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Pressnews.biz (Press Release) May 8, 2014
-- The Indian economy is developing rapidly in urban cities resulting in increased numbers in population migration from rural to urban areas. This has opened channel for urban city planning revolution giving rise to the need for high rise building. Rapid urbanization, land demographic ratio, infrastructural innovation and investment hub makes India one of the next destination for viable skyscrapers.
The real estate sector is expected to post annual revenues of US$ 180 billion by 2020. Real estate in India is driven by factors such as rapid urbanization, a growing trend towards nuclear families, positive demographics, rural–urban migration, everdeveloping infrastructure, higher income levels and housing demand.
The Council of Tall Buildings and Urban Habitat has reviewed 2013 as the second most successful year on record for skyscraper construction, up 318 percent since 2000. Asia currently holds 45 percent of the tallest buildings in hand across the globe, with 37 skyscrapers of over 200 meters spread across 22 different cities. Asia is now the biggest market for skyscrapers. India along with China are the two countries that are according to the experts will see the construction of skyscrapers in majority.
Mumbai - the Capital of the State of Maharashtra is also the 'Business, Financial, Commercial, and Entertainment hub of India'. The city was ranked the 16th most expensive residential location in the world in the last quarter of 2012, according to the Wealth Report released in March by property advisory firm Knight Frank.
Skyscrapers are the future for this city, owing to its limitation of horizontal expansion. Due to its significance of being a financial hub, the city records a total population of 12,655,220 in 2014. The space crunch and restriction for expansion has led infrastructural development authorities to revise licensing and governmental requisites to boost the growth of vertical transportation.
Mumbai is currently home to one of the largest amount of supertalls and skyscrapers under development in the globe. Many skyscrapers are being constructed by international companies. From townships to housing, from commercial to residential, the teeming potential of real estate will be monetized by the advent of skyscrapers to match the skyscraper bubble. Prefab‘ compliments with its innovation & economy of scale.
Understanding the current need The Skyscrapers & Prefab India Summit will host real estate participants across the globe for exploring the future potential of skyscrapers & prefabricated buildings in India. The triad of technology, structural innovation & design, and safety & compliance form the foundation of this summit. Taking place on 24-25 July 2014 in Mumbai – India, this summit will feature knowledge-sharing sessions, networking opportunities and showcase an exhibition from exponent solution providers in the industry.
From architectural viewpoint to green building evolution; prefab in the Indian real estate market, to the latest solutions in skyscraper development - this summit will generate benefits for promoters, developers, builders, architects, real estate and infrastructure consultants, and all supplier companies engaged in the industry.