers is increasing every day, so is the demand for technological hub-based business parks.
A technology hub is a dynamic ecosystem exclusively designed to encourage cooperation and creativity in the technological industry.
These hubs also provide modern office spaces with cutting-edge amenities and top-notch IT infrastructure, including fast internet connectivity, which nowadays is a primary requirement and is also offered by these centers.
These Technology hubs are a strong magnet for tech startups and other established software companies, research institutions, and tech-focused corporations seeking an environment conducive to innovation. Moreover, these technology hubs provide specialized facilities. The facilities mainly are high-quality research labs, innovation centers, and co-working spaces.
These hubs also provide their tenants with access to cutting-edge equipment and resources. Collaboration and networking opportunities abound in these hubs, making them ideal for the assisted rapid growth of technology-driven businesses.
Location of Technology Hubs in India:
- Bangalore
- Hyderabad
- Mumbai
- Chennai
Industrial Park
Industrial parks are areas designated specifically to support manufacturing and other industrial operations. They provide substantial areas of land appropriate for the construction of manufacturing plants, distribution centers, and warehouses.
These parks have a specialty: They provide amazing infrastructure tailored to the needs of industrial operations, including robust utilities and transportation networks.
These business parks attract diverse tenants, including manufacturing companies, logistics firms, and industrial service providers.
These parks are popular for providing industrial-grade utilities, loading docks, and storage spaces, making them the perfect setting for companies engaged in manufacturing and distribution.
Location of Technology Hubs in India:
- Ahmedabad
- Pune
- Mumbai
- Chennai
Biotech Park
Biotechnology parks may be effective drivers for developing an ecosystem that encourages investment, jobs, and the generation of intellectual property (IP) via innovation, all of which can boost the national economy.
Biotech parks are hubs specialized to cater to companies and research institutions in the biotechnology and pharmaceutical sectors.
These parks offer modern amenities, including cleanrooms, specialist labs, biotech production facilities, and other requirements tailored specifically to the needs of the companies.
These parks have earned their name and popularity as they provide a setting favorable for biotech research and development, including facilities designed to meet the particular requirements of the biotech industry.
Many tenants, comprising research organizations, pharmaceutical companies, and biotechnology startups, are often found in biotech parks.
They also provide opportunities for collaboration with other biotech businesses and research institutes and give them access to cutting-edge technology and administrative assistance, which are extremely important for their development and usage. This leads to creating various strong joint points for these biotech parks.
Location of Biotech Parks in India:
- Lucknow
- Hyderabad
- Assam
- Kochi
Corporate Campus
With the rise in corporate companies nationwide, corporate campuses are expansive complexes used by significant businesses as their offices and headquarters.
These campuses usually consist of a combination of conference centres, office buildings, and recreational spaces. They offer a variety of facilities to their staff, such as green areas, exercise centres, and cafeterias.
As this generation of people is health conscious, providing the tenants with places for exercise and stress management is an added feature.
Corporate campuses are popular for companies trying to build a solid corporate presence because they provide a professional and competent atmosphere.
Corporate campuses offer a perfect environment for big businesses to run their operations, complete with facilities for employees, event planning, and professional concierge services.
Location of Corporate Parks in India:
- Mysore
- Hyderabad
- Noida
- Kochi
Green Business Park
Green business parks pay special attention to eco-friendly and sustainable operations, offering a welcoming setting for companies that care about the environment.
These parks may also feature sustainable landscaping techniques, renewable energy sources, and environmentally friendly architecture. This gives the tenants a positive atmosphere to work in, which indirectly helps increase the quality of work.
These parks are famous for providing facilities, including recycling centres, green roofs, electric car charging stations, and, most importantly, solar energy panels, for encouraging ecological habits among tenants.
Businesses involved in sustainable development, environmental consultancy, and renewable energy are drawn to green business parks, as these parks support their cause and work and also help reduce carbon emissions.
With services such as sustainability consulting, carbon footprint analysis, and access to green financing, these parks support the growth of environmentally conscious businesses, which has not become a need of the hour, for the sake of the well-being of the Earth.
Location of Green Business Parks in India:
- Chandigarh
- Jamshedpur
- Guwahati
- Mysore
Medical Park
Medical parks are specialized complexes designed to serve medical companies and accommodate healthcare workers. These parks offer a variety of amenities, such as clinics, hospitals, research labs, and medical offices.
