Vertical construction-Trend in Real estate India
India is now touted to be the next hub for tall buildings and high-rise structures due to high density and smaller building footprints offered by Indian cities. The recent real estate boom and urbanization witnessed by metropolitan cities like Mumbai, Hyderabad and smaller cities like Ahmedabad have contributed to the trend of vertical construction.
“India is on a vertical quest”- this is a quote from an article by a leading national newspaper which highlights the major developers efforts to make skyscrapers a reality in India.
With 50% of India’s population expected to live in the urban areas by 2030 resulting in lack of space, constructing tall buildings is inevitable. However, there are several challenges concerning regulatory guidelines and Floor Space Index (FSI) norms that restrict the construction of high-rise structures in India.
Due to the increasing relevance of such high-rise structures in India, major developers, designers and construction companies in the country feel the need to relax the FSI norms and clearance procedures.
Floor Space Index, India is on a vertical quest, India next hub for tall buildings and high-rise structures, real estate boom, Real estate in India, Real estate trend, Trend in Real estate India, Vertical construction
[...] Vertical construction-Trend in Real estate India [...]
[...] Vertical construction-Trend in Real estate India [...]
[...] Vertical construction-Trend in Real estate India [...]
[...] Vertical construction-Trend in Real estate India [...]
[...] Source: http://www.commonfloor.com/stories/vertical-construction-trend-in-real-estate-india-2392 [...]
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