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
Sandy. you really have sandy mind. PFI is not banned anywhere. you lie as you have no ground to blame PFI and no right to blame. As RSS links to terror already revealed by national media and NIA . just ask your RSS to shift to Pakistan or nepal, As they dont even hoist national flag
i dont think this ibrahim is ibrahim, i think he is not a muslim and uses false name and internet knowledge to give stupid comments and force us to reply to him..
why are you saying baseless things, Its not banned anywhere. Don’t just say the things which come into your mind without understanding them properly. Your message is foolish, ignorant and a comment without any responsibilities
@ sheikh ibrahim,
well said sir, I am sure your qualified and understand the Quran very well.
But atleast they are doing there part -what you are doing. If you have mashallah this concern then work for the cause - teach them quran and do something about it insted of just complaining.
Now please don’t give excuse that you cant ?
Because you haven’t tried.
in 1 hour a week , will also make a difference,
If you can’t then please try and hire an imam for 1 hour a week.
If you can’t even do that then donate 100 rupees a week to help that cause and help them learn Quran.
If 100 rs is to much then try 10 rs. if every one will do something insted of complaining the world will definately be better place.
Insha’Allah
Do you have any proof for your blabbering, or its just coming out forged by your hatred for the community?
As per Israel – it is believed to be anti-Islamic by many, some people support Israel just for its alleged agenda.
But to your allegation of SDPI backing “jihad against kafirs” if your definition of jihad is just like ISIS/RSS -then you are legally obliged to provide proof for your allegation and put the culprits behind bar, serving our great nation. If not then this is just a defamation.
@yogesh , so you haven’t heard about saffron terrorist?
all RSS people are where and will remain Hindus!!. Further many people wear the mask of Muslims but very few are Muslims. Also the leaders name of IS is said to be Simon Elliot. In military standard false flag operation were common by Israeli before , This is just an advance tactic, A
lso if what SDPI is saying in this particular matter is right shouldn’t you say it to be right. D
isagree with them or any one where they are wrong, But not when they are right.
@ unknown( coward/hypocrate) using false identity.
By your logic
I don’t believe this but its just to answer the retard who drew the conclusion
Nathuttam godse = killer of the father of our great nation
Hence, godse = enemy of India
godse = hindu
Hence proved
Hindu = enemy of India ?
Further,
All religion / country have there black sheeps and terrorist.
If you are sensible you can not generalise or sterocast people.
haha biggest joke , 400++ isis sympathisers are having PFI background :) double game dont work . In one side telling isis is israel and anti islam and in other side openly backing jihad against kafirs .
Please watch an interview which was done in 1990 youtube "
ISIS=Israeli Secret Intelligence Service"
In an excerpt from a 1990 C-SPAN interview with Brian Lamb, Dan Raviv and Yossi Melman, authors of the book Every Spy a Prince: The Complete History of Israel’s Intelligence Community, describe how the Israeli Prime Minister’s Office officially refers to its subordinate organization “the Mossad”
HEY cANDY, Tell me which state banned PFI?
Comman can understand it is a propaganda against org. Why PFI should ban for it's uncompromising stand against Fascism? Against Rss terror activities in India?Moth piece of RSs media failed to present a Proper evidence against PFI why?
Many states banned PFI because of their link with terrorists
Rubbish. Total rubbish. Ban PFI
Many of the PFI workers dont know the real meaning of Islam and they didn't read Quran fully or properly
PFI said the truth but these people dont have any right to blame them. Because these people only number one trouble makers.
ISIS=Muslims
PFI+SDPI=Muslims
Hence ISIS=PFI+SDPI ie Muslims
But all IS terrorists are/were Muslims only.
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