India’s tech hub Hyderabad and IT capital Bengaluru are at the top two positions in a list of 30 global short-term growth cities, published by property consultant firm James Lang Laselle (JLL).
Indian cities secured top ranks in the ‘short-term momentum ranking’ in JLL’s latest annual global report titled City Momentum Index (CMI) 2018.
Ho Chi Minh City, Vietnam bagged the third position in the list. Pune has been ranked at fourth, followed by Kolkata at the 5th position.
National capital Delhi is at the 8th position. Chennai (14th) and Mumbai (20th) are also featured in the Global Top 30.
The JLL report found that continued strong demand from technology, finance and pharmaceutical companies keeping take-up volumes buoyant and investor activity on an upward path has made Indian cities to spot on top ranks.
Population, connectivity, real estate investment, property prices, economic output, corporate activity, construction, retail sales were the key parameters for selecting the cities. Read More…