driving the current wave of redevelopment in Mumbai. In the last year alone, a record 2500 building approvals have been given by BMC to fulfill the rising demand. Mumbai’s USP is its way of life and the seemingly endless possibilities that draw individuals from all across India to invest in real estate. The high demand for housing has resulted in a scarcity of suitable living spaces.
After the concession offered by the Maharashtra state government on premium projects came to an end, the Municipal Corporation of Greater Mumbai (MCGM) cleared files up to December 31, 2021. Due to this, there will be lots of redevelopment projects with approvals ready to be launched, specifically from the second quarter of 2022. There will be numerous projects taking place in Mumbai, especially in the Western suburbs which include Bandra, Khar, Santacruz, Juhu, etc. Majorly all these launches will be towards redevelopment projects, which will gain immense traction.
Defining Mumbai’s skyline transformation
In India, Buildings that are more than 75 feet or 7-10 stories are termed high-rises in India, and they are a viable product of our contemporary times. Many Indian metropolises have emerged as prime targets for the construction of new high-rise buildings in the last decade, with Mumbai undoubtedly at the top of the list. Mumbai has the biggest concentration of high-rise structures in India, with almost 200 skyscrapers and 12,000 high-rise projects under construction. It is also noted for having the world’s seventh-largest number of high-rises under construction.
With densely populated cities, a burst in trade operations, commercial activities, and urban growth, metropolitan regions in the country are facing a surge—both in cost and kind. When land is scarce and expensive, tall buildings provide the best solution for fixing such an issue by rising vertically through existing structures and accommodating more people rather than developing horizontally.
High-rise structures are a necessary need in today’s day and age due to factors such as constant migration to metropolitan areas, decreasing space, and high population density in cities such as Delhi and Mumbai, resulting in a congested influx. The only practicable approach to fulfil the needs of the nation’s growing population while addressing land scarcity and high costs is to plan and build tall and vertically.
Technology: An amazing game-changer
Previously, high-rises were mostly influenced by structural considerations, but changing trends and technological improvements in construction processes now allow for more creative and architectural freedom. What appeared inconceivable only a few decades ago has now become common. The fast-changing changing skyline of Mumbai has seen the advent of high-rises. Modern technology, as well as the evolution of green, are significantly responsible for the effective building of these structures.
New-age digital transformation tools and advanced enterprise technologies including the internet of things (IoT), ERP, robotics process automation (RPA), analytics for decision making and mobility solutions, and data science are also assisting developers with asset appraisal and visibility.
Upgrading lifestyle
High-rises are also a viable option for habitation due to the quantity of amenities in currently developed tall buildings. Recreation areas, swimming pools, schools, shopping centres, and other community stations are all easily accessible from modern high rises in Mumbai. Such colossal constructions are constructed to give occupants with a comfortable and socially balanced living environment, while consuming the least amount of energy and other natural resources, such as natural lighting.
Premium luxury projects with high-tech features, large outside patios, private entrances and parking spaces, leisure and exercise rooms, and other amenities have risen to the top. Some of the key features provided by premium developers include a gleaming entrance lobby with a waiting area for guests and visitors, a well-equipped gymnasium, high-speed branded elevators, reception and concierge desk, rooftop gardens, water walls, private pools, clubhouses, decks, balconies, courtyards, and home automation.
As a result, high-rise buildings might be classified as both a present and future requirement. Building tall remains a feasible answer in the face of changing times, demands, and concerns, and the rising concept of vertical cities in India confirms this.
As a result, the city’s skyline is expected to dramatically shift by 2024-25, with big towers, luxury homes, and new-age architecture.
