India Report - Sky is the Limit: Rise of Tall Buildings in India
June 27, 2023
The skyline of major cities in the world is adorned by some of the most iconic tall buildings in their financial districts. The pattern of vertical development is best illustrated by cities such as Hong Kong, Shenzhen, New York City, Dubai, Guangzhou, Shanghai, Tokyo among others. India might have been a late entrant to the skyscraper bandwagon, but it is treading the vertical path with great flourish.
- While India’s first skyscraper was built way back in 1961, it was only after 2000 that the construction of tall buildings picked up pace in the 2000s. This acceleration was a result of the steady pace of Indian economic growth, and policy liberalization which fuelled construction tech, and growing urbanization.
- From a geographic perspective, Mumbai is the hub of tall buildings in India. From a sectoral perspective, residential developments dominate the tall building landscape in the country.
- According to the UN Habitat, by 2030, India’s urban population is expected to be more than 600 million. Consequently, India will have to unlock many new growth avenues within its cities, leading one to conclude that tall buildings could become one way to fulfil the demand for urban space.
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