Tuesday, September 18, 2007

Pune is "A" city! The FICCI-Ernst and Young Indian Real Estate Report, 2007: says, stop calling tier I, II and II cities. Start calling A, A+,

Delhi and Mumbai "A++"
Bangalore, Chennai, Hyderabad, Kolkatta are "A+"
Pune and Ahmedabad "A"
Surat, Chandigarh, Nagpur, Vadodara, Visakhapatnam and Jaipur "B++"

The ratings are based on five critical indices, city prosperity, urban governance, business environment, quality of life and infrastructure, encompassing 55 parameters.

Ernst and Young Partner and National Leader (Real Estate Practice) Ganesh Raj said: "An attempt has been made to rank the cities based on scientific methodology and statistical tools. The term tier I, II and II cities are loosely used".

The assessment of potential in different cities across India would assist the government, industry, developers and investors to systematically plan the inflow of investments and the development of cities, he added.

The report, which will be released on September 27 at FICCI's International Real Estate summit to be held in Mumbai.

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