Hyderabad: JLL (Global Researcher) has placed Hyderabad on top of its 2018 Short-term City Momentum Index. The city has surpassed Bengaluru which was leading in 2017.
Hyderabad is the leader among 30 global cities in terms of demographic and economic growth. It is deemed to be having a strong command on technology, finance and pharmaceutical sectors.
JLL surveyed 30 global cities and analysed its growth in urban economy, real estate market and the city has thrived in the two parameters. This apart, out of 30, seven Indian cities have made it to the list. The city has jumped five positions: In 2017, it stood fifth while Bengaluru was the first.
Cities in the ‘Short-term Momentum’ were evaluated on parameters such as population, connectivity, real estate investment, property prices, economic output, corporate activity, construction and retail sales.
The survey talked about India. The paper said, “India maintains its pre-eminence in the Short-Term Momentum rankings with four of the top five markets, as its cities register among the highest rates of demographic and economic growth globally, while also benefitting from the government’s efforts to boost business attractiveness and investments in infrastructure.
The country’s leading tech hubs Hyderabad (1st) and Bangalore (2nd) take the two top positions, while Pune (4th) and Kolkata (5th) round out the top 5. India’s Tier 1 cities Delhi (8th), Chennai (14th) and Mumbai (20th) also feature in the Global Top 30, with continued strong demand from technology, finance and pharmaceutical companies keeping take-up volumes buoyant and investor activity on an upward path.”
Minister for IT K. T. Rama Rao told Deccan Chronicle, “Happy but need to do more on infrastructure to meet the growth.” The CMI Short-Term Momentum rankings identify urban economies and real estate markets which are currently undergoing the most rapid growth.
