The India high rise building construction market size reached USD 220.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 470.0 Billion by 2033, exhibiting a growth rate (CAGR) of 8.64% during 2025-2033. Rapid urbanization, rising population density, and land scarcity in major cities are driving high-rise construction in India. Government initiatives like Smart Cities and RERA boost investments, while advancements in construction technology enhance efficiency. Increasing demand for luxury residences, commercial spaces, and mixed-use developments further accelerates the sector’s growth.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 220.0 Billion |
Market Forecast in 2033 | USD 470.0 Billion |
Market Growth Rate 2025-2033 | 8.64% |
Adoption of Green Building Technologies
India high-rise construction sector is increasingly adopting sustainable practices to enhance energy efficiency and comply with environmental standards. In 2024, the country retained its third position globally for Leadership in Energy and Environmental Design (LEED) certifications, with 370 projects spanning 8.5 million gross square meters. Developers are incorporating renewable energy solutions such as solar panels, rainwater harvesting, and energy-efficient HVAC systems to minimize carbon footprints and operational costs. Green building certifications such as LEED and IGBC are speeding this change as governmental agencies encourage environment-friendly designs. Furthermore, improved materials such as low-carbon concrete and high-performance glass are enhancing insulation as well as strengthening resilience. Sustainability is gaining the attention of increasingly environmentally aware stakeholders as the trend for sustainability mounts. With intense urbanization, the need for smart, efficient high-rises is likely to grow, confirming sustainability as an imperative in the Indian construction scene.
Rising Demand for Mixed-Use Developments
Developers in India increasingly accept mixed-use high-rise projects incorporating residential, commercial, and recreational areas into a single tower. This reflects urban space shortages and the demands of greater convenience within metropolitan locales. Through combining offices, shopping space, and dwellings, mixed-use towers accommodate the lifestyles of professionals and metropolitan residents aiming to integrate seamlessly with work. The growth of co-living and co-working spaces in such developments also conforms to shifting consumer tastes. Other government schemes, such as the Smart Cities Mission, also promote denser, well-designed infrastructure, spurring growth in such developments. With urban areas growing upwards, mixed-use high-rises are emerging as a developer and investor favorite.
Integration of Smart Technologies in Construction
The incorporation of digital technologies is revolutionizing high-rise building construction in India. A survey by the National Institute of Construction Management and Research (NICMAR) indicates that around 70% of construction professionals have either adopted or are in the process of implementing Building Information Modeling (BIM) to enhance efficiency and minimize design errors. Prefabrication and modular construction technologies are increasingly prevalent, shortening project duration and labor expenses. Internet of Things (IoT)-based intelligent systems, such as automated lights, energy efficiency monitoring, and security systems, are becoming typical in contemporary skyscrapers. Moreover, better drone surveillance technologies and artificial intelligence-based project management software are streamlining site surveillance and quality check. As urban areas become digitally enabled, there is increasing need for smart high-rises to make construction workflows more efficient along with improving resident experience and environmental sustainability.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on building type, construction type, material type, height, and end user.
Building Type Insights:
A detailed breakup and analysis of the market based on the building type have also been provided in the report. This includes residential high-rise buildings, commercial high-rise buildings, and mixed-use high-rise buildings.
Construction Type Insights:
The report has provided a detailed breakup and analysis of the market based on the construction type. This includes new construction and renovation and retrofit.
Material Type Insights:
A detailed breakup and analysis of the market based on the material type have also been provided in the report. This includes concrete, steel, glass, and composite materials.
Height Insights:
The report has provided a detailed breakup and analysis of the market based on the height. This includes low high-rise (up to 20 floors), mid high-rise (21-40 floors), tall high-rise (41-70 floors), and super tall high-rise (71+ floors).
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes private sector and public sector.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North, South, East, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Building Types Covered | Residential High-Rise Buildings, Commercial High-Rise Buildings, Mixed-Use High-Rise Buildings |
Construction Types Covered | New Construction, Renovation and Retrofit |
Material Types Covered | Concrete, Steel, Glass, Composite Materials |
Heights Covered | Low High-Rise (Up to 20 Floors), Mid High-Rise (21-40 Floors), Tall High-Rise (41-70 Floors), Super Tall High-Rise (71+ Floors) |
End Users Covered | Private Sector, Public Sector |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |