Bangalore is the number one location for technology firms looking to establish and expand business operations in Asia, as per a study released by global real estate services and investment management company Colliers International on Wednesday.
Bangalore, ranked first, will be the fastest-growing city in Asia for the next 10 years. The city has a wide and deep talent pool. It also has the largest stock of Grade A office space in the region after Tokyo, low staff costs and office rents, and low cost of living. The Silicon Valley of India, however, scored less on the quality of space, accommodation and road infrastructure.
Colliers analysed 16 large Asian cities on socio-economic, property and human factors. Bangalore (67.9 per cent) topped, followed by Singapore (62.6 per cent), Shenzhen (60.9 per cent), Beijing (60.3 per cent) and Shanghai (60.1 per cent) as the top five locations in the region.
Singapore scored on its strong talent pool, personal tax rate, safety and living quality, said the report titled ‘Top Locations in Asia — Technology Sector.’ The Colliers study also placed Hyderabad at sixth position (59.3 per cent), Mumbai at 10th (57.3 per cent) and Delhi/NCR at the 11th (57.1 per cent) spot.