Leaving behind popular destinations such as Mumbai and Chennai, Bangalore was ranked as the hottest business destination in the country in a recent ranking unveiled by Global Initiative for Restructuring Environment and Management (GIREM a not for profit organisation) and DTZ, the global leader in property services of the top 21 business destinations in the country.
The report, which scored the cities across various economic, environmental and cultural parameters, ranked Bangalore as the best location for businesses to invest with its strategic location in the southern peninsula, good connectivity, high quality of talent pool, good availability of office space suiting different income groups, a high-quality education system and a welcoming, multifarious city culture.
Shyam Sundar S Pani, President - GIREM said “Bangalore has one of the highest footfalls of business travelers in the country, driven by the booming IT/ITes sector. It also has one of the most resilient real estate markets which offer commercial space at much more competitive rates compared to cities like Delhi, Mumbai or Gurgaon. This coupled with the famed entrepreneurial spirit of the city and a multi-faceted culture which is known to welcome all sorts of ventures, makes Bangalore a highly attractive destination for new businesses to set shop. Through projects such as the Express Rail Link to BIAL, Metrorail Project and the Biotechnology park, the city is fast emerging as an all round contender for business investment.”
Bangalore ranks 1st with a total score of 129.56 out of 160. Leading in parameters such as Schools & Colleges, Ability to attract talent, Office space Availability & City Culture. It lags behind in other parameters. Bangalore is marginally good in Human Capital & Health Care Services and marginally bad in Energy, EHS, Housing, Malls & Multiplexes and Getaways when compared to other cities. It is very critical in Mobility, Helping hand availability & Infrastructure for helping hands.
GIREM has been working actively with local governments and supervisory agencies in the areas of infrastructure planning, sustainable growth and development, aimed at facilitating businesses to overcome issues of infrastructure facilities. As the business landscape across the country gets more saturated, this ranking is an attempt at identifying and creating alternate business destinations for the evolving needs of the sector.
Anshul Jain, Chief Executive, DTZ said “Rapid and unplanned urbanization in the country over the past few decades has led to unprecedented job demand. Job creation is a crucial answer to this challenge which calls for the pressing need to develop new industrial townships and business districts to ease the pressure from the already saturated business destinations. With this report, GIREM and DTZ have identified the 21 best cities in the country for this purpose, few of which are already established while others have the potential to emerge as major business destinations. The ranking provides companies across industries and sectors with insights for future investment opportunities.”
While popular destinations such as Bangalore, Mumbai, Chennai, and Pune continued to occupy top positions, the ranking revealed some unexpected contenders in the Top 10 league including Indore, Bhubaneshwar, Kochi, Coimbatore and Nagpur.
The ranking has been developed in association with leading real estate consultancy DTZ. It rates the cities based on factors such as Human Capital, Energy, Water, Transport, Housing, Healthcare, Climate, Office Space Availability and City Culture, amongst others. These constitute the basic eco-socio-economic factors critical in determining the growth of the city.
Highlights of the study:
· Reigning at the Number 1 position, Bangalore displays high potential to Attract Talent, offers favorable Weather Conditions, good availability of Office Space suiting different income groups, a high-quality Education System and a welcoming, multifarious City Culture. Bangalore is marginally good in Human Capital & Health Care Services and marginally bad in Energy, EHS, Housing, Malls & Multiplexes and Getaways when compared to other cities. It is very critical in Mobility, Helping hand availability & Infrastructure for helping hands.
· At Number 2, Chennai scored the highest in terms of availability of Human Capital, both skilled and non-skilled; cleanliness of Environment, Hygiene and Safety; availability of Healthcare Services and accessibility to short Getaways from the city.
· The 3rd position is occupied by Mumbai which scored highest in terms of availability of Power, efficient Transport Systems and easy availability of Helps such as drivers, cooks, maids, housekeeping etc.
· Pune occupies the 4th position having scored a consistently high score across all major parameters including availability of Human Capital, Power, Water, Safety, Hygiene, Education Systems, Ability to Attract Talent, Climate, Office Space Availability, availability of Help, City Culture and Getaways.
· At number 5, Indore scored relatively higher than most cities on Human Capital, Housing, Climate and Getaways.
· Bhubaneswar at Number 6 is relatively strong in terms of Water, Climate, City Culture and Getaways and shows consistently good standing across all other parameters.
· Gurgaon, which has been hailed as the Millennium City and is one of the leading financial and industrial centres of the country with about 250 Fortune 500 companies, is rated relatively low at No. 19. The city loses out on availability of power, safety and environment, schools & colleges, healthcare facilities and climate. Gurgaon however does lead in availability of affordable Housing for different income segments as well as Malls and Multiplexes which offer new getaways within the city for relaxation and entertainment.
