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
Hinduism is the religion of foolish people.
They worship Cow, Rat, Monkey, Pig etc.........
Drinks Cow urine as theertha, and throws milk on stones
But doesnt know how to treat humans.
Hinduism is in the declining stage, so they are trying to protect hinduism by attacking on others for no reasons. Because they are scared people.
Dear proud Hindu, if you have guts, please go to Kerala/ Bengal / Tamil Nadu and stop Hindus from eating beef. Hindus are eating beef in these states more than muslims do. If gow matha is so sacred for Hindus, why dont you go to Nepal and stop slaughtering hundreds of cows in the temple festival there. Why are you so jealous.
No need to explain anything just see below & comment.
Largest beef suppliers of India.............
1. Mr. Shatish - Mumbai
2. Mr. Sunil - Mumbai
3. Mr. Madan - Delhi
4. Mr. Bindra - Chandigarh
would see a developed India if these goons has guts to do it to a murderer or rapist who are free outside...........
By the way last noon at sullia i saw a bull mating a cow....any solution to give GO Maa a Bedroom than going to streets....
Suhag Raat for cows first. Sauchaalay comes next
Mr suresh one day ur mom or sister will suffer same humiliation then u will under stand ..shameless creature
If you have the guts go and stop slaughtering and exporting cattle to many foreign countries. Double standard idiots.
Do they respect their own real mata sitting at home....forget it do they put a little grass for cows which loiter around city streets...all these things happening around are bullshits... and election gimmick....UP Election...coming.....expect more and more dalits and women will be beaten everywhere....please be careful...
Muslims please do not eat beef at least until UP election.....after which hindutva group themselves will sell cows for muslims....
Proud Hindu............be proud on Good things......you are following what evil is taught to you
Mohan pajir
You must be sleeping these days or pretending to be slept. Do you know gowmatha slaughtering by your brothers in Goa and north east states. Do you who stands first in the world in beef exxport. Its your brothers and children of gowmatha.
i love eating beef !!!!! u guys really need to taste them its awesome...slrruuuuuppppppppp .... then u ll forget about this maatha pitha and all :)
the word is \napunsak\""
looks like guys like proud hindu, mohan & srikanth .doesnt mind when our hindu sisters getting raped and murdered and yet they dont want justice for them
rather they want to beat women in the name of holy meat
@ Mohan Pajir
U need to do surveillance in night time bec ur gomatha, ur mother sleeping in road and without food sometimes ...
take care about that first then u look for ur own mother
Screaming 'Gav Mathaa ki jai' 'Bharat Maatha ki jai' by beating a real alive maatha (women).
ISIS campaigning in US by killing and attacking people there and here Sangh campaigning for BJP by these activities.
Cowards.
mr mohan, pajir
first go and save your matha.[feed her.] shame on you man
Proud Hindu, Mohan Pajir, Suresh Mahajan........Why are you hiding in RAT HOLES when your Go mathas are killed in Gujrat for export..... India is the highest beef supplier to gulf countries..... They are all eating and enjoying your Go Matha provided by Gujrat..... Go and show your Mardangi in Gujrat ....
SAFFRON TERRORISTS, NOT ACTIVISTS,
its not a gau maatha its their pitha...(Buffalo not a cow)
Nothing to say about the Hijda Police..... Naren / Bopanna ,,,do have any comments..... This buffalo meat will become Cow meat in another 6 months..... Chamatkar of Modi Sarkar......shame..
India tu kya se kya hogaya!!!
Society should be ruthless towards those who mercilessly kill cows and eat its meet. Funny thing is that they can kill Gau maatha and eat its meet but we are not even supposed to touch their maatha!!!??? What kind of rules is this???
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