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Hyderabad, Bengaluru top two most dynamic cities globally in list of 130: JLL

Hyderabad has emerged as the world's most dynamic city, performing better on parameters like socio-economic and commercial real estate, according to global property consultant JLL India. Seven Indian cities feature in the top 20 in this year's ranking, despite economic slowdown, it added. Bengaluru has been ranked second, while Chennai is at fifth and Delhi at sixth position in the list of 130 cities across the world. Pune, Kolkata and Mumbai stood at the 12th, 16th and 20th positions, respectively, according to JLL 'City Momentum Index' that combines socio-economic and commercial property metrics to identify the world's most dynamic city economies and real estate markets. "Hyderabad has been assessed as the world's most dynamic city from amongst 130 cities across the globe," JLL said in the report. Hyderabad scores among the highest globally across a range of economic indicators such as GDP growth, retail sales and airport passenger Growth.

Last year, Bengaluru was at number one position and Hyderabad ranked second. "India's fastest growing cities have been drawing a significant level of interest from overseas investors. We are starting to see the benefits of the government's reforms on the infrastructure and policy front. Despite a slowing pace of economic growth, these reforms are bringing more market transparency, which boosts investment into real estate," JLL India CEO and Country Head Ramesh Nair said. The commercial real estate in south Indian cities is growing at a rapid pace, he added. "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," Nair said. The state government's focus on business friendly policies and provision of high quality infrastructure along with the availability of quality talent pool and superior quality business parks has given Hyderabad a competitive edge, he added. According to the report, Asia Pacific is home to three-fourth of the world's top 20 cities, which are the most dynamic urban centres 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 in the nation's economy," the report said. 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 ways to reduce the demand for air conditioning with cool roofs that reflect sunlight and absorb less heat as one of the solutions. The growth of "micro-mobility" is another positive step, illustrated by Hyderabad's introduction of smart bikes and rising popularity of electric vehicles. While Hyderabad and Bengaluru as 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. 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. US-based JLL is a Fortune 500 company with annual revenue of USD 16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019.


Comments Section

  • - Mazhar Mohammad, Chartviewindia 04/01/2020Reply

    Intraday traders can look to go long if Nifty sustains above the 12,300 level for more than 30 minutes on Friday and look for a target of 12,390. Contrary to this, a strong close below 12,168 level may lead to weakness in Nifty

    • - Gaurav Ratnaparkhi, Sharekhan 04/01/2020Reply

      Nifty is now a stone’s throw away from its all-time high of 12,293. Structurally, it has climbed towards the upper end of the consolidation range i.e. 12,300. Once the 12,300 level taken out, it will march towards 12,350 and subsequently to 12,400, which is near the rising trendline and daily upper Bollinger Band. The 12,220-12,200 zone will act as immediate support

  • - Ashwin Patil, Senior Research Analyst 04/01/2020Reply

    Among two-wheelers, we prefer Hero MotoCorp as it is a proxy to the economy and rural growth, and an expected good Rabi crop output will drive sales in rural India (55% of volumes). We also like Bajaj Auto, which is now finding good traction in exports markets. On the PVs, we still like Maruti as it is a market leader in PV segment and has a wide array of models in all the segments. Its strength in the rural markets is also its positive. We also like M&M, as robust Rabi crop output and increased MSPs will trigger UVs as well as FES growth. Within the CV space we like Ashok Leyland which is away from any global headwinds. Any news on scrappage policy may lead to a sudden spur in CV stocks

    • - Chandan Taparia 04/01/2020Reply

      Nifty has been consolidating between 12,118 and 12,293 levels since last 11 sessions and now a decisive range breakout with followup action can drive the fresh leg of rally. The index has to continue to hold above 12,250 level to witness an up-move towards the 12,350-12,400 zone, while key support has shifted to 12,150 level

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