Hyderabad has secured the first position in the short-term momentum ranking of JLL’s annual global report titled City Momentum Index (CMI) 2018.
The report ranked Hyderabad (1st), Bengaluru (2nd), Pune (4th), Kolkata (5th) and Delhi (8th) in the top 10 cities out of the 30 top global short-term growth cities. Chennai (14th) and Mumbai (20th) are also on the global annual ranking.
CMI’s short-term momentum rankings identify urban economies and real estate markets which are currently undergoing the most rapid growth and ranks them considering their performance based on various parameters.
Indian cities performed extremely well on key parameters of the population – representing human resource, connectivity, real estate investments, property prices, economic output, corporate activities, construction and retail sales.
City Momentum Index, now in its fifth year, tracks a broad range of factors to identify those cities which possess the attributes for success over the short and long term. The Index covers 131 major established and emerging business hubs across the globe, measuring each city’s short-term socio-economic and commercial real estate momentum, together with its ‘future-proofing’ capacity – the ability to maintain this momentum over the longer term.