High-rise buildings in Mumbai to increase 34% by 2030: Anarock, ET RealEstate
NEW DELHI: Mumbai metropolitan region (MMR) will see 34 per cent growth in skyscrapers with over 40 floors over the next six years (2024 to 2030), according to latest data by Anarock.
The region currently has 361 high-rise towers of over 40 floors each. Of these, 154 have already been completed and over 207 are scheduled to be completed between 2024 and 2030.
Anuj Puri, chairman of the company said, Between 2019 and 2023, 154 high-rises with 40+ floors hit the MMR market; between 2024 and 2030, 207 more will be completed.”
Exponential population growth coupled with increased FSI limits over the last decade are among the main factors giving ‘rise’ to the number of skyscrapers in the region. Also, in 2019, the state government reduced the FSI premium for all residential and commercial projects in the city for two years.
“Developers obviously welcomed this decision, as it reduced a significant input cost – the floor space premium – by up to 25% for residential buildings,” said Puri.
South Central Mumbai has the maximum number – about 103 high-rise towers, or a 29% overall share. Of these, at least 61 towers are completed and another 42 will be completed within the 2024-2030 period.
Mumbai’s Central suburbs rank next with 87 high-rises of >40 floors – 42 are completed and another 45 towers are under construction.
The city’s Western suburbs have at least 80 high rises, with 50 towers complete and 30 towers scheduled for completion in the next six years.
Thane has at least 61 high-rises, of which just 2 towers are completed and the remaining 59 under development.
Navi Mumbai follows with a total of 25 high-rise towers of 40+ floors – 10 are complete and 15 in various stages of construction.
