Mumbai high rise buildings projected to rise over 30%

31 May 2024 CW Team

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)

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