Number of world's 2,000 largest companies based in Mumbai up by 50%

The finding was part of JLL's latest 'Global300' survey on 'Top-10 improver' cities

Mumbai, commercial capital the country, is one of the top-10 improvers in JLL's latest 'Global300' survey.

Top-10 improvers are cities whose scores in the index of 'commercial attraction' have improved the most over the past year. The index of commercial attraction is JLL's primary benchmark of the size and strength of a city's economy and real estate market.

"With growth exceeding 7 per cent in the city over each of the last three years, it is no wonder that Mumbai made a strong presence in the top list. Reforms being undertaken by the national government are boosting confidence in the national and metro area economy. Construction levels are high, with Mumbai increasing its Grade-A stock by 26% over the past three years, and are expected to add an additional 22% over the next three years," said Anuj Puri, chairman, JLL India.

 

Moreover, Mumbai is enhancing its position as a hub for global corporations, with firms among the world's 2,000 largest companies headquartered in the city rising by 50% over the last 10 years. The other cities figuring in the list are Milan (Italy), Istanbul (Turkey), Tehran (Iran), Madrid (Spain), Cairo (Egypt), Riyadh (Saudi Arabia), Lagos (Nigeria), Jakarta (Indonesia) and Jeddah (Saudi Arabia), JLL said.