According to property consultant JLL report named ‘City Momentum Index 2016: The Rise of the Innovation-Oriented City’, Bengaluru is ranked first in the Asia Pacific region in terms of city’s socio-economic growth and momentum in the commercial real estate space.
- Report takes in account whether a city has the essential ingredients to ensure long-term sustainable momentum.
Top cities in Global:
London, Silicon Valley Dublin, Bengaluru and Hyderabad is at 17th position in the global ranking.
- Among the top 20, Asia Pacific accounts for the largest share with 11 cities among the world’s most dynamic urban economies. These include ‘Established World City’ Tokyo, and ‘Challengers’ or cities competing for global reach and influence, such as Sydney, Seoul and Shanghai. The top 20 also includes ‘New World Cities’ such as Auckland.
Top 10 cities in Asia Pacific:
Sydney, Shanghai, Beijing, Shenzhen, Tokyo, Nanjing, Hyderabad, Melbourne and Seoul.
- Covering 120 major established and emerging business hubs across the globe, the index measures a city’s short-term socio-economic and commercial real estate momentum.
- Bengaluru is the ‘Silicon Valley‘ of India with its mix of research institutes and higher education establishments contributing to the creation of a strong information technology cluster (IT)