LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Property market in India: Bengaluru, Hyderabad top short-term growth cities ranking

Indian cities performed extremely well on key parameters of human resource, connectivity, real estate investments, property prices, economic output, corporate activities, construction and retail sales. "India maintained it's pre-eminence in the Short-Term Momentum rankings as these cities registered among the highest rates of demographic and economic growth globally, while also benefiting from government efforts to boost business attractiveness and invest in infrastructure," the report said.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Property market in India: Bengaluru, Hyderabad top short-term growth cities ranking
Property market in India: Hyderabad and Bengaluru are at the top two positions in a list of 30 global short-term growth cities, according to property consultant JLL. Image source: Reuters
Written By: PTI
Updated: Sun, Apr 01, 2018
04:21 pm
New Delhi, PTI
RELATED NEWS
Residential sales in H2 2017 were 19% better than H2 2016: Knight Frank Residential sales in H2 2017 were 19% better than H2 2016: Knight Frank
Asia shares reach decade top on China data, dollar in doldrums Asia shares reach decade top on China data, dollar in doldrums
China to step up property market regulation to avoid bubble risk China to step up property market regulation to avoid bubble risk
Few days left for registration under RERA Act; Are builders ready? Few days left for registration under RERA Act; Are builders ready?
Unsold home inventory drops 17% but remains high at nearly 6 lakh, Mumbai leads followed by NCR and Bengaluru Unsold home inventory drops 17% but remains high at nearly 6 lakh, Mumbai leads followed by NCR and Bengaluru

Property market in India: Hyderabad and Bengaluru are at the top two positions in a list of 30 global short-term growth cities, according to property consultant JLL. Indian cities dominated the 'short term momentum ranking' in JLL's latest annual global report "City Momentum Index' (CMI) 2018. Pune has been ranked at fourth, followed by 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) completed India's stellar show on the annual rankings," JLL said in the report. JLL said it's CMI's short-term momentum rankings identify urban economies and real estate markets which are currently undergoing the most rapid growth.

Indian cities performed extremely well on key parameters of human resource, connectivity, real estate investments, property prices, economic output, corporate activities, construction and retail sales. "India maintained it's pre-eminence in the Short-Term Momentum rankings as these cities registered among the highest rates of demographic and economic growth globally, while also benefiting from government efforts to boost business attractiveness and invest in infrastructure," the report said.

While Indian cities have performed exceedingly well in the short-term momentum index, it will be a delight to see them become long-term investment destinations in the future, JLL India CEO and Country Head Ramesh Nair said.

While economic energy is propelling India's cities forward, the consultant said that many of these cities also face challenges like strains on infrastructure and local amenities, high levels of economic disparity and affordability issues and environmental degradation.

In order to maintain their growth over the longer term, these cities will need to focus on future-proofing their markets through improved liveability and affordability, regulatory transparency and physical and technological infrastructure.

"The need to take into account a city's future-proofing capabilities is increasingly recognised by real estate investors, developers and corporations. For investors, it is imperative to comprehend which cities will be able to gain from transformations for long-term value preservation and growth," Nair said.

Hyderabad and Bengaluru, have been leading India's prowess in the global IT/ ITeS and BPM domain.
Bengaluru remains the largest Grade A office market in terms of leasing activities. Apart from being a major outsourcing location for multinational corporations, it is also home to research and development facilities for a growing number of global companies.

However, in recent quarters, Hyderabad has picked pace on account of favourable government policies that have had positive impact on the office market in the city.

Global brands like Deloitte, Qualcomm and Microsoft, to name a few, have established themselves in the market. Another trend seen in the report was the relatively lower positions of tier 1 markets of Delhi and Mumbai which were at position 8th and 20th respectively.

However, JLL said Delhi and Mumbai are stable markets, with great investment and growth potential.

Watch this Zee Business video

"Despite concerns on parameters like sustainability, ecological and infrastructural development etc, these locations, on account of their size, demand and rental and capital values, may be one of the firsts to move towards the long-term investment quadrant in the future," the report said.  

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Property MarketindiaCity Momentum IndexReal Estate
RELATED NEWS
Residential sales in H2 2017 were 19% better than H2 2016: Knight Frank Residential sales in H2 2017 were 19% better than H2 2016: Knight Frank
Asia shares reach decade top on China data, dollar in doldrums Asia shares reach decade top on China data, dollar in doldrums
China to step up property market regulation to avoid bubble risk China to step up property market regulation to avoid bubble risk
Few days left for registration under RERA Act; Are builders ready? Few days left for registration under RERA Act; Are builders ready?
Unsold home inventory drops 17% but remains high at nearly 6 lakh, Mumbai leads followed by NCR and Bengaluru Unsold home inventory drops 17% but remains high at nearly 6 lakh, Mumbai leads followed by NCR and Bengaluru

LATEST NEWS

Post office account holder? Important news on cash deposit, withdrawal - check new charges on savings, current and other accounts

UPSC Prelims exam 2021 to fill IAS, IFS, IPS and other posts on June 27—check notification on upsc.gov.in

Redmi Note 10, Redmi Note 10 Pro and Redmi Note 10 Pro Max launch today: Check timings, how to watch event live streaming, expected price and more

Biden congratulates team NASA, says Indian Americans are ''taking over the country''

Anil Singhvi’s Strategy March 5: Make or break levels at Nifty is 14,900-14,925 & Bank Nifty is 35,100-35,125

Bajaj Auto Share price: Sharekhan Maintains Buy rating with price target of Rs 4589

Yes Bank and SBI: Technical Analysis for Traders and Investors

Rakesh Jhunjhunwala picked Tata Motors for his portfolio during Covid Pandemic II Reasons Highlighted

Policybazaar.com IPO: Capital boost! Check latest news here

Planning to apply for driving licence online? Big convenience! No need to visit RTO office anymore - Here is why

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved