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
ye log muslim ko badnaami ke har koi moke nahi chodna chahte
Chakka saala.......narens and virens brother.....both are missing.
This is how these saffron goons attack temples and rape Hindu girls and blame it on muslims.....and some fools to react... they are attacking our nation in disguise......
Hopeless fellows. People Should be punished with this kind of mindse
Ththese kind of people make our countrys strength week. We shd all fight agnest these kind of idiots
HIJDA caught wearing burkha, may be an agenda of RSS
He is an FAH....
First of all this sangh parivar goonda should be punished heavily in such a way that he will do the mischief ever again. Secondly the gathering of muslim in the name of religious duty is not recommended. Allah will definitely punish those who go against Him. Maatam is not recommended in Island. Rather it is recommended to do good things and fast two days. People instead of following it correctly, are practicing unnecessary and unauthorized activities.
Sikandi Baba in action.. haha,.. may be like his leader he is also confused with his gender..
It seems that our Hindu Brother is very much attracted to the Burkha. May Allah bless him with Hidayath.
Whenever such incidents happens the Culprits are caught...
9/11 done by the zionist... daily YT exposes with more proof.
Godse done the same act of disguising as muslim and killing Gandhi but was identified in the same day.
Here one more cheddi got caught...
I now Wonder, if all the bomb blast were done by this same ENEMIES who change their identity to spread corruption in the land to keep the masses in fear.....and rule those who are unaware of the CREATOR of all that exists
When caught, they will definitely say he is mentally ill ..... This is the nature of those who worship the devils.
I feel pity on those hindus who still fall trap to these DECEIVERS..
It is not surprise. Sangha Pariwar is always doing these kinds of anti-human act.
There may be VHP/ ABVP protest in Mangalore over beating their brother.
Add new comment