After years of no show on the global annual survey, for the first time, three cities from India have featured amongst the top world order as a part of the ‘Emerging World Cities’ group.
This was revealed in JLL’s latest research entitled World Cities: Mapping the Pathways to Success, which shows that amongst the Emerging World Cities category, Delhi and Mumbai are deemed Megahubs while Bengaluru is high Enterprisers city.
The annual global survey is published in conjunction with The Business of Cities. The report maps top business destinations across the world categorizing them into various groups to understand the investor and development sentiments and potential for business growth to evaluate their strengths and opportunities for the real estate investors, developers and corporate occupiers. Over 80 cities globally are considered for evaluation fort this report and slotted into four categories and ten sub categories.
“While we have seen Indian cities performing better on global platforms, our cities are still far behind when compared to the elite seven or the contending cities, signalling a much needed shift towards higher productivity and transparency. In order to get there, we must concentrate firstly on further improvements in technical and higher education to increase the number of job-ready graduates and secondly, overcoming the issue of sub-optimal use of land in the central areas of major business districts that have the potential to become growth hubs. The reduction of the informal economy, tackling unsustainable patterns of sprawl and retrofitting of resilient infrastructure are also important to maintain a strong growth profile that will further push our cities towards the top global order,” said Ramesh Nair, CEO and Country Head, JLL India.