· Chandigarh leads in availability of quality education across primary, secondary, higher & specialized courses with robust Schools and Colleges.
· All 21 cities display very similar efficiency in terms of Water Management with Bangalore and Bhubaneshwar taking the lead by a minor 0.8, followed by Ahmedabad, Calicut, Chandigarh, NOIDA and Pune with the rest coming at similar positions thereafter.
· Same is the case with Mobility in the cities with Mumbai taking the lead, followed by Chennai and Hyderabad; Ahmedabad, Bangalore, Hyderabad and Kolkata closely behind with the rest following suit not too far behind.
· Where Chennai, Chandigarh and Calicut fare high on Environment, Health & Safety, Kolkata, Gurgaon and Vishakhapatnam are fairly low on the ranking.
· Mumbai, Navi Mumbai, Pune and Hyderabad rank fairly low on availability of affordable housing with Gurgaon, Indore, NOIDA, Chandigarh and Calicut faring high on the parameter.
ABOUT THE STUDY
Methodology:
GIREM & DTZ ranked 21 business destination cities based on the availability of eco-socio-economic infrastructure in the cities. The parameters given based on priority and importance were; Human Capital [13], Energy [12], Water [10], Mobility/ Transport [9], EHS (Environment, Health & Safety) [8], Schools & Colleges [7], Housing [7], Healthcare [6], Ability to attract talent [6], Climate [5], Office space availability [5], Malls and Multiplexes [3], Helping Hand Available [3], Infrastructure for Helping Hand (How to take care of Helping Hand) [3], City Culture [2] and Getaways [1]. These weightage will sum up to be 100.
The study was conducted using primary and secondary research methodologies, using both primary & secondary sources of information, including a firsthand account of the research parameters and extensive research.
Each city was measured against each of the given parameters and a score was given on a scale of 0–10, 10 being highest. A final score for every parameter was calculated based on the percentage of individual parameters.
Definitions of Research Parameters:
· Human Capital: the availability of employable workforce, both skilled & unskilled.
· Energy: state of availability of power to serve the industry and habitat.
· Water: efficient water management, how city efficiently produces, accesses and distribution & supply.
· Mobility/ Transport: moving people in the city is the critical aspect of urban planning. Efficient integrated transport systems that the city has provisions for its citizens.
· EHS (Environment, Health & Safety): Crime rates, pollution, waste management, cleanliness and hygiene of the city.
· Schools & Colleges: part of a social infrastructure, how the city has prepared itself to provide education systems across primary, secondary, higher & specialized courses.
· Housing: availability & affordability of housing across segments.
· Healthcare: the city preparedness and readiness to provide healthcare services at different levels, including critical health care.
· Ability to attract talent: agglomeration of workforce into the city. Are the city attractive people to make choices to migrate from the existing environment?
· Climate: the weather – Pleasant, happy?
· Office space availability: does the city provide office space to suit the budgets of different economic levels of office users.
· Malls and Multiplexes: are there new getaways within the city for relaxation and entertainment.
· Helping Hand Available: support service for both office and living. How easy is it to find drivers, cooks, maids, housekeeping etc.
· Infrastructure for Helping Hand (How to take care of Helping Hand): the living conditions for the helping hand.
· City Culture: is it cosmopolitan and open minded to welcome business, what unique culture does the city has to offer for food, theatre, heritage, character.
· Getaways: holiday destinations within the short reach of the city for recreation and leisure.
ABOUT GIREM
GIREM (Global Initiative for Restructuring Environment and Management) is a not for profit, industry body focused on urbanization, future cities, and creating green field eco-socio-economic infrastructure, for creation of jobs and improving quality of life.
GIREM works as a catalyst to the industry and the society at large, working closely with government on policy issues, infrastructure planning and development; facilitate businesses to become competitive through common infrastructure facilities and through a range of specialized services and global linkages.
Since its inception in 2008, GIREM has built a network of highly intellectual professional to work along side city administrator and planners to build green field projects.
What we do:
Three Dimensional Master Plan
Bring in Private Sector in Planning and Investment
Recommend Joint Development Partnerships
Attract Businesses to Create Jobs
Recommend Policies and Incentives
International Partnerships & Affiliation
ABOUT DTZ
DTZ is a global leader in property services. We provide occupiers and investors around the world with industry leading, end- property solutions comprised of leasing agency and brokerage, integrated property and facilities management, capital mark investment and asset management, valuation, building consultancy and project management. In addition, our award winning research and consulting services provide our clients with global and local market knowledge, forecasting and trend analysis t the best long-term decisions for their continuous success far into the future. DTZ has 45,000 employees including sub-contra operating across 208 offices in 52 countries
The report, which scored the cities across various economic, environmental and cultural parameters, ranked Bangalore as the best location for businesses to invest with its strategic location in the southern peninsula, good connectivity, high quality of talent pool, good availability of office space suiting different income groups, a high-quality education system and a welcoming, multifarious city culture.
