Delhi, Mumbai Top the Growth Chart

September 18, 2007	(Be the first to rate this story!)  Loading ...
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Ernst & Young, a global leader in professional services, has recently developed a rating methodology that estimates cities on their potential for economic, urban, and social development.

Of 48 Indian Cities rated by the firm, Delhi and Greater Mumbai have been ranked as the leading Indian cities as far as economic development is concerned.

Earlier, the city’s potential was determined using limited parameters like population and per capita income. Contrary to this, the new indices include prosperity, governance, business environment, and infrastructure and quality of life. All these parameters are covered by the Jawaharlal Nehru National Urban Renewal Mission.

The next level has been occupied by cities such as Bangalore, Chennai, Hyderabad, and Kolkata. And, the next are Pune and Ahmedabad. These were the details of A cities.

Now, let’s take a view at B cities. Surat, Chandigarh, Nagpur, Vadodara, Vishakapatnam and Jaipur figure in the list of B cities. On the other hand, Madurai, Patna and Srinagar have been classified as C cities.

Delhi tops the infrastructure chart with Chennai and Hyderabad doing fairly well. Visakhapatnam and Nagpur come on both business environment and infrastructure index.

This clearly underlines that India offers excellent investment prospects as compared to other property markets in Asia such as China, Vietnam, Malaysia, Indonesia and Thailand.

News Published Under:   Real Estate India |

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