Hyderabad stands 5th in the world

     Written by : SMTV24x7 | Wed, Jan 18, 2017, 03:07 PM

Hyderabad stands 5th in the world

Hyderabad, January 18: Hyderabad has made it to the top 10 most dynamic cities across the world chosen by JLL City Momentum Index (CMI) 2017. It has been placed fifth with Bangalore on top of the list among 134 countries.

Other cities that made the list are :Ho chi Minh City (2-Vietnam), Silicon valley (3-USA), Shanghai ((4-China), London (6-UK), Austin (7-USA), Hanoi (8-Vietnam), Boston (9-USA) and Nairobi (10-Kenya).

Hyderabad's surge to the elite top 10 on the index came after an assessment of 42 variables, including recent and projected changes in city gross domestic product, population, corporate headquarter presence, commercial real estate construction and rents. Other factors included education, innovation, and environment are the main criteria for choosing the most dynamic cities.

Factors like Hyderabad turning a second home to giants in information technology like Facebook, Amazon, Microsoft, Google, Apple, Qualcomm and Uber, to mention a few, were obviously considered, with JLL pointing out that cities on the CMI shared 'ability to embrace technological change', 'absorb rapid population growth' and 'strengthen global connectivity'.

"Liveability is also surfacing as an increasingly important driver of momentum, as it is key to attracting talent. Affordability and space constraints in San Francisco (21) contributed to knocking that city out of the top 20 for the first time and Hong Kong out of the top 30. The environment is also becoming a more critically determining factor in the index. Although in the top 30, Delhi (23) and Beijing (15) were hindered by poor environmental scores", says the JLL CMI.

JLL is a financial and professional services firm specialising in commercial real estate services and investment management.