Shyam Sundar S Pani, President - GIREM said “Bangalore has one of the highest footfalls of business travelers in the country, driven by the booming IT/ITes sector. It also has one of the most resilient real estate markets which offer commercial space at much more competitive rates compared to cities like Delhi, Mumbai or Gurgaon. This coupled with the famed entrepreneurial spirit of the city and a multi-faceted culture which is known to welcome all sorts of ventures, makes Bangalore a highly attractive destination for new businesses to set shop. Through projects such as the Express Rail Link to BIAL, Metrorail Project and the Biotechnology park, the city is fast emerging as an all round contender for business investment.”
Bangalore ranks 1st with a total score of 129.56 out of 160. Leading in parameters such as Schools & Colleges, Ability to attract talent, Office space Availability & City Culture. It lags behind in other parameters. Bangalore is marginally good in Human Capital & Health Care Services and marginally bad in Energy, EHS, Housing, Malls & Multiplexes and Getaways when compared to other cities. It is very critical in Mobility, Helping hand availability & Infrastructure for helping hands.
GIREM has been working actively with local governments and supervisory agencies in the areas of infrastructure planning, sustainable growth and development, aimed at facilitating businesses to overcome issues of infrastructure facilities. As the business landscape across the country gets more saturated, this ranking is an attempt at identifying and creating alternate business destinations for the evolving needs of the sector.
Anshul Jain, Chief Executive, DTZ said “Rapid and unplanned urbanization in the country over the past few decades has led to unprecedented job demand. Job creation is a crucial answer to this challenge which calls for the pressing need to develop new industrial townships and business districts to ease the pressure from the already saturated business destinations. With this report, GIREM and DTZ have identified the 21 best cities in the country for this purpose, few of which are already established while others have the potential to emerge as major business destinations. The ranking provides companies across industries and sectors with insights for future investment opportunities.”
While popular destinations such as Bangalore, Mumbai, Chennai, and Pune continued to occupy top positions, the ranking revealed some unexpected contenders in the Top 10 league including Indore, Bhubaneshwar, Kochi, Coimbatore and Nagpur.
The ranking has been developed in association with leading real estate consultancy DTZ. It rates the cities based on factors such as Human Capital, Energy, Water, Transport, Housing, Healthcare, Climate, Office Space Availability and City Culture, amongst others. These constitute the basic eco-socio-economic factors critical in determining the growth of the city.
Highlights of the study:
· Reigning at the Number 1 position, Bangalore displays high potential to Attract Talent, offers favorable Weather Conditions, good availability of Office Space suiting different income groups, a high-quality Education System and a welcoming, multifarious City Culture. Bangalore is marginally good in Human Capital & Health Care Services and marginally bad in Energy, EHS, Housing, Malls & Multiplexes and Getaways when compared to other cities. It is very critical in Mobility, Helping hand availability & Infrastructure for helping hands.
· At Number 2, Chennai scored the highest in terms of availability of Human Capital, both skilled and non-skilled; cleanliness of Environment, Hygiene and Safety; availability of Healthcare Services and accessibility to short Getaways from the city.
· The 3rd position is occupied by Mumbai which scored highest in terms of availability of Power, efficient Transport Systems and easy availability of Helps such as drivers, cooks, maids, housekeeping etc.
· Pune occupies the 4th position having scored a consistently high score across all major parameters including availability of Human Capital, Power, Water, Safety, Hygiene, Education Systems, Ability to Attract Talent, Climate, Office Space Availability, availability of Help, City Culture and Getaways.
· At number 5, Indore scored relatively higher than most cities on Human Capital, Housing, Climate and Getaways.
· Bhubaneswar at Number 6 is relatively strong in terms of Water, Climate, City Culture and Getaways and shows consistently good standing across all other parameters.
· Gurgaon, which has been hailed as the Millennium City and is one of the leading financial and industrial centres of the country with about 250 Fortune 500 companies, is rated relatively low at No. 19. The city loses out on availability of power, safety and environment, schools & colleges, healthcare facilities and climate. Gurgaon however does lead in availability of affordable Housing for different income segments as well as Malls and Multiplexes which offer new getaways within the city for relaxation and entertainment.
