hyderabad sources stated that according to the seventh edition of the City Momentum Index by global real estate services firm JLL, the city has pushed bengaluru to second place to regain the top position after a gap of one year. Meanwhile chennai is at fifth and delhi is at sixth place and hyderabad and bengaluru are 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, says the report released by the US based Jones Lang Lasalle (JLL) on saturday night.
Furthermore hyderabad has seen tremendous growth in 2019 in line with that of Bengaluru. Perhaps the city has actively embraced technology driven economic growth and attracted large tech giants and e-commerce players. Further 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, said Ramesh Nair, CEO and Country Head india, JLL.
Moreover 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. Apparently 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 technology to reduce the demand for air conditioning with cool roofs that reflect sunlight and absorb less heat. "The growth of "micro-mobility" is another positive step, illustrated by Hyderabad's introduction of smart bikes and electric cars. Smart city solutions, such as bike rentals, improved quality of life, help increase inclusion and aid in the transition to a low carbon environment.