India High Rise Building Construction Market

India High Rise Building Construction Market Overview:

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.

India High Rise Building Construction Market Trends:

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.

India High Rise Building Construction Market Segmentation:

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:

• Residential High-Rise Buildings
• Commercial High-Rise Buildings
• Mixed-Use High-Rise Buildings

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:

• New Construction
• Renovation and Retrofit

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:

• Concrete
• Steel
• Glass
• Composite Materials

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:

• 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)

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:

• Private Sector
• Public Sector

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:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North, South, East, and West India.

Competitive Landscape:

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.

India High Rise Building Construction Market News:

• In December 2024, Leighton Asia, a CIMIC Group company, acquired Maverick United Consulting Engineers, a Malaysia-based firm specializing in digital infrastructure, advanced technology, and high-rise buildings. This acquisition enhances Leighton Asia’s capabilities in data centers, semiconductor facilities, and clean room production across Asia, including India. CIMIC Group Executive Chairman Juan Santamaria highlighted Maverick’s strong engineering expertise and multinational client base. Leighton Asia aims to expand its services and early contractor involvement capabilities through this strategic move.
• In November 2024, The Adani family is expanding its engineering and construction portfolio through acquisitions, including ITD Cementation and PSP Projects, to strengthen in-house capabilities. As part of its $100 billion investment plan by 2030, the group is undertaking major projects like the Dharavi redevelopment, Ganga Expressway, Mumbai’s mega convention center, and multiple airports. With ₹67,000 crore earmarked for capital expenditure this fiscal year, Adani may pursue further acquisitions to support large-scale infrastructure development.

India High Rise Building Construction Market Report Coverage:

Key Questions Answered in This Report:

• How has the India high rise building construction market performed so far and how will it perform in the coming years?
• What is the breakup of the India high rise building construction market on the basis of building type?
• What is the breakup of the India high rise building construction market on the basis of construction type?
• What is the breakup of the India high rise building construction market on the basis of material type?
• What is the breakup of the India high rise building construction market on the basis of height?
• What is the breakup of the India high rise building construction market on the basis of end user?
• What is the breakup of the India high rise building construction market on the basis of region?
• What are the various stages in the value chain of the India high rise building construction market? 
• What are the key driving factors and challenges in the India high rise building construction?
• What is the structure of the India high rise building construction market and who are the key players?
• What is the degree of competition in the India high rise building construction market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India high rise building construction market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India high rise building construction market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India high rise building construction industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.