Breaking Records: Mumbai Accounts for 77% of Indias Tallest Buildings – A Closer Look

Breaking Records: Mumbai Accounts for 77% of Indias Tallest Buildings – A Closer Look

There are more than 100 tall buildings in Mumbai and it is likely to continue to lead in tall building construction in the future. In addition, Mumbai commands higher prices than other cities, which makes tall building construction economically feasible. Here is SURFACES REPORTER (SR)’s complete report:

In India, there are a total of 250 tall buildings that are either completed or in the process of being built. Of these 10 tallest buildings, half of them have reached completion while the other half are under construction. Hyderabad, Mumbai's neighbour, has put forth plans to increase vertical growth and development according to a report by CBRE India. 

Other cities that have made contributions towards building tall structures include Kolkata, Noida, Gurgaon, Bengaluru and Chennai each contributing 8 percent, 7 percent, 5 percent, 1 percent and 1 percent respectively.

Mumbai's 15 buildings surveyed showed an average price premium of 10-15 percent after the 20th floor and more than 25 percent after the 40th and 60th. In India, 89 percent of tall buildings are residential buildings, while 6 percent are office buildings. 4 percent of the tall building landscape is composed of mixed-use structures, and 1 percent is made up of hotels.

Among the top financial centers in the world, Hong Kong ranks high on the Global Financial Centres Index, along with Shenzhen, New York City, Dubai, Guangzhou, Shanghai, and Tokyo. 

Keep reading SURFACES REPORTER for more such news stories.

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