SME Times is powered by   
Search News
Just in:   • Embedded finance to unlock $25 bn revenue opportunity for India’s platforms by 2030  • Hyderabad fastest-growing among 6 Indian cities amid real estate surge  • Celebration of Indian culture in Brazil: PM Modi  • Delhi chokes under ‘severe plus’ air quality amid dense fog  • High-street fashion players looking at India for manufacturing: Report 
Last updated: 19 Nov, 2024  

Hyderabad.     Hyderabad fastest-growing among 6 Indian cities amid real estate surge

Hyderabad.
   Top Stories
» Embedded finance to unlock $25 bn revenue opportunity for India’s platforms by 2030
» Delhi chokes under ‘severe plus’ air quality amid dense fog
» Manipur: HM Amit Shah reviews situation, directs officials to take proactive steps
» India's economy in sweet spot with strong growth, inflation likely to ease: Moody’s
» India’s tech and durables sector sees 13 pc value growth in festive season
IANS | 19 Nov, 2024

Among six leading Indian cities, Hyderabad stands out as the fastest-growing one driven by robust infrastructure development and surging real estate demand, a report showed on Tuesday.

Meanwhile, Mumbai-MMR maintains steady growth across all metrics, reaffirming its position as India’s financial capital, and Delhi-NCR ranks highest for its superior physical infrastructure and governance, according to ‘India Prime City Index’ report by Knight Frank India.

On the other hand, Bengaluru has demonstrated remarkable socio-economic growth, driven by its thriving service sector that attracts a highly-skilled workforce from across India and beyond.

“India’s emergence as a global economic powerhouse is underpinned by the exceptional performance of a select group of cities that have transformed into economic and cultural hubs. Each of the six cities have distinct opportunities to accentuate sustainable and inclusive urban development in the country,” said Gulam Zia, senior executive director, Knight Frank India.

The relative strength of Hyderabad is centred in its growing real estate market, scoring highest among the six cities in the real estate parameter.

The city has witnessed the highest growth rate of 10 per cent (CAGR) in residential launches over the past decade.

Bengaluru ranks second in real estate but remains the top choice for commercial occupiers, with sustained growth in residential real estate, said the report. The city boasts the highest workforce participation rate in the country at 76 per cent and an unemployment rate of just 1.8 per cent — the lowest among the six cities analysed.

Delhi leads the rankings in physical infrastructure. Home to India’s largest metro network, the Delhi Metro boasts a daily ridership of 6.8 million and spans over 350 kms, ensuring seamless connectivity across the National Capital Region (NCR).

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter