Growth momentum high in Hyderabad, Bengaluru

Hyderabad and Bengaluru are at the top two positions in a list of 30 global short-term growth cities, according to property consultant JLL.

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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 (5) and Delhi (8) in the top 10 cities out of the 30 top global short-term growth cities.

“Chennai (14) and Mumbai (20) completed India’s stellar show on the annual rankings,” JLL said in the report.

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. 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 Kand Country Head Ramesh Nair said.  

Green building market to double by 2022

India’s green building market is estimated to double by 2022 at 10 billion sq ft, valuing around $35-50 billion, driven by increasing awareness level, environmental benefits and government support, according to property consultant ANAROCK.

“India ranks only second after the US in terms of the number of green technology projects and built-up area,” said Anuj Puri, Chairman, ANAROCK Property Consultants.

More than 4,300 projects with about 4.7 billion sq ft of built-up area had registered for green technology as of September 2017, ANAROCK said in its report ‘Go Green - The Mantra for Sustainable Living’.

“The Indian green buildings’ market is expected to double and may reach around 10 billion sq ft by 2022, valued between $ 35 billion-$50 billion”, he added.        — PTI