Medical parks offer a whole healthcare environment with features like imaging centers, operation rooms, and patient care facilities. Research institutions, medical device manufacturers, and healthcare providers are among the tenants drawn to medical parks. The professional features provided by the parks to their tenants make them famous in the medical industry.
These parks support the delivery of quality healthcare services by providing services such as extremely strong and reliable patient referral networks, fast and accurate medical billing assistance, and continuing education programs.
Location of Medical Parks in India:
- Telangana
- Chennai
Creative Arts Park
Creative art parks are a special attraction for people with high creative and artistic abilities. They are places designated specifically to assist designers, artists, and other creative professionals.
These parks are famous for offering a range of facilities, including spacious studios, galleries, performance spaces, and artist lofts. They are also known for their advertisements, which support creative personnel.
The creative art parks also provide a vibrant and inspiring environment for creative work. They provide the creative personnels with amenities such as workshops, rehearsal spaces, and exhibition areas.
Various tenants, such as visual artists, performing artists, designers, and craftspeople, attract themselves to creative arts parks. These parks provide the arts community with resources, including grants, creative residencies, and marketing assistance, all encouraging innovation and creativity.
Location of Creative Parks in India:
- Jaipur
- Varanasi
- Srinagar
- Mumbai
Logistics Park
These are the parks who are specialized complexes that focus on facilitating the movement and storage of goods. These parks provide amenities including distribution hubs, warehouses, and transit hubs.
The logistic parks are renowned for offering truck terminals, rail yards, and cargo handling machinery—all crucial infrastructure for logistical operations. Shipping firms, logistics service providers, and freight forwarders are among the tenants drawn to logistics parks.
These parks facilitate quick and economical logistics operations with services including supply chain optimization, inventory management, and freight brokerage.
Location of Logistics Parks in India:
- Jaipur
- Varanasi
- Srinagar
- Mumbai
Education Park
Education parks are specially created areas meant to house training facilities, research facilities, and educational institutions. These parks provide lecture halls, classrooms, labs, and libraries, among other amenities.
With features like student support services and research facilities, they offer the perfect setting for study, research, and academic cooperation. Schools, colleges, universities, training providers, and research institutions are among the tenants drawn to education parks.
With services such as curriculum development, teacher training, and student recruitment, these parks support the delivery of quality education and training programs.
Location of Biotech Parks in India:
Location of Education Parks in India:
- Mumbai
- Chennai
- Pune
- Kolkata
Financial Park
The demands of the financial services sector are met by specialized complexes known as financial parks. Financial data centers, trading floors, and office buildings are among the amenities available in these parks. They offer bank branches, ATMs, and investment advising services—all crucial components of the financial operations infrastructure.
Banks, investment businesses, insurance companies, and financial service providers are among the tenants drawn to financial parks. By providing services like corporate finance, wealth management, and risk assessment, these parks aid in the provision of financial services and foster economic expansion.
Location of Financial Parks in India:
- Gujrat
- Mumbai
- Chennai.
- Navi Mumbai
Innovation Park
Innovation parks are specialized facilities created to encourage business and innovation.These parks offer world class facilities such as incubators, accelerators, co-working spaces, and maker labs, which are now basic requirements.
They offer pitch rooms, prototype facilities, mentorship programs, and other crucial tools to startups, entrepreneurs, and innovation-driven businesses. Tenants drawn to innovation parks include academic institutes, startups, venture investors, and businesses focused on innovation.
With the service these parks provide, they assist in the development of creative enterprises and promote an entrepreneurial culture and offer services including company coaching, investment matchmaking, and networking events.
Location of Inovation Parks in India:
- Ahmedabad
- Kochi
- Noida
- Pune
Tourism Park
“Travel broadens the mind”, and as time is passing, the trend of traveling, and the high increase in the number of travelers are increasing at a phenomenal rate. These parks are complexes located in tourist destinations and/ or in off-beat places which are popular amongst the adventure loving traveler, and these parks are exclusively designed to support the travel and tourism industry.
