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."
Police have launched a hunt for Mohammed Shahnawaz, a student of Milagres Collge, who went absconding after thrashing Rev Fr Michael Santumayar, the principal of the same college, near his chamber on Thursday for denying him hall ticket on grounds of attendance shortage.
Comments
he should be hanged ,
This boy who assaulted the Principal should be given the severest punishment - a lesson to all not to think of such crime in their dream also. However, some BORN dirty filthy generation of people brought religion here. These scums forgot what their religion is - Who raped Tulsmi Mata, who kidnapped Rukmini, Who killed Sambhuka, why they push the widow to burning fire, one girl is married to one brother - the rest of male start sharing her why??? Why wife's sister is half wife and husband's brother is half-husband to you - Why do you force Dalit women pray naked? Are you animals or worse than them??
action is to be condemned , but sensible people will not bring religion into this. This Boy will be put in jail shortly and punished as per IPC.
It is in his blood...so what else we can expect....they don't give respect for women ...for them women means property....even don't teach sanskar ...just they train how to steal, stab and cheat ...once they reach adulthood they get him bike and hanky panky shirts and pants. One apple iPhone ...next day these guys will be on jihad in front of colleges with sole aim of increasing population. ..why this community never produces quality world class scientists .this is the main reason .
@Sangeet
completely agree with your thoughts. I pray Almighty Allah to guide you to adopt the teachings of the religion of peace.
Ladies n gentlemen... don't bring religion for individuals action... shame on u ppl for vomiting venom on a particular religion whenever u get opportunity.... anyway these kinds of ur negative propoganda never let down Islam rather its spreading rapidly.
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