Mumbai high rise buildings projected to rise over 30%
Mumbai is set for another surge in vertical development, with projections indicating a rise of over 30% in high-rise buildings throughout this decade. Until 2023, 154 towers exceeding 40 floors had been completed. Now, between 2024 and 2030, this number is expected to increase to 207, marking a significant 34% escalation during this period. Anarock reports that these 207 towers are currently in various stages of construction and are slated for completion anytime between 2024 and 2030.
As a city facing limitations in land availability, Mumbai leads the nation in skyscraper construction. Despite trends indicating a reversal in other cities post-Covid-19, Mumbai's high-rise development remains unabated. South central Mumbai holds the lion's share of towers exceeding 40 floors, with around 103 towers, constituting approximately 29% of the total. The central suburbs follow closely behind with 87 towers, while the western suburbs boast 80 high-rises. Thane, witnessing a recent adoption of the high-rise trend, is catching up with 61 towers in progress.
Various areas such as Byculla, Worli, Lower Parel, and Thane city are witnessing significant concentrations of these high-rise developments. Notably, around 61 high-rises in the Mumbai region exceed 60 floors each, symbolising the city's towering urban landscape and economic prowess.
Anuj Puri, Chairman, ANAROCK Group, specifies that exponential population growth remains a driving force behind Mumbai's skyscraper boom, emphasising that these projects have already been launched across the region, shaping the city's skyline and economic trajectory. (Source: ET Infra)
Related Stories
Namma Metro Fare Now Highest in the Country
Metro services are available in several major cities across the country
Tata’s Indian Hotels to Invest Rs 25 Billion in Taj Bandstand Pro..
It will be located opposite Taj Lands End, another IHCL property.
Page {{currentPage}} of {{pageCount}}
{{copy}}