India’s Silicon Valley, Bengaluru has been ranked among top 20 technology-rich cities in the world in a survey done by Jones Lang LaSalle.
This is JLL’s second annual City Momentum Index (CMI), which tracks the speed of change of a city’s economic base and its commercial real estate market.
Good economic growth, investments in infrastructure, startups and good supply of prime office space boosted Bangalore's performance in the survey.
The Metro Rail, a bus rapid transport system on the outer ring road, together with a rise in FDI projects have also helped the city's economic growth, which is expected to reach 8 per cent this year and make Bengaluru among the fastest-growing major cities in the world, JLL said.
Take a look at the top 10 technology-rich cities…
With robust economic fundamentals, large volumes of cross-border real estate investment and a positive outlook for commercial property prices, London tops the 2015 City Momentum Index.
London also continues to hold its reputation as a global tech hub.
With Silicon Valley as the global hub of the high-tech venture capital industry, San Jose ranks second among technology-driven cities such like Boston and San Francisco. The city has also seen a strong growth in property investment during 2014.
China is home to 7 cities in the list of top 20 dynamic cities. Beijing, China’s capital list is the topper among Chinese cities.
The city is home to most of China's largest state-owned companies, technology companies, hub for the national highway, expressway and railway networks.
Shenzhen in the Pearl River Delta has found renewed energy on the back of its technology sector and neighbouring Guangzhou features just outside the Top 20.
Shanghai is among the most developed and prosperous in cities in China. It is also China’s educational, cultural and financial centre.
Ho Chi Minh City
Ho Chi Minh City is the biggest improver in the CMI 2015 and makes it into the Top 20 off the back of strong FDI, as companies look beyond China as a base for manufacturing.
Boston's rise as a tech-rich city has been helped by strong growth in property investment.
Shanghai, Nanjing, Wuhan and Chongqing form a strong corridor along the Yangtze River, while the emerging megacity of Beijing-Tianjin in the north is showing high levels of dynamism, states the JLL study.
San Francisco is a cultural, commercial, and financial centre. The city has seen a high investment in property in 2014.
Chongqing is one of the five national central cities in China.
A major manufacturing centre and transportation hub, the Economist Intelligence Unit ranked it as one of China's 13 emerging megacities.