Mumbai has nearly 77% of India’s tallest buildings: Report

June 28, 2023: Mumbai dominates India’s skyline with a notable share of nearly 77% of the total tall buildings in the country, says a report by leading real estate consulting firm CBRE South Asia.

The report, titled Sky is the Limit: Rise of Tall Buildings in India,, says Mumbai has more than 100 tall buildings, and is likely to continue leading the construction of tall buildings in future.

“Its tall buildings command prices at a premium compared to most other cities, making the construction of such developments economically viable in the city. Limited land resources and an exponential increase in urban population have been the primary reasons for the city’s vertical growth over the years. Globally, Mumbai ranks 17th and 14th in Asia among cities with the maximum number of tall buildings (Council on Tall Buildings and Urban Habitat),” says the released on June 28.

Percent share of tall buildings in Indian cities (completed and under construction)

Decentralisation of growth in Mumbai led to expansion towards the north and east, giving rise to new micro-markets such as Malad, Goregaon, Powai, Vikhroli and Kanjurmarg, which have transformed from residential outskirts into important city centers, it adds.

“Despite this expansion, land scarcity remains a pressing issue in Mumbai’s urban areas, resulting in high demand and causing a steep hike in land prices. Central Mumbai and South Mumbai, known for their prestige and premium location, have become hubs for high-rise clusters. These densely populated areas enjoy excellent connectivity through public transportation and road networks and command a premium real estate price compared to other parts of the city,” says the report.

Among other Indian cities, Hyderabad, Kolkata and Noida account for 8%, 7% and 5% of the tall buildings in India, respectively. Gurgaon, Bangalore, and Chennai closely follow, each contributing 1% to the country’s tall building landscape. The report also indicates that nearly 89% of completed tall buildings in India are dedicated residential buildings while 6% are designated office buildings. Mixed-use structures account for 4% of the tall building landscape, while hotels make up 1%.

City-wise share of tall buildings in India by their use (Completed, under construction and Planned)

Anshuman Magazine, chairman & CEO-India, South-East Asia, Middle- East & Africa, CBRE, said, “The current trend in major Indian cities allows for outward expansion. However, it is important to recognize that this approach may not be a sustainable solution in the long term. As a result, it becomes imperative for developers, architects, planners and policymakers to embrace a vertical growth strategy. Mumbai has already demonstrated the success of such an approach in some locations, but other cities still heavily rely on horizontal development. Hyderabad, for the past few years, has been eyeing vertical growth, presenting another prime example where developers and stakeholders are actively pursuing vertical growth, capitalizing on the favourable Floor Space Index (FSI) regulations in Telangana. Exponential urban migration has led to a need for a well-planned city landscape by way of exploring avenues for growth of tall buildings.”

Gurjot Bhatia, managing director, project management-India, SE Asia, Middle-East and Africa, said, “The urban sprawl has challenges such as limited institutional capacities and fragmented government regulations creating hindrances in implementing a robust infrastructure network and facilitating efficient distribution of resources. Tall buildings in such a scenario provide holistic urban solutions. The tall structures not only help reduce carbon emissions by creating compact environments with efficient mobility features, but they offer branding opportunities, high-quality living standards, and presence in prime locations, attracting investors. Research also shows that densely populated areas have an additional cost advantage in providing basic services.”