The World Economic Forum unveiled on its site the top 30 global cities’ ranking from the yet to be launched JLL’s City Momentum Index (CMI) 2019, that lists Hyderabad at second position.
Hyderabad has recently been ranked among top five cities in the world to have shown a quick rise in residential property values in the last one year, as per Knight Frank Global Residential Cities Index-2018.
WEF adds, “Although momentum in the global economy appears to have peaked, there are still many cities in the world where real estate and economic growth continue to be robust.”
JLL’s City Momentum Index, now in its sixth iteration, focuses on momentum for the world’s most commercially active cities. The City Momentum Index shows how businesses and governments can work together to make this happen.
Tracking a range of socio-economic and commercial real-estate indicators to identify attributes for success over the short term, the CMI ranks 131 major established and emerging business hubs across the globe to identify the urban economies and real-estate markets that are currently undergoing the most rapid expansion.