Bengaluru has been named the world’s most affordable tech city in the new Savills Tech Cities Index. The Indian technology hub is the most affordable out of 22 cities that were graded on different parameters.

While the per-week rent is $236 (roughly Rs 15,000) in the city as compared to the global average of $368 (almost Rs 24,000), the city ranked 20th overall, losing points on time taken for commutes.

The city which ranked first overall was Austin, Texas while New York ranked as the best in “business environment”.