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."
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what about hindu organisations? who will question them? is india a hindu country? NIA, CBI and now the judiciary is also hand in glow with the RSS
Narendra Investigation Agency always want to prove against Muslims. It always fabricate case against Muslims. It released malegaon Terrorists even their crime is proved. They Killed Karkera and his team by pre planned Taj Hotel attack. They fabricated case against Innocent Dr.Zakir Naik.
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If God says Alcohol is Prohibited - You should verify the house who has a drunkard, and how is his health and what is his relationship with his family.
If God says Pork is prohibited - You should verify How bacteria in Pork are harming human intestines.
If Prophet of God said Dont get Angry - You should verify and see the result after your family members gets angry.
If Prophet of God said have patience - You should verify and notice yourself how Your heart felt contemplate.
If God is telling you to use your intellect - You should verify why VEDAS says (NA TASYA PRATIMA ASTI) There is no image of God.
Everything happens with the permission of ALLAH. ALLAH has control over all creations..So Give them the TRUTH . They will understand better ... If they reject then they will face the consequences. Its time to NON MUSLIMS to recognise the TRUTH of worshiping ONE GOD who created all that exists... There is no God but ALLAH who is worthy of Worship. ALLAH is most merciful. people should recognise his mercy ... Many fake gods are Exposed and people should use their intellect and verify of what QURAN is teaching us about worshiping many gods which are man made. Man made gods are getting exposed daily.. Use your intellect and run to find the true god ... ALLAH guides those who look for the truth honestly.
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