Delhi is the best place to reside: Report

Mumbai, Sep 27 (UNI) Keeping pace with accelerated growing economy added with high quality of life, transporatation and infrastructure, Delhi has emerged on top among 48 Indian cities, including Mumbai, as the best place to reside, according to a report by Ernst&Young.

The report, which took into consideration 57 parameters before arriving at the conclusion, said if a comparison was to be drawn between Delhi and Greater Mumbai, the national capital takes a lead on city prosperity index due to its lower population followed by higher per capita income. Delhi was also indicated as having greater propensity to save earnings and lower credit growth, said the report.

These findings of the firm were unveiled by Urban Development Minister S Jaipal Reddy at the Federation of Indian Chambers of Commerce and Industry's (FICCI) conclave on International Real Estate Summit here today.

The report also highlighted that on the business environment index, Delhi outscored all other cities as it has a large workforce and has greater number of management garduates. On the other hand, more people are employed in trade and services including other business activity as compared to most of the other metros like Mumbai, Chennai and Bangalore.

However, Greater Mumbai top-scored on the urban governance index, leaving Delhi at the second position.

UNI