Silicon Valley of India Current Affairs - 2019
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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:
- 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.
Tags: Asia-Pacific • Bengaluru • Chennai • City Momentum Index • Delhi • GST • Hyderabad • JLL • Kolkata • Pune • RERA • Silicon Valley of India • World Dynamic Cities 2019 • world's most dynamic city