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
I agree with you but, if something happens to her family by these hoodlums, it will be a huge news, not only Karnataka will lose credibility, but these hoodlums will gain reputation and notoriety, which would be very unfortunately.
It would mean that Karnataka has fallen to a level of dystopia. international news, will have field day adding bad repo to our nation.
All life be it farmer, beggar or star has to be protected as citizens..
Actually the best way would be to arrest the people starting such campaign’s and issuing bounty’s.
And what about the police, law and order, constitution?
The movie glorifies Rajputs, there bravery and Valery is highlighted.
there is not even a single frame shared by both the actors.
And India currently has bigger issues than this to be tackled
Dear Gopal, "no offence but If you do some research before putting forth such statement
you will find out that this is a real issue
- here is a link from Hindustan time also for your reference
http://www.hindustantimes.com/india-news/padmavati-row-haryana-bjp-leader-announces-rs-10-crore-reward-for-beheading-deepika-padukone-bhansali/story-SNu3xwOyMQmJU3fNzbSVyL.html
First of all this is extremely wrong from an elected individual, its not from a teacher
scholar etc it is from Haryana’s BJP chief media coordinator Suraj Pal..
It appears to be a diversion tactic,
so that focus is changed from actual issues.
Padmavati producer includes Viacom company which is owned by Mukesh amabani.
Now first of all this action done by this representative - is wrong lets agree to it.
As for fatwa ( not patwa) let me enlithen you. Fatwa means opinion in arabic language , So if you have an opinion it can also be called as your fawa in arabic…
Lastly there has always been a huge cry on any fatwa’s issued, I am surprised your comment meant that this fatwa went unnoticed.
But generally this fatwas are given by idiots who don’t have any bite but only barks
whear as if a d&* is capable of biting then precautions have to be taken for protection of the intimidated individual."please think with open mind and without color glasses, there is no need to polorasie everything
DKS, please check what is happening with poor farmers. Deepika is celebrity & she can afford security. When she has not asked for security, why the hell r u bothered. There is no better work these politicians just to show up in media & become HERO. Y is karnataka govt bothered? she is all time in Mumbai. Let her shell out money & get security. Why tax payers money is wasted for such celebrity who loot public by displaying movie and cinemas. JAGO JANTHA JAGO !
I understand films have been made in the past based on Padmini. Kamonar Agun or Flames of Flesh (1930), Maharani Padmini (1964) in Hindi, Chittoor Rani Padmini (1963) in Tamil starring Sivaji Ganesan and Vyjayanthimala. Wonder how these stories were told ! Surely Bhansali would have glamourised it, going by his past ventures !
At this rate, we will have curbs of freedom of speech and we will all need police protection. Wonder what is happening to the sense and sensibilities of our people. No tolerance, no patience with 'my way or the highway' attitude. This fanatical attitude will soon destroy the nation!
Who is D K Shivakumar? Is he Judge of supreme court ? what is his jurisdiction? What did he do when his govt was directly responsible for Suicide of honest officer like D K Ravi and DYSP Ganapathi? Shameless people in power
Any difference between bounty and fatwa. leaves me wondering. where are we heading
Hell with film Padmavathi. Karni sena and BJP should intensify protest. VHP, RSS, Sri Rama sena, ABVP should join the protest for ban
Looks like DK already have some clue. So raising protection request. Hope it is not from internal news where they want to do something to say something against BJP. But he never raises concern on Patwa raised by Muslim groups. Strange???
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