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The city has pushed Bengaluru to second place to regain the top position after a gap of one year. Chennai is at fifth and Delhi is at sixth place.
While Hyderabad and Bengaluru are the top two cities globally for socio-economic momentum, a more active real estate market helped elevate Hyderabad to first position in the overall ranking, says the report released by the US-based Jones Lang Lasalle (JLL) on Saturday night.
Hyderabad recorded the highest office net absorption in 2019 (as a proportion of existing stock) of any city globally, while it is also among the world's best-performing cities for prime office rental growth.
While all seven major Indian cities feature in this year's Global Top 20, cities in south India in particular - Hyderabad, Bengaluru and Chennai (5th) "are ahead of their northern peers, supported by favourable demographics and business climates".
"Their expanding tech industries and start-up cultures make them a magnet for young and ambitious talent from across the country, with Bengaluru having one of the world's largest concentrations of 'engine room' population (20-40 year olds), typically the most dynamic and productive age cohort," says the report.
Kolkata and Mumbai made it to the top 20, and stood at the 16th and 20th positions. Despite economic slowdown, India leads 2020 Index with seven Indian cities in the top 20.
"Commercial real estate in south Indian cities is growing at a rapid pace. Hyderabad has seen tremendous growth in 2019 in line with that of Bengaluru. The city has actively embraced technology driven economic growth and attracted large tech giants and e-commerce players. The state government's focus on business friendly policies and provision of high quality infrastructure along with availability of quality talent pool and superior quality business parks has given Hyderabad a competitive edge, said Ramesh Nair, CEO and Country Head - India, JLL.
Several cities in the top 20 stand out as they transform their urban environments in pursuit of a low-carbon future.
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