These parks are well known for offering facilities such as hotels, resorts, tourist attractions, and visitor centers. They supply the business personeels who have their business primarily based on travel and tourism, all the necessary infrastructure for businesses involved in tourism, such as travel agencies, tour companies, and gift stores. Travelers who are specifically looking for lodging, entertainment, and leisure activities are drawn to tourism parks because of the facilities they tend to offer.
With services such as tour packages, event planning, and destination marketing, these parks support the tourism industry and contribute to the local economy.
Location of Tourism Parks in India:
- Jaipur
- Agra
- Rishikesh
- Shimla
Agricultural Park
Agricultural parks are complexes that specialize in services that primarily focus on supporting the agricultural industry, providing essential infrastructure for farming, food processing, and agricultural research. Farms, food processing factories, and agricultural research facilities are among the amenities available in these parks.
These parks are famous for offering cold storage facilities, crop testing labs, irrigation systems, and other amenities to farmers, food processors, agricultural technology companies, and research organizations. Tenants in agricultural parks come from various backgrounds, including farming, food processing, agricultural research, and technological development.
With the services mentioned above, these parks assist in the expansion and sustainability of the agricultural sector through crop consultancy, market research, and agricultural extension initiatives.
Location of Tourism Parks in India:
- Ludhiana
- Coimbatore
- Nagpur
- Pantnagar
List of Best Business Parks in India
1. Embassy Oxygen Business Park
Embassy Oxygen Business Park is located in Greater Noida, Uttar Pradesh. It is categorized as a Grade A office park and is listed amongst the largest office parks in the city.
Embassy Oxygen Business Park is one of the only two SEZ parks in its submarket. It has excellent infrastructure, easy access to excellent connectivity, and capable personnel.
This park commenced in 2011 and currently has a market value of Rs. 23,826 mn. About 3.3 MSF is a completed area; only 0.7 is considered a development area.
About 58% of the area is occupied, and there are currently 12 occupiers.
- Address: Plot No 7, TOWER-A, GF, Sector 144, Noida, Uttar Pradesh 201304
- Phone Number: 098104 37070
- Rating: 4.2
- City: Greater Noida
2. Sardar Patel Technology Business Incubator (SP-TBI)
SP-TBI is an incubation facility established in 2015 as an initiative of the Bhartiya Vidya Bhavans Sardar Patel Institute of Technology. It is associated with the Department of Science and Technology, a government agency in India.
This organization’s goals are to cultivate entrepreneurship, promote innovation, and support courageous entrepreneurs. It was recently awarded a grant of Rs. 10 crore from the Government of India through the NIDHI-SSS program.
- Address: Bhavan’s Campus, Old D N Nagar, Munshi Nagar, Andheri West, Mumbai, Maharashtra 400058
- Phone Number: 082918 42971
- Rating: 4.3
- City: Mumbai
3. Ecospace Business Park
The EcoHub is a premium business club that spans over 50,000 square feet and serves as a meeting place for professionals to relax and unwind. It is located right next to the premises of Ecospace Business Towers, and it provides a wide range of entertainment options, as well as expansive outdoor areas that include a variety of sports and play areas.
As a result, this positive energy is transmitted to the minds of businesspeople, which in turn boosts creativity and productivity.
- Address:Street Number 372, Action Area II, Newtown, Kolkata, Chakpachuria, West Bengal 700156
- Rating: 4.4
- City: Kolkata
4. Embassy Tech Zone
Embassy TechVillage (“ETV”) is a large-scale, best-in-class integrated office park that spans over 84 acres and generates 88% of its gross rentals from multinational occupiers. It is situated in Bengaluru’s commercial office sub-market, which is the most successful in the city.
- Address: Principal Place of Business, Royal Oaks, Embassy Golflinks, Business Park, Off Intermediate, Ring Road, Bengaluru – 560 071
- Phone Number: +91 80 4722 2222
- Rating: 4.3
- City: Bengaluru
5. JCK Industrial Park
One of the projects that JCK Infrastructure Development Limited is working on is the JCK Industrial Park, which is 39.95 acres in size and a residential development currently under construction in Srirangapatna.
The occupants at JCK Industrial Park have access to various facility options.
