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Mumbai, Delhi among world's top-30 'super cities'

Source: PTI
January 03, 2016 12:12 IST
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Mumbai is also on the top-10 'improvers' list

Two Indian cities -- Delhi and Mumbai -- have made it to a top-30 list of the world's most powerful, productive and connected cities.

According to the study conducted by international real estate consultancy JLL, India's financial capital Mumbai has been ranked 22nd while the national capital Delhi is placed at 24th.

Japan's Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo. Photograph: Kimimasa Mayama/Reuters.

The list is topped by Tokyo, which along with New York, London and Paris, make the top four 'super cities'. These four were the destination of over 50 per cent of all foreign capital invested in the Global Top 30 cities.

The NASDAQ MarketSite electronic billboard is seen in Times Square in New York. Photograph: Andrew Kelly/Reuters.

JLL said its Top-30 global cities account for 64 per cent of the total cross-border investment into the 'Global300' - an expanded index of the cities in terms of their "commercial attraction" or economic and real estate power and status.

Mumbai is also on the top-10 'improvers' list.

A newly-wed bride poses at Duomo square in Milan. Photograph: Flabio Lo Scalzo/Reuters.

Top-10 improvers are cities whose scores in the index of "commercial attraction" have improved the most over the past year.

Other cities where commercial attraction has improved significantly include Milan (Italy), Istanbul (Turkey), Tehran (Iran), Madrid (Spain), Cairo (Egypt), Riyadh (Saudi Arabia), Lagos (Nigeria), Jakarta (Indonesia) and Jeddah (Saudi Arabia).

London is ranked 3rd in the list. Photograph: Reuters.

"With growth exceeding 7 per cent in the city over each of the last three years, it is no wonder that Mumbai made a strong presence in the top list," JLL said, adding that reforms being undertaken by the national government are boosting confidence in the national and metro area economy.

JLL further said Mumbai is enhancing its position as a hub for global corporations, with firms among the world's 2,000 largest companies headquartered in the city - rising by 50 per cent over the last 10 years.

The Eiffel Tower is illuminated during the traditional Bastille Day fireworks display in Paris. Photograph: Gonzalo Fuentes/Reuters.

The index of commercial attraction is JLL's primary benchmark of the size and strength of a city's economy and real estate market.

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