Bengaluru, Jan 19: Technology hub Hyderabad has edged out 129 other cities in the world to emerge as the world's most dynamic city, according to the seventh edition of the City Momentum Index by global real estate services firm JLL.
The city has pushed Bengaluru to second place to regain the top position after a gap of one year. Chennai is at fifth and Delhi is at sixth place.
While Hyderabad and Bengaluru are the top two cities globally for socio-economic momentum, a more active real estate market helped elevate Hyderabad to first position in the overall ranking, says the report released by the US-based Jones Lang Lasalle (JLL) on Saturday night.
Hyderabad recorded the highest office net absorption in 2019 (as a proportion of existing stock) of any city globally, while it is also among the world's best-performing cities for prime office rental growth.
While all seven major Indian cities feature in this year's Global Top 20, cities in south India in particular - Hyderabad, Bengaluru and Chennai (5th) "are ahead of their northern peers, supported by favourable demographics and business climates".
"Their expanding tech industries and start-up cultures make them a magnet for young and ambitious talent from across the country, with Bengaluru having one of the world's largest concentrations of 'engine room' population (20-40-year-olds), typically the most dynamic and productive age cohort," says the report.
Kolkata and Mumbai made it to the top 20 and stood at the 16th and 20th positions. Despite an economic slowdown, India leads the 2020 Index with seven Indian cities in the top 20.
"Commercial real estate in south Indian cities is growing at a rapid pace. Hyderabad has seen tremendous growth in 2019 in line with that of Bengaluru. The city has actively embraced technology-driven economic growth and attracted large tech giants and e-commerce players. The state government's focus on business-friendly policies and provision of high-quality infrastructure along with availability of quality talent pool and superior quality business parks has given Hyderabad a competitive edge," said Ramesh Nair, CEO and Country Head - India, JLL.
Telangana's Minister for Information Technology and Industry K T Rama Rao said he was thrilled over Hyderabad not only regaining the top slot but also over the fact that it was competing with cities like Shenzhen and Shanghai in innovation economy.
The minister said 50 percent weightage from socio-economic indicators beside the remaining 50 percent from commercial and real estate was also heartening.
KTR, as the minister is popularly known, noted that in 2014 when Telangana attained statehood, Hyderabad was not even in the list. He recalled that when Telangana was formed there were many doubts as to what would happen to Hyderabad. "It entered the top 20 in 2015 and rose to fifth place in 2016 and third position in 2017. Hyderabad topped the list in 2018 and finished second the last year. This year it is back at the top," he said.
The JLL City Momentum Index identifies a number of key growth drivers, including talent attraction, the expansion of innovation hubs and better urban planning, that cities can employ to meet the challenges faced by rapid momentum.
Several cities in the top 20 stand out as they transform their urban environments in pursuit of a low-carbon future. In India, Hyderabad is looking at technology to reduce the demand for air conditioning with cool roofs that reflect sunlight and absorb less heat, it said.
"The growth of "micro-mobility" is another positive step, illustrated by Hyderabad's introduction of smart bikes and electric cars. Smart city solutions, such as bike rentals, improved quality of life, help increase inclusion and aid in the transition to a low carbon environment."
Comments
VHP are the most jobless people on earth. If they want to do social service..there are a hundreds of things they can do..and it's a very sad reality that these VHP people who are \so called hindus\" haven't read a page of their Scripture..it is their Hindu scripture that tells them to eat beef and other non veg. This clearly shows their level of knowledge. This is all a drama!because I have met so many hindus (I don't lie because I fear Allah) who eat beef..And even Christians who are no where in this beef issue. And i even know of these SAME NATAK HINDUS WHO PUT A NEW BORN MALE CALF INTO GOBAR GAS TANK BECAUSE THEY THINK MALE CALF ARE OF NO USE."
Is it mr true Indian ?,cmon give me a break. First learn English then advice me..from.which wahabist madrasa you learnt English .first learn the difference between \ leaving \" and \" living \" .then advice .sorry I am not a voter in US .if mr trump wins the election .I will be more happy because he knows how to handle Islamic terrorism wel . I am okay with racial profiling and I never met intolerance in this alien land ."
