Hyderabad skyline to witness rapid transformation, multiple skyscrapers proposed over 50 floors
Updated: Oct 7, 2021
There was a time when a building with 15 floors was considered as a benchmark for highrises in the city. Fast forward to 2021 and projects over 40 floors have become the norm with a few proposals even breaking into the coveted 50-floor category.
It is very likely that by 2026, Hyderabad will be in the third position for the number of skyscrapers in the country, just behind Mumbai & Delhi NCR.
As of October 2021, there are at least 20 projects with 42 skyscrapers (Height over 150 metres) under various stages of approvals & execution. Given that most Covid 19 restrictions imposed during the second wave have been lifted, more proposals are anticipated in the coming months.
Why the sudden skyscraper boom?
While there are many factors at play, the short answer is an increase in demand for ultra-luxury residential projects. Covid 19 pandemic also played a role in accelerating this trend since buyers have been preferring large-sized flats compared to before, as observed by several builders & analysts. A newspaper headline from last year reflecting the sentiment :
Other factors include prime land running out fast in much sought-after localities like Puppalaguda & Kokapet along the IT corridor.
Just residential?
While residential seems to be currently dominating the proposals, there are still a handful of proposals in the commercial segment, the tallest of which is a 39 floors - 170 metre proposal called Thrive by Urbanwoods. The city was all set to witness several landmarks in this segment but Covid 19 & continued WFH played a spoilsport resulting in several cancellations & conversions to mixed-use/residential. Things are slowly starting to look up, however.
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List of the top 10 project proposals in Hyderabad at the time of writing this article :
Data Source : Project Approvals (Environment Clearance & Fire NOC)