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Chandigarh is No.1 emerging growth centre

Special Correspondent

Ranks low on infrastructure scale

CHANDIGARH: The Knowledge City that Chandigarh is aiming to become has another reason to celebrate. It has been ranked No. 1 in a recent Indian study of emerging growth centres conducted by Knight Frank, an official spokesman of the Chandigarh Administration said here on Thursday.

Nagpur has been ranked second while Goa and Kochi have been adjudged third. The spokesman added that 15 cities were surveyed by Knight Frank, a world renowned UK-based global property consultancy, for determining the emerging growth centres in India.

Chandigarh has been ranked highest in terms of real estate, physical infrastructure and business environment parameters and has emerged as the most attractive centre among the 15 emerging growth centres covered in the study.

However, Chandigarh has been ranked low on the social infrastructure parameter due to paucity of star-grade hotels and entertainment avenues but it has been ranked well on the education front. With its even ratings in the sub-parameters of decadal growth, purchasing power and literacy, Chandigarh comes a close second along with Kochi and Indore where the literacy rate and purchasing power of the average consumer are relatively high. The study covered, besides Chandigarh, Ludhiana, Lucknow, Guwahati, Bhubaneswar, Jaipur, Ahmedabad, Surat, Nagpur, Indore, Goa, Visakapatinam, Mysore, Coimbatore and Kochi.

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