Hyderabad: Hyderabad has been one of India’s fastest-growing cities, over the last two decades, attracting more foreign direct investment. This has been possible with structural reforms such as the Real Estate (Regulation and Development) Act 2016, for increasing the volume of investments. The World Economic Forum listed on its official site a part of the JLL’s City Momentum Index (CMI) 2019, this list includes top 30 global cities across the globe. Hyderabad stands at the second position.
Followed by Hyderabad, in the chart are Bengaluru, Hanoi, Delhi, and Pune taking the top five positions. Hyderabad has been successful in maintaining the top position in the CMI in the consecutive years. The entire index by JLL will be made known soon. This is going to be the sixth year CMI, placing Hyderabad in the second spot.
In the recent times, Hyderabad made it into the top five cities of the world and showed a speedy rise in the values of residential properties in a year, as per a study released by Knight Frank Global Residential Cities Index-2018.
WEF added, “While the momentum in the global economy appears to be saturated, there are many other cities in the world where the real estate and economic growth are on the rise.”
Employing a range of yardsticks from socio-economic to commercial real-estate to identify attributes for success over the short period of time, the CMI ranks a total of 131 established and emerging business hubs across the globe to find the out the urban economies and real-estate markets which are undergoing rapid expansion as of now.
In this year’s rankings, the fastest urban growth continuing to shift away from the west to the east can be witnessed. The Asia Pacific seems to be the base of top 20 cities in this year’s index. While Indian and Chinese cities dominate the rankings. Nairobi is the only city outside of Asia Pacific, which made into the top 20 most dynamic cities across the globe.
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