@Ahmed
When trump kicks u out from usa. What u will do. U r leaving in USA. But ur english is very poor.
@Ahmed fake.
ur usa funding and created terrorists. Shame on u.
Just type hilary clinton and taliban on utube. U will get the answer.
I never tried to divide. I tried to unite.
Pork carries lots of diseases an
Mr True Indian .don't talk like nonsense. I doubt you are an Indian.when we live in multi religious society we must respect others faith. If not becoz bastards like you .society gets divided.I clearly say its becoz of people like you sangh parivar is getting into violence mode .are you aware of cheddis power these days ? Come here and see.no no ...I don't think you will get not even tourist visa with your attitude for USA.whether you accept it or not ..100% sure Mr Modi will bring uniform civil code and we will be in real mess thereafter .so always advice respect other faiths .let's keep religion within home and private and outside let's live like Indians.Hindus take out hides from dead animals .do you know that ?...beef meat means buffalo meat also ....there is no restriction for them to eat it .PFI blocked?,I don't think so. They are having free time becoz of congress govt .moment table turns real problem will crop up. We must never underestimate cheddi log .even though I don't endorse them .its the fact .now they are more powerful than before .we might glorify PFI kfd and CFI .but we must know and predict our future positions.certainly we will have more problems if we allign with wahabist mentality groups in coming days.
Bopanna
But we dont eat. Have u seen a single muslim who ate pork. But i have seen many cheddies who eat beef and pork.
Pork is the only animal on earth which eats his own shit.
Pork eaters are also called as shit eaters. Ru pork's shit eater.
What about serving pork to Muhammad and all of you ,?
chaddis are with a intention to spoil youngsters life.
i/o of doing public welfare.
If one visit beef serving hotel it's real fun to see chaddis enjoying beef
Y don't u guys BAN export of beef which has increased
hahahaha look at one of he guy's comment(mainly we have to destroy bunder), for your kind info couple of years ago BEEF MANDI was under he hands of few hindutva activists, why didnt u destroy then ?
these people give big dialogues about go maathe and all and when they boose they make sure that they have a plate of beef fry.
HYPOCRITES.
Go and tell Modi to stop exporting cow meat.....before start killing innocent human kind....you don't have value and respect towards human kind....heartless creatures....killers of Mahatma Gandhi....
Yes you are right ....................Great result ...finally forced to change the tactics .....after Great resistance from Popular front of India and its allies such as Komu souarda vedike and like minded people and all other 95% Indian Citizens ...these fanatics agreed to change the tactics ...Jai Ho ........
WE CAN DO IT.......5 % Fascists V/S All other Sound Minded . Days are near when these Fanatics are dragged into the prison or to rehabilitation centres .
Vishwa hindu Pakistan
These coward people dont have guts to ban beef in goa.
Kick these vhp to pakistan. Police is not able to catch thogadia. How can they catch dawood.
Sachin Tendulkar’s Ferrari car. Udhav Tackrey’s Mercedes car. Baba Ramdev’s many luxurious car's interior are made from gau mata.
replace their car seat with steel chair.
And many luxurious brands in india like channel louis vuitton burberry gucci etc. most POLTICIANS use it. Are made from gau mata.
First look at ur own family member. Might fallen in love jihad.
How u people will survive without beef with alcohol.
Cheddis are known for their deception
Even after they were caught red handed by their own act of love jihad and cow Stealing, they are giving this shameful statements.. In future we will see this cheddis will be trapped in their deception again..
They think people are still fools accepting what they want .. But I wonder why dont some fools still dont understand this game of deception from the deceivers who learnt their lessons from the greatest deceiver on earth, the zionist... who will dump Indians as well as dump the cheddis with their evil acts...
u cannot stop anything in india, india will be the safest place for all like us.
banning caw slaughtering its just a dream.
for coming 100 or 1000 years, u cannot stop cow slaughtering, its our right we will eat till our death.
yes mainly we have to destroy bunder in this case
Hope at least your new strategy will stop beef export!!!
wow good news. Jai hindu rastra.
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