Hyderabad Ranked Fastest Growing City for Infra Development

25 Nov 2024 CW Team

Hyderabad has emerged as the fastest-growing city in India among the top six, excelling in key areas such as governance, socio-economic profile, physical infrastructure, and real estate. According to the latest India Prime City Index report by Knight Frank India, the city has experienced remarkable growth, driven by extensive infrastructure projects, a surge in real estate demand, and a rising population of ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs). Proactive policy initiatives have also played a role in enhancing the city’s socio-economic landscape.

Following Hyderabad, Bengaluru ranks as the second fastest-growing city, largely due to its strong talent pool and dynamic business ecosystem that fosters entrepreneurship. Mumbai and the Mumbai Metropolitan Region (MMR) have shown steady growth across all parameters, reaffirming their position as India's financial hub, while Delhi-NCR leads in physical infrastructure and governance.

Gulam Zia, Senior Executive Director at Knight Frank India, emphasized that the growth of these cities highlights India's emergence as a global economic force, with each city contributing to sustainable and inclusive urban development. Hyderabad is recognized for its rapid growth in the real estate sector, Bengaluru for its socio-economic progress, and Delhi-NCR for its infrastructure and governance capabilities.

Madhusudhan G, CMD of Sumadhura Group, attributed Hyderabad’s growth to its thriving IT and technology sectors, coupled with substantial infrastructure projects like the Outer Ring Road and metro expansions, which have significantly improved connectivity and driven economic activity. Additionally, investor-friendly policies and competitive property prices compared to cities like Mumbai and Delhi have further fueled the city's expansion.

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