+
Mumbai high rise buildings projected to rise over 30%
Real Estate

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)

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)

Next Story
Infrastructure Energy

Shree Cement Commissions Rs 160 Million Solar Plant in Roorkee

Shree Cement Ltd, a leading name in India’s cement industry, has commissioned a 6.0 MWp solar power plant at its Roorkee unit in Uttarakhand. Located next to its existing facility, the new installation represents a significant stride in the company’s commitment to expanding renewable energy use and reducing its carbon emissions.With this addition, the Roorkee unit’s solar capacity has increased from 1.0 MWp to 7.0 MWp—a sevenfold jump. Across all its operations, Shree Cement now has a total installed solar capacity of 293.5 MWp, reinforcing its dedication to environmentally responsible..

Next Story
Infrastructure Energy

MP Secures Rs 30 Billion Solar Deal in Dubai Visit

Madhya Pradesh Chief Minister Mohan Yadav’s visit to Dubai has secured a solar power investment deal worth Rs 30 billion, marking a major boost to the state’s renewable energy ambitions. This agreement is part of a wider global outreach initiative aimed at attracting international investors to Madhya Pradesh.The investment will fund large-scale solar infrastructure projects, enhancing the state’s capacity in clean energy and supporting its vision to become a green energy hub in central India. In addition to cutting carbon emissions, the project is expected to foster sustainable developme..

Next Story
Real Estate

Suraj Estate Launches Rs 1.2 Billion Project in Prabhadevi

Suraj Estate Developers has launched a new luxury residential project in Mumbai’s upmarket Prabhadevi area, with a projected gross development value (GDV) of Rs 1.2 billion, according to a stock exchange filing.The project, named Suraj Aureva, is designed as a 21-storey residential tower featuring compact premium residences. It includes 1, 2, and 3 BHK apartments, with prices starting from Rs 24.7 million.The developer stated that the project addresses rising demand for high-end yet space-efficient homes in Prabhadevi, a locality where such inventory remains limited.The Mumbai-based firm als..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?