To boost the tourism in state, Karnataka government has decided to replicate New York's famous Times Square in Bengaluru. The government is planning to build Bengaluru's Times Sqauare at the Residency Road and Brigade Road intersection in central business district (CBD) where currently a war memorial is situated.
Mayor R Sampath Raj last week had made the announcement last week.
“We want the city to have a Bengaluru Square similar to Times Square. We are planning it at the entrance of Brigade Road. Bengaluru is fast becoming a global city, and there should be something to celebrate that. We have asked Swati Ramanathan, the brain behind TenderSURE, to start working on a detailed project report,” the mayor said.
MLA NA Haris told TOI that since MG Road and Church Street are popular tourist spots, the residents of the city demanded that it should be converted into a walkers' zone like Times Square.
Meanwhile, Hyderabad and Bengaluru are at the top two positions in a list of 30 global short-term growth cities, according to property consultant JLL.
Indian cities dominated the 'short term momentum ranking' in JLL's latest annual global report City Momentum Index' (CMI) 2018.
Pune has been ranked at fourth, followed by Kolkata (5th) and Delhi (8th) in the top 10 cities out of the 30 top global short-term growth cities.
"Chennai (14th) and Mumbai (20th) completed India's stellar show on the annual rankings," JLL said in the report.
JLL said it's CMI's short-term momentum rankings identify urban economies and real estate markets which are currently undergoing the most rapid growth.
Indian cities performed extremely well on key parameters of human resource, connectivity, real estate investments, property prices, economic output, corporate activities, construction and retail sales.
"India maintained it's pre-eminence in the Short-Term Momentum rankings as these cities registered among the highest rates of demographic and economic growth globally, while also benefiting from government efforts to boost business attractiveness and invest in infrastructure," the report said.
While Indian cities have performed exceedingly well in the short-term momentum index, it will be a delight to see them become long-term investment destinations in the future, JLL India CEO and Country Head Ramesh Nair said.
