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
Thanks for the good writeup. It if truth be told used to be a entertainment account
it. Look complicated to far brought agreeable from you!
However, how can we be in contact?
Here is my web site - the best vitamin c serum: http://www.alwaysflowers.net/?option=com_k2&view=itemlist&task=user&id=…
I have read some excellent stuff here. Certainly price bookmarking for revisiting.
I surprise how a lot effort you put to create any such wonderful
informative website.
my blog best vitamin c serums: http://tianheqiqiu.com/comment/html/index.php?page=1&id=68442
It's fantastic that you are getting thoughts from this piece of writing as well as from our argument made at this
time.
Look into my web page vitamin c serum reviews (www.mep.aw: http://www.mep.aw/?option=com_k2&view=itemlist&task=user&id=885541)
Shobakka, how is Yeddi why you got married same person twice did you divorced after first marriage,
Uruda Madmaye,
Gattida Thammana avodu
Shimoga ties with Udupi. Vow. Why hiding the good news from the couple.
HAPPY MARRIED LIFE....
Dears,
don't think, if both are single, why not. But why in secret. Who can stop them.
Any way he is now son in law of D. Kannada.
So we have to arrange him a Thammana, chammana,
Government should not waste money by providing Z plus security to Mr. Padmanabah.. there is no benefit for common man even if yeddy get marry or not ? Its their personal life. Wishing good luck for yeddy and shoba.. happy married life..
Wishing you both Happiest Married Life.
Next Karnataka Cabinet, Lungi and Chaddi leading Karnataka Govt
Marriage is not a crime in our Hindustani tradition we have a perfect way of getting marriage system, That's in life one Time only what here Yeddi and Lunggi did Twice could you please clarify Master Viren ???
It is an open secret. I think few people still need confirmation.
Yeddy killed his wife to get marrried with shobha. Yeddy has the support from Swamis, because after getting married he supplies women to swamis.
Yeddy used to find with Nithyananda. If there was no women then they used to fulfill their desires. This is going on in Indian politics.
@Viren Kotian & Nihal
Marrying secretly is not a crime in India. but here suspicion arises over the death of former CM's wife!
After all why cant they stop drama ?
Anyway, happy married life.
Well said Mr Vieren Kotian. Let's take it positively.
Is marrying a crime in India? Well done Yeddy and Shobhakka. You have set an example of simple marriage. Let others follow this couple. Congrats :)
Add new comment