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
Aditiya Anand is a Hard core communal Hindu terrorist working under the shelter, protection and with the support of BJP. Second one is shakshi maharaj. They are not the saints or Sadhus but are the goons only to terrorize the minority classes as well as scheduled castes and backward classes.The government is keeping a blind eye toward these anti social elements.They must be controlled and debated from anti-social activities at the earliest possible. otherwise government of India will have to face the revolt from within the party folds. As there are people who are against such elements and do not want to set these bhagwa/saffron dressed miscreants free from the clutches of the law and order. The ministry of HOME Affairs must turn the cannons of law and order towards these anti-social...anti religious....anti law....anti humanism people.
Fake yogi
Put him in jail
AIMMM must file a case (nirbhaya a Ct?)
The trails and full investigation should in camera and identity of the victims shouldn't revealed.
Dear coastal digest my humble request with you please do not post PSYCHIATRISTS comments.
Naren potian can you send your sister to this place?
#RUC taken many action on it with their team
first of belated happy new year wishes for ultra nationalist Indian s ,who thinks nation first and religion second ...hahaha Look at the frustration among Itch guard users from one particular community ... all fake news .sorry to say CD is not at all posting news in which islamic millitants committing henious crimes and terrorists acts , be it in malda or in Bihar or pathankot ... even papa al quaida terrorist sikkagle in bangalore, chummah antha ummah kottu , chumma chumma dede antha ummah ge hurt agbardu antha news ne haakalla ..this shows the maturity of this news media , fake victimisation is new found technic by muslims but everybody knows the truth mama.. One particular religion on daily basis kidnaps 1000's of non muslim gals based on instruction from headless and rapist preachers , who scream for jihad ... we know how these piece piece religion sells women in petrol pumps of raqqa,syria on USD basis ... hahaha .
Ley fairman , we are not living in ISIS controlled or saud family ruled rogue nation to behead democratically elected person .. India mama idu ... sorry Hindusthan kano .. acha kannadali bharatha khanda mams idu ..yenne haakidya henge guru ... mostly local haakirbeku ... filter less agi , olagade iro true attitude aache bandide ... hahaha
anyways long live RSS , Jai bajrangdal ... Jai yogi adithya nand ...we must learn from Israel to counter anti national terrorists , Intifada maadthini anno munde maklanna shivana paada kke seristha iro israelis are really great .. avarigu jai andu bidona ... hara hara modi ... jai jai modi ... bholo bharath mata ki jai ... bholo sangh parivar ki jai ...
Is Judiciary exist in the country and vigilant on the rule of law and feels its responsibility to protect the minorities
Are these girls Sunni or Siya.?
How some young men becoming nexalites, terrorists, decoits???
because of \gomuka vyagra\" criminals existing in our places.
To take revenge youngsters are becoming terrorists to teach a lessons to these anti nationals.
This man along with his groups should be banned and arrested.
But the Government is supporting these goons because the Government is governed by RSS ( who are the God father for all these criminal terrorists)."
ALLAH will allow to cross the limits to Evil doers ,,,then he will catch them in their necks, but the time will be over to repent........................but we have to work hard to bring back glory of Muslims not ISLAM,..........ISLAM will prevail as ALLAH will take care of it
Be honest
Be vigilant if Religion or Women comes under attack
Be Prayfull
Dont sit at home and think that Duaa is enough...if its true then Allah created Humans when Angles were there already...its a test to all of us
This guy deserves to be beheaded immediately and his daughters to be just kidnapped and treated good, so that he and his followers learn well.
Ya it is true. yogi should be banned from india
seriously, AIMMM dont have any work to do.
what non sense it is,
YA ALLAH save us from Such human devils.
Oh Ummah, please be alert because devils are roaming freely.. because the Word of ALLAH is kept in the SHELF ...
& also
Our prophet said be UNITED
Groups say : Don't UNITE by adding their own version to TRUE ISLAM.
Think which Group is asking U NOT to GET UNITED?
ALL types of devils will run away when we act upon the word of ALLAH...
Lets not be a MUSLIM only by name... We should act as a MUSLIM. U just need to take the step... ALLAH will help U fight such devils in ins & jinns. There is no POWER nor MIGHT except with ALLAH.
one more allegation, what are we. what are we hearing, seriously we common people are not understanding.
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