23 November 2010

real estate update by IIFL,

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Real Estate (High-rise construction: towering ambitions): Leading developers in Mumbai, such as Lodha, IBREL, and DB Realty, have launched a slew of high-rise projects in the past 6-12 months. Regional high rises completed over the last decade indicate average construction cost of cRs14,000p sq ft and average length of construction of 5-7 years using sophisticated construction technologies and skills that are available with only a handful of contractors. This is due to the high complexity in each phase of development (design, foundation, casting of slabs, etc). Additionally, town planners have to ramp up support infrastructure for roads, electricity, water and sewage treatment for high-rises.

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