Hyderabad- the World’s fifth most Dynamic city!

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According to the World Economic Forum, of the world’s 10 most dynamic cities, Hyderabad secured the fifth position. This was as per the City Momentum Index (CMI) released by JLL for 2017. The World Economic Forum said, “More than half of the top 30 in the 2017 rankings are in the Asia-Pacific region. Bangalore, India’s tech center, took the number one spot. In fact, India snatched the lead from China as home to some of the world’s fastest-changing cities, taking six of the top 30 positions, compared with China’s five.”

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The City was in 16th place in the year 2016 according to the list this year, by beating some major cities like New York, Beijing, and Seattle, Hyderabad has secured its fifth position on the list. London, Shanghai and Silicon Valley have been the only cities that have consistently been in the top ten list after the index started publishing in 2014. For the ranking, the company considers the environment, development, housing and several other factors for the ranking.

Other factors include socio-economic factors, corporate headquarters, air travelers, and FDI’s. 30% consideration is also given to commercial real estate momentum which includes changes in construction, rents, investments and also transparency of service, retail and office sectors.

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