Hyderabad stands 2nd in India’s skyline with 8% share of tall buildings

Hyderabad Hyderabad emerged as the second Indian city, next only to Mumbai, with rising vertical growth, which is aimed at moving closer to the city centres, says real estate consulting firm CBRE South Asia Pvt Ltd in its recent report, ‘Sky is the Limit: Rise of Tall Buildings in India. The city has 8 per cent of the total tall buildings in India.

As per the report, Mumbai dominates India’s skyline with a notable share of 77 per cent of high-rise buildings. The city 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.

Among other Indian cities, Kolkata and Noida account for 7 per cent and 5 per cent of the tall buildings in India respectively. Gurgaon, Bengaluru, and Chennai closely follow them, each contributing one per cent to the country's tall building landscape. The report also indicates that nearly 89 per cent of completed tall buildings in India are dedicated residential buildings, while 6 per cent are office buildings.

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.”

“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,” he added.