City Momentum Index 2019: Highlights

February 18, 2019 Share Like Labels: bet

About

The report is published by Joneslanglasalle (JLL). JLL is a leading professional services firm that expert in real estate and investment management. The report covers 131 major established and emerging markets and discovers cities that have the most powerful short-term economic and real estate market momentum. It does so by tracking a range of socio-economic and commercial real estate indicators over a three-year period to identify the urban economies and real estate markets undergoing the most rapid expansion. The city index presents a weighted overall score for the sub-scores of 20 variables. For each variable, the model computes a score based on the city’s performance relative to the distribution of all 131 city regions, scaled from zero to one. The top scoring city has a value of 1.

Silicon Valley of India Bangalore is the World’s most dynamic city among 131 major established and emerging business hubs globally as stated by sixth CMI 2019.
Bangalore is followed by Hyderabad.
Other than these cities Delhi ranks fourth, Pune fifth and Chennai seventh featuring into 10 cities. At 15th position, Kolkata is the sixth Indian city ranked amongst the top 20.
19 out of the top 20 countries are from Asia-Pacific. This shows the region’s rapid urbanisation and strong economic growth.
A key theme in this year’s index is of many of the top-ranking cities having a robust technology and innovation system.
Both Bangalore and Hyderabad have thriving information technology and start-up culture which helped them top the rankings.
Asia continues to show string momentum, with cities that are prosperously expanding their renovation economy punching above their weight in terms of attracting capital, companies and people.
Top five Countries:
1. Bangalore
2. Hyderabad
3. Hanoi
4. Delhi
5. Pune
The absence and European and American cities demonstrate a marked East-West growth divide driven by globalization, innovation and demographic factors.
The only non-Asian city on the list is Nairobi which ranks at 6th place which is heavily influenced by the significant amount of infrastructure focussed investment from China.

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