Mumbai's Skyline on the Rise: 154 Skyscrapers Already
Get ready to witness a dramatic transformation of Mumbai's skyline
MumbaiSkyscrapersReal EstateHigh Rise TowersAnarockBcdReal Estate MumbaiMay 30, 2024
Real estate consultant Anarock Chairman Anuj Puri said that between 2019 and 2023, 154 high-rises with over 40 floors hit the MMR market. \...between 2024 and 2030, 207 more will be completed. These projects have already been launched across the region,\ Puri said.
Skyscrapers not only define Mumbai's real estate landscape but also help decongest the city. They include amenities and residences in a single vertical space, thereby reducing residents' need to leave the premises for leisure pursuits. Apart from easing traffic congestion, these buildings also tend to trigger significant infrastructure developments around them, including better roads and improved public transport facilities.
According to the data, South Central Mumbai has the maximum 103 high-rise towers. Of these, at least 61 towers are completed and another 42 will be completed within the 2024-2030 period. Mumbai's Central suburbs have 87 high-rises of over 40 floors. Of these 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.
Micro-markets like Byculla, Worli, Lower Parel, Prabhadevi, Mahalakshmi, Marine Line, Mulund, Chembur, Kanjurmarg, Santacruz, Malad, Goregaon, and Thane City are the definitive skyscraper hotspots. Commenting on the report, construction firm BCD MD Angad Bedi said, \We are quite bullish on the Mumbai real estate market as it continues to attract occupiers and employees, thereby keeping the demand high across CBD, SBD and other sub-markets. This, complemented with the spate of redevelopment projects in city hot spots, is leading to the development of high-rise projects across the city.\. This mushrooming of high-rise projects will accelerate Mumbai's journey to becoming a global metropolitan city on the lines of New York and Hong Kong, he added.
The Mumbai Metropolitan Region (MMR) is one of the fastest-growing regions in India, with a population of over 20 million people. The region is known for its extreme shortage of developable land, which has led to the development of high-rise towers.
Anarock is a leading real estate consultant with a presence in India and the Middle East. The company provides expert advisory services to clients across the real estate spectrum.
BCD is a construction firm that specializes in high-rise projects across Mumbai and other cities in India.
Frequently Asked Questions
How many high-rise towers does Mumbai have currently?
Mumbai has 154 high-rise towers with over 40 floors each
How many skyscrapers are expected to be built in Mumbai by 2030?
An additional 207 skyscrapers are expected to be built in Mumbai by 2030
What is the reason behind the growth of high-rise towers in Mumbai?
The extreme shortage of developable land in Mumbai has led to the growth of high-rise towers in the city
How do skyscrapers help decongest the city?
Skyscrapers help decongest the city by reducing residents' need to leave the premises for leisure pursuits easing traffic congestion and triggering significant infrastructure developments around them
Which areas in Mumbai are seeing the most high-rise development?
Micro-markets like Byculla Worli Lower Parel Prabhadevi Mahalakshmi Marine Line Mulund Chembur Kanjurmarg Santacruz Malad Goregaon and Thane City are the definitive skyscraper hotspots
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