Hyderabad ranks 2nd in short term growth category of JLL CMI-2019

HYDERABAD: Hyderabad stood at second position among the top 20 most dynamic cities in short term growth category of the world. According to a report published by World Economic Forum as a part of the WEF Annual Meeting, the rank of Hyderabad dips in short term growth category in an annual report of JLL City Momentum Index (CMI)-2019 (this is yet to be released).

The JLL City Momentum Index Short-Term Momentum rankings identify the urban economies and real estate markets which are currently undergoing the most rapid growth.

As per the WEF report, “The rankings track a range of socioeconomic and commercial real-estate indicators to identify attributes for success over the short term”.

In the last year’s city momentum index rankings, parameters like public infrastructure, start-ups, patent applications, innovation capability and quality of environment were also considered.

According to the JLL CMI -2018 rankings, India maintains its pre-eminence in the Short-Term Momentum rankings with four of the top five markets, as its cities register among the highest rates of demographic and economic growth globally, while also benefitting from government efforts to boost business attractiveness and invest in infrastructure.

The country’s leading tech hubs Hyderabad and Bengaluru take the two top positions, Hyderabad at 1^st and Bengaluru at 2^nd which changes this year as Bengaluru now hold the first position and Hyderabad at second in CMI-2019 rankings. While in 2018 rank of Delhi was 8^th , Pune was at 5^th , Chennai at 14^th and Kolkata at 5^th among the Global top 30, this year in JLL CMI-2019 rankings, Delhi’s position improved and it comes at 4^th position and Chennai at 7^th position.