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 brother must think who is GOD and what is truth...most politician are not good hindus they divide people in the name of religion and make innocent people fight each other...who will get benifit..only they..
Naik clearely says that there is no image of GOD, even idol
if hindu brother read veda like we read quran in madras, then they will understand the clear concept of GOD.
no religion book will tell kill another human beign...do you think god himself create human and want to be killer by other...this is stong point..what ever the religion every human is create by GOD and he want us to obey his comendment and live in peace...respect each other
some marons exist in all religion thta does not means all religion people are same.
if we take some example,
hijbul mujeedeen, jaise muhammed ect all kept the name which is related to islam religion and make crime on innocen people
similarly ram sane, bajranga dal, sive sane etc all keept the name which is related to Hindu religion and hide there crime on humanity when they are in trouble.
we human beign must understand that our life is very small say max 90 years,...what we done in this world will be ladder for our sucess after death...we should do good to any human being.
All religious book says same thing
Give maximum benifit to mankind it may be even small work atleast smile...GOD will give mercy on the day of judgement and he loves this kind of person
People should really look what he says , I never found any hate speech from Zakir naik... When we just depend on the lies of this govt. We all are becoming like the donkies who just carry the load of knowledge without knowing that it is carrying loads of knowledge but unable to read... As a Human being We should learn our own scriptures and then make stand if Zakir is telling the TRUTH or LIAR are telling the TRUTH.
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