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
he is the brother of mangalore information officer Khader shah, i think.
Good boy.. keep it up.. but don't exchange phone numbers ok??
THIS IS CALLED HUMANITY......PLEASE DONT MIX THIS INCIDENT WITH RELIGION....WELL DONE ASHRAF HATS OFF TO YOU..
PROUD TO BE MANGALUREAN....
something fishy is going around on this story... so I am confused with this story
Ma Sha Allha... Job well Done... Dear Haris Bhai,
He is the One Brother of My Close Friend he is Also well Social Worker,
KEEP IT UP BRO...
Mashallah... Well done Haris ,You gave a good lesson for humanity, when someone needs help caste,religion,gender will not come into consideration its only helping each other what it counts.. UR PERFECT EXAMPLE FOR BROTHERHOOD... :) ALLAH GIVE U SAFE HEALTH
The lady may be from a middle class or poor family, that is the reason she may be working as a sales girl. A gold chain may be for her a big asset, it is her hard earned saving money.
so good job done by Haris. Keep it up good work.
couple of Mangaloreans we may find thieves, robbers but 95% of Mangaloreans are good hearted people, who always help each other whenever any difficultly arrives to one another.
If every Mangaloreans do this act then the some particular groups who are jobless will need to find a respectful job. there are lot of looters who loot people in the name of a religion...
BRAVE WORK, APPRECIATED!!!
#7, ALTAF, DOHA, WHY U SEEING EVERY ACTIVITY IN COMMUNAL ANGLE????
chain snatcher trained by job less chaddi & sanghis how can they tolerate my dear brother althaf doh....
Robbery Jihad.. Some may be not happy by his bravery act..
This is how a Muslim should be.This is also Jihad
Where is Thief Photo?
Muslim guy helping Hindu Lady.. Chaddi & Sanghis can not tolerate this.
Excellent work by Mohammed Haris . keep it up
Good job Haris, you are brave.
The name Haris meaning itself is Guardian or Guard.
May Allah bless you
great example for those who Entertained in this kind of situation.
wow we must encourage this, govt should give the reward for his work so more people can come forward to help in these type situation.
because of this people we can roam freely in public. keep it up
appreciable good work haris.
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