There are three more Indian cities that made it to the top ten - Bengaluru (2nd ), Chennai (5th ) and Delhi (6th ) while Pune, Kolkata and Mumbai made it to the top 20, and stood at the 12th 16th and 20th positions, respectively, as per global real estate services firm Jones Lasalle’s (JLL) report.
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.
This year, Asia Pacific is home to three-fourth of the world’s top 20 cities, which are the most dynamic urban centers in the world. The results show a continued shift in global influence from west to east, with Indian, Chinese and Vietnamese cities dominating the top positions.
India - with seven cities in the top 20, the most of any country - leads the 2020 Index, despite slowdown of the country’s economy.
Mr Nair, said, “India’s fastest growing cities have been drawing a significant level of interest from overseas investors due to government’s reforms on the infrastructure and policy front.”
Commercial real estate in south Indian cities is growing at a rapid pace, he said 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.” Mr Nair added. (UNI)