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
We are Sure that by having Phd Doctorate Our Leader will never make an foolish attempt of treating the PHYSICALLY sick people.But we will definitely treat MENTALLY sick people,Like Niranjan Pal,Anupum Kher and so on.
Welcome to Mumbai.
How much shame for us!!! we are ruling by uneducated goons.
Why can't Kanayya ?
If uneducated leaders are becoming Home, Education, Health, HRD, LAW, Defence , PM. CM ministers etc.
Not sure if Dr. Kanhaiya Kumar can treat them but sure he has created a lot of patients
Silly to have same word for medical practitioner and a degree. Valid for a non native speaker to get confused.
Bhakts will soon be queuing up to get prescription of Burnol from Dr. Kanhaiya
\How Will Dr Kanhaiya Treat His Patients?\" Well Earned PhD in Idiotology for Sanghis"
what! Dr kannaiah he is not doctor he is antinational will be in jail forever,
all uneducated joins sangha parivar!!
liquor ban job quota mandir masjid Kanhaiya Rohit Bemula all are vote bank politics
how can anyone take names of Kanhaiya and Dr Ambedkar together. What a farce
Dr. Rakesh Sinha exposing History of Communists on the face of Kanhaiya
How will Dr Kanhaiya treat his patients?’: As if controversies surrounding Jawaharlal Nehru University.
When bhakt overanalysed \DR.\", despite informing that he is doing PhD."
These sene-ass****s are more dangerous than Kanhaiya..
How stupid people can get, simply illiterate ! ‘How will Dr Kanhaiya treat his patients?’
I don't know what is worse. Venom spewing or ignorant fool ! ‘How will Dr Kanhaiya treat his patients?’
LOL these sanghis never fail to give me a good laugh
\There is a reason why uneducated one shouldn't not be our leader. Just see Niranjan pal statement on Dr. Kanhaiya"
Funny people do funny things
he he he funny man
Pardon them Lord!!!
I thought our \Prime Servant\" ji asked this question. thank god petty hindutva leader.."
Lol...No comments
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