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World Dynamic City 2019

The City Momentum Index of JLL which identifies World Dynamic Cities has been released by the property consultant JLL.

About the Index

The City Momentum Index of JLL measures momentum for 131 of the world’s most commercially active cities by tracking a range of socio-economic and commercial real estate indicators over a three-year period to identify the urban economies and real estate markets undergoing the most rapid expansion.

The Index measures short-term momentum over a three-year horizon and identifies urban economies and real estate markets which are currently undergoing significant rapid growth.

World Dynamic Cities 2019

The standings of the various cities under the 2019 survey are listed below:

Top 10 Cities

  • Silicon Valley of India, Bengaluru has emerged as the world’s most dynamic city among 131 major established and emerging business hubs globally.
  • The Second place is occupied by Hyderabad.
  • Other Indian cities which featured in the top 20 list are Delhi (4th), Pune (5th), Chennai (7th) and Kolkata (20th).
  • 19 of the top 20 cities from are from the Asia Pacific. This showcases the region’s rapid urbanisation and strong economic growth.

The Index notes that implementation of reforms such as RERA and GST with a focus on improving infrastructure and improving ease of doing business has brought in more transparency in the real estate sector and has given a strong impetus to the sector. As a result, India is receiving greater interest from foreign real estate investors who are seeking to tap into the countries favourable growth dynamics.

Month: Categories: International Current Affairs 2018UPSC Current Affairs - 2019

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Telangana to have separate High Court from 1st January 2019

Separate High Courts will start functioning for the states of Telangana and Andhra Pradesh from 1st January 2019. The High Court for Telangana is the 25th High Court in the country.

Telangana was carved out of Andra Pradesh in 2014 and the two states continued to have a common high court in Hyderabad.

Separate High Courts

The modalities of the separate high courts are:

  • The High Court for Telangana will function from the current High Court building in Hyderabad.
  • The High Court for Andhra Pradesh will start functioning from a temporary building at Amaravati until it gets a permanent structure.
  • 16 judges have been allocated to Andhra Pradesh High Court and ten have been allocated to Telangana High Court.
  • Justice TBN Radhakrishnan will be sworn-in as Chief Justice of the Telangana High Court.

The government of Andhra Pradesh is constructing a complex known as Justice City in Amaravati where the High Court, subordinate courts and some tribunals would be accommodated.

Month: Categories: States Current Affairs - 2018

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