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
Hindu leaders are afraid of their population going down as people following the true God.... then who will support their party? How will they gain votes....anyhow Islam is growing and growing as much People try to defame it.......can any mai ka laal can say no and prove it....
Why the BD, VHP RSS all these are not banned. They are openly making provocative speaches. Mr. Zakir Naik has never done provocative speaches. But the people like thogadia and many more are creating lot of tensions among people. This also should be equally done.
Allahumma Aizzal Islama wal Muslimeen, Wa azillal kufra wal kafireen,
Ya Allah protect the ummath of prophet Muhammad(P.B.U.H).And save us from the Kufr of the Kafiroon.
Still if we muslims don't get United they will ban Nikah,5 Times prayer, Zakath.
very good decision .. love u modi ...he supported bin laden .... he backed terrorism .. he encouraged love jihad.. bholo bharath mata ki jai... hara hara modi ... jai jai modi .
i heard that zakir naik followers are not celebrating their prophet birthday!!!!!!!
if they are not happy in their own religion then its better to ban all over the universe.. what you say guys?
After 9/11 many reverted to Islam, the same will happen now.
No evidence is produced so far, It is not possible because, he speaks very carefully the truth, that is also without hurting others.
This is their BIASED ruling, they can do anything. Now all specially Hindus will start studying ISLAM and will accept it.
In history many DECEIVERS had temporary happiness.. and they thought they have victory by using the power wrongly ... Time is running and it will end your power too and dont think this evil power will be for eternity...
We will see INSHAA ALLAH (God willing) how your evil power will collapse..
As expected, there is a hidden conspiracy behind it these people are thinking that they can prevent spreading of Islam by this type of drama, Allah need no organization to spread his deen,
ALLEGED terror activities... Still not proven and will never be proved..
\And the disbelievers planned, but Allah planned. Allah is the best of Planners\" Holy Quran: 3:54
I request entire believers not to be panic, everything is moving as per Allah's direction.
Please don't spread rumors, don't be a part of any unlawful activities, don't be panic. Please help the needy irrespective of caste and creed, give your best for the sake of Allah. Whoever does corruption on the face of earth for him a great torment of Allah is waiting. This is Allah's promise. Ya Allah protect your believing slaves from all types of tests & trials, give us patience, give us the strength to face the trials of this world, Aameen. Please make dua for entire believing brothers and sisters of this world."
Good move by government ... so many muslim brothers are saved from brainwashing NGO...
hopefully people will coordinate with government and stops funding this unlawfull NGO
don't worry Dr. Zakir naik Allah is with you. you are not first person who faced such acts of kaafir but take patience and keep trust.
May Allah subhana bless you and our prayer is with you
very sad part is without understanding anything our own religious people making fun of you and celebrating this as their victory..may Allah guide them
A very good decision from Namo.
This is one of the scripted hidden agenda of the communal govt. which was fabricated through Dhaka blast to reach this day. VHP and RSS are two giant terrorist organizations getting foreign funds to create instabilities still at large for years.
Insha Allah IRF will fight legal battle to overcome it.
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