The JLL’s City Momentum Index 2020 identifies the world’s most dynamic cities from a real estate perspective. In its seventh edition, the annual Index combines socio-economic and commercial property metrics to provide insights into the rapidly evolving geography of business activity, covering 130 major established and emerging business hubs globally. Out of these, 50 cities are from Europe, Middle East and Africa, 38 are from Asia Pacific, 34 are from North America and eight represent Latin America.
The Index weighs cities over sub-scores of 18 variables. These variables are combined to assess short-term economic momentum (covering ‘engine room’ population with 20-40 year olds, economic output, retail sales, air connectivity, corporate headquarters, foreign direct investment) and real estate market momentum (covering absorption, rents, supply (offices, retail, hotels), investment transactions and transparency).
Hyderabad emerges as the world’s most dynamic city, pushing Bangalore to second. While both cities place in the top two globally for their socio-economic momentum, a more active real estate market helps elevate Hyderabad to the top position.
Other five Indian cities that make the top 20 include Chennai (5th), Delhi (6th), Pune (12th), Kolkata (16th) and Mumbai (20th).