Bengaluru has emerged as the most dynamic city in the World per an annual City Index listed by Jones Lang LaSalle. This is the index’s 4th edition. The index records the pace of transformation of an economy of a city and its commercial property prospects. A total of 134 cities is covered based on their potential and fundamentals.
Top 5 Cities
- Bengaluru, India
- Ho Chi Minh City, Vietnam
- Silicon Valley, United States
- Shanghai, China
- Hyderabad, India
Top 5 Indian Cities
- Bengaluru (Rank -1)
- Hyderabad (Rank – 5)
- Pune (Rank – 13)
- Chennai (Rank – 17)
- Delhi (Rank – 23)
It is interesting to note that Asia remains a bright spot in World’s dynamic city index. With 15 of the top 30 cities, it has registered a significant presence on the Global Map. Out of this India has contributed about half of the cities with 6 cities in the list.
Bengaluru as a city and realty hotspot has been performing well with huge long-term potential. This has been noted and documented by several property experts. Square Yards research team has also endorsed Bengaluru as a significant property destination.
“Over the last few years, when real estate markets in most of the nations have been subdued, Bangalore has been demonstrating higher growth momentum driven by large employment base & convenient property prices. In 2016 the positivity in the Bengaluru market continues with demand emanating out of both local residents as well as the NRI clientele base. The city, which is also called the Silicon Valley of India is also amongst the major recipient of NRI investment in India along with Mumbai, the financial capital of India.” – Excerpt from a 2016 real estate report by Square Yards Research The city momentum index developed by JLL has identified 42 metrics across 3 broad sectors
Short – Term momentum encompasses Foreign Direct Investment (FDI), Population, Corporate HQs, Air Connectivity, Retail Sales, and Economic Output.
Commercial Real Estate Momentum includes factors like Transparency, Hotels, Absorption, Investment Transactions, Office Spaces, Construction, Retail, and Price.
Long-Term Fundamentals are ascertained from metrics like Technology Firms, Innovation Capability, International Patent Applications, Environmental Quality, and Higher Education Infrastructure.
A key reason for Bengaluru to reach the top for the first time would be its responsiveness and adaptability amidst a global transformation in way cities grow.