- Address: Metagalli, Mysuru, Karnataka 571606
- Rating: 3.6
- City: Mysuru
6. Technopark
Technopark is India’s first information technology park. There are 12.72 million square feet. In addition to having a built-up area of 12.72 million square feet (1.182 million square meters), Technopark is home to more than 490 businesses that employ more than 75,000 experienced individuals.
- Address: Park Centre, Technopark Campus, Thiruvananthapuram, Kerala 695581
- Phone Number: 0471 270 0222
- Rating: 4.2
- City: Trivandrum
7. DLF Cyber City
Located in Gurugram, Haryana, India, DLF Cyber City is a commercial district that opened in 2003. The region has several leading information technology and Fortune 500 corporate offices.
It has been referred to as a “futuristic commercial hub” and is regarded as one of the leading centers of information technology activity in the Delhi National Capital Region. Cyber City is Near Udyog Vihar, a standard industrial neighborhood located on the opposite side of National Highway 48.
The individuals who work in DLF Cyber City are the primary target audience for Cyber Hub, a large retail and dining center that features many renowned restaurants and shops within its boundaries.
- Address: DLF Phase 2, Sector 24, Gurugram, Haryana 122022
- Rating: 4.5
- City: Gurugram
8. Magarpatta City
Pune, India’s Hadapsar neighborhood, is home to the 450-acre privately owned gated enclave known as Magarpatta, or “Land of Magar family.”
It features shopping centers, restaurants, a gym, Aditi Garden, a 25-acre park, a hospital with multiple specializations, residential and commercial areas, and schools. Green space makes up 30% (more specifically, 32.6%) of the total area.
The “Destination Centre” commercial complex is situated here. With the introduction of more recent housing societies, construction started in 2000 and is still ongoing.
- Address: 5, Magarpatta City, Aditi Garden, Hadapsar, Pune – 411013
- Phone Number: 020-67681000
- Rating: 4.5
- City: Pune
9. Rajiv Gandhi Infotech Park
Prior to the mid-1990s building of the Rajiv Gandhi Infotech Park (RGIP), Hinjawadi was entirely rural. Since its inception, it has been Pune’s largest and fastest-growing IT hub.
RGIP is located 20 miles to the west of Pune and can be reached by car in 25 to 60 minutes. It is home to numerous large and small IT/ITES businesses, as well as a limited number of non-IT businesses with over 3,000 people.
Currently divided into three sections, the IT Park will eventually expand to encompass over 700 hectares of the MIDC region.
Despite being named an IT park, RGIP houses more than 150 sectors, including manufacturing, pharmaceutical, R&D, and other non-IT businesses.
- Address: Pune Pimpri Chinchwad Municipal Corporation, Pin Code: 411057
- Rating: 3.7
- City: Pune
10. ITPL
International Tech Park, often known as ITPL or ITPB, is a technology park situated 18 kilometers from the city center in Whitefield, Bangalore. Ascendas manages the Park, which was created by the Singaporean architectural firm RSP Architects Planners & Engineers.
It consists of the Vivanta by Taj hotel, many sports venues, and the 450,000 square foot Park Square Mall. Situated in the Whitefield cluster, it is Bengaluru’s oldest tech park. In January 1994, a combined venture between Singapore and India gave rise.
The Discoverer, Innovator, Creator, Explorer, Inventor, Navigator, Voyager, Aviator, Pioneer, Victor, and Anchor comprise the expansive complex.
- Address: ITPL Main Rd, Pattandur Agrahara, Whitefield, Bengaluru, Karnataka 560066
- Phone Number: 080 4188 0000
- Rating: 4.4
- City: Bangalore
Conclusion
A significant transformation has taken place in India’s economic landscape due to the expansion of best business parks. These business parks offer a variety of benefits to businesses, including access to support services, specialized clusters, and contemporary infrastructure. Additionally, industrial parks provide an atmosphere that encourages collaboration, innovation, and efficiency.
There are many examples from various regions of India that highlight the excellent effects of business parks on the surrounding districts’ economies. Regarding the long-term viability of India’s industrial parks, sustainable practises and overcoming hurdles will be vital. This is because industrial parks continue to develop and shape the country’s economic environment.
FAQs
A total of 1272 business parks can be found throughout the country of India.
In India, there are 331 business parks that have addresses and phone numbers.
It is estimated that there are 264 business parks in India that have their own websites.
