More than 1,816 New Housing projects launched last year in seven major cities were very high, while the proportion of villas fell to a historic low of 2%, according to real estate consultant Anarock.
“As pressure on Indian cities grows vertically, the proportion of high-rise buildings (G + 20 floors or more) has risen to unprecedented levels in 2019,” Among 1816 projects launched in 2019 in seven major cities, more than 52 percent of the floors were G + 20 or more. The total supply share of villas drops to the historical minimum of 2 percent in 2019 compared to 5 percent in 2014.
Anarock, which mainly deals in brokerage in the residential real estate market, tracks real estate markets in seven cities: National Capital District (Delhi – NCR), Mumbai (MMR), Kolkata, Chennai, Bangalore, Hyderabad, and Pune. According to the data, the rare earth MMR list tops the list with over 75 percent of the total 734 projects launched in 2019 in the high rise category.
Mumbai is approaching major cities like New York, Hong Kong, and Tokyo, where standard buildings like G + 50 floors are the base,” the report says. . The Delhi-NCR market came later with nearly 70 percent of its total projects launched in the high rise category.
Bengaluru recorded 45 percent of the total projects launched in 2019 that rose above the G + 20 floors, followed by Pune with 41 percent participation. He added that in Hyderabad, Calcutta, and Chennai, participation in the G + 20 or higher floor option is rare, with high-rise participation of 23%, 21%, and 16%, respectively.
It is noted that Chennai and Hyderabad, the two cities that have been committed to traditional low-rise formats for a long time, are gradually developing high-rise housing projects. In both cities, favorite bungalows and beachfront villas. “These cities are growing vertically during the past decade, due in large part to the increase in internal migration,
Image Source: Arcmaz Architects
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