· Chandigarh leads in availability of quality education across primary, secondary, higher & specialized courses with robust Schools and Colleges.
· All 21 cities display very similar efficiency in terms of Water Management with Bangalore and Bhubaneshwar taking the lead by a minor 0.8, followed by Ahmedabad, Calicut, Chandigarh, NOIDA and Pune with the rest coming at similar positions thereafter.
· Same is the case with Mobility in the cities with Mumbai taking the lead, followed by Chennai and Hyderabad; Ahmedabad, Bangalore, Hyderabad and Kolkata closely behind with the rest following suit not too far behind.
· Where Chennai, Chandigarh and Calicut fare high on Environment, Health & Safety, Kolkata, Gurgaon and Vishakhapatnam are fairly low on the ranking.
· Mumbai, Navi Mumbai, Pune and Hyderabad rank fairly low on availability of affordable housing with Gurgaon, Indore, NOIDA, Chandigarh and Calicut faring high on the parameter.
ABOUT THE STUDY
Methodology:
GIREM & DTZ ranked 21 business destination cities based on the availability of eco-socio-economic infrastructure in the cities. The parameters given based on priority and importance were; Human Capital [13], Energy [12], Water [10], Mobility/ Transport [9], EHS (Environment, Health & Safety) [8], Schools & Colleges [7], Housing [7], Healthcare [6], Ability to attract talent [6], Climate [5], Office space availability [5], Malls and Multiplexes [3], Helping Hand Available [3], Infrastructure for Helping Hand (How to take care of Helping Hand) [3], City Culture [2] and Getaways [1]. These weightage will sum up to be 100.
The study was conducted using primary and secondary research methodologies, using both primary & secondary sources of information, including a firsthand account of the research parameters and extensive research.
Each city was measured against each of the given parameters and a score was given on a scale of 0–10, 10 being highest. A final score for every parameter was calculated based on the percentage of individual parameters.
Definitions of Research Parameters:
· Human Capital: the availability of employable workforce, both skilled & unskilled.
· Energy: state of availability of power to serve the industry and habitat.
· Water: efficient water management, how city efficiently produces, accesses and distribution & supply.
· Mobility/ Transport: moving people in the city is the critical aspect of urban planning. Efficient integrated transport systems that the city has provisions for its citizens.
· EHS (Environment, Health & Safety): Crime rates, pollution, waste management, cleanliness and hygiene of the city.
· Schools & Colleges: part of a social infrastructure, how the city has prepared itself to provide education systems across primary, secondary, higher & specialized courses.
· Housing: availability & affordability of housing across segments.
· Healthcare: the city preparedness and readiness to provide healthcare services at different levels, including critical health care.
· Ability to attract talent: agglomeration of workforce into the city. Are the city attractive people to make choices to migrate from the existing environment?
· Climate: the weather – Pleasant, happy?
· Office space availability: does the city provide office space to suit the budgets of different economic levels of office users.
· Malls and Multiplexes: are there new getaways within the city for relaxation and entertainment.
· Helping Hand Available: support service for both office and living. How easy is it to find drivers, cooks, maids, housekeeping etc.
· Infrastructure for Helping Hand (How to take care of Helping Hand): the living conditions for the helping hand.
· City Culture: is it cosmopolitan and open minded to welcome business, what unique culture does the city has to offer for food, theatre, heritage, character.
· Getaways: holiday destinations within the short reach of the city for recreation and leisure.
ABOUT GIREM
GIREM (Global Initiative for Restructuring Environment and Management) is a not for profit, industry body focused on urbanization, future cities, and creating green field eco-socio-economic infrastructure, for creation of jobs and improving quality of life.
GIREM works as a catalyst to the industry and the society at large, working closely with government on policy issues, infrastructure planning and development; facilitate businesses to become competitive through common infrastructure facilities and through a range of specialized services and global linkages.
Since its inception in 2008, GIREM has built a network of highly intellectual professional to work along side city administrator and planners to build green field projects.
What we do:
Three Dimensional Master Plan
Bring in Private Sector in Planning and Investment
Recommend Joint Development Partnerships
Attract Businesses to Create Jobs
Recommend Policies and Incentives
International Partnerships & Affiliation
ABOUT DTZ
DTZ is a global leader in property services. We provide occupiers and investors around the world with industry leading, end- property solutions comprised of leasing agency and brokerage, integrated property and facilities management, capital mark investment and asset management, valuation, building consultancy and project management. In addition, our award winning research and consulting services provide our clients with global and local market knowledge, forecasting and trend analysis t the best long-term decisions for their continuous success far into the future. DTZ has 45,000 employees including sub-contra operating across 208 offices in 52 countries
