{"id":11569,"date":"2016-03-05T21:39:20","date_gmt":"2016-03-06T02:39:20","guid":{"rendered":"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/"},"modified":"2016-03-05T21:39:20","modified_gmt":"2016-03-06T02:39:20","slug":"indian-millionaires-fuel-demand-for-skyscrapers","status":"publish","type":"post","link":"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/","title":{"rendered":"Indian millionaires fuel demand for skyscrapers"},"content":{"rendered":"

<\/p>\n

\n

<\/a><\/p>\n

The heart of Mumbai city<\/a><\/strong>, once a cotton mill hub, is seeing a rapid change in its skyline as more than 30 skyscrapers are mushrooming out of slumland in the city\u2019s most congested district.<\/p>\n

The transformation reflects the breakneck pace of growth in Asia\u2019s third largest economy, as India\u2019s property and capital markets boom and developers build dream homes for a rapidly-growing list of Indian millionaires<\/a><\/strong>.<\/p>\n

Most of these high-rises, all over 40-storeys, are under construction while some are ready for owners to move in.

Aashish, a successful Mumbai corporate director in his mid-40s, is eager to live in the lap of luxury with commanding views of the Arabian Sea.<\/p>\n

But he won\u2019t have to leave the chaos, noise and congestion of India\u2019s financial capital to find his dream home and the peace and quiet he craves.<\/p>\n

Instead of new builds in the far-flung suburbs, the construction of upscale homes is now rapidly taking place in the city, as tracts of now-defunct cotton mill land are being freed up for development by the state government.<\/p>\n

\u201cPeace and quiet, something which enhances life for my family,\u201d is what Aashish says led him to buy a luxury flat measuring more than 4,000 square feet (370 square metres) in the 80-storey Orchid Heights in downtown Jacob Circle.<\/p>\n

The twin towers, sprouting up near a mass of railway tracks, low-rise tenements and choking traffic, are under construction.<\/p>\n

Those behind the project say that people like Aashish, a director with one of India\u2019s leading telecom companies who asked for his real name not be used, are their prime targets alongside chief executives and entrepreneurs.<\/p>\n

\u201cMumbai has no option but to grow vertical,\u201d said senior architect Deepak Hiremath of Mumbai-based Disha Direct, which designs and sells second homes.<\/p>\n

\u201cMumbai\u2019s architecture will be influenced by that seen in Dubai,\u201d he told AFP.<\/p>\n

DB Realty, one of India\u2019s leading property developers, calls people like Aashish a \u201cretreat seeker\u201d \u2014 a successful businessman who wants to enjoy his wealth in privacy.<\/p>\n

He and others like him will pay nearly two million dollars for a designer apartment, built in a complex that boasts private cinemas, swimming pools, floodlit tennis courts, banqueting rooms and high-level security.<\/p>\n

One of the most prestigious upcoming projects is Lodha Developers\u2019 \u201cWorld One\u201d, a 117-storey colossus which will soar 1,450 feet (442 metres) \u2014 with green spaces, cafes and an open-to-air observatory \u2014 by 2014.<\/p>\n

It will be one of the world\u2019s tallest residential buildings<\/a><\/strong>, containing apartments costing as much as 14 million dollars.<\/p>\n

Another luxury venture, the exclusive Lodha \u201cBellisimo\u201d has started to receive residents who have been hand-picked for their suitability, said a company official.<\/p>\n

The phenomenon \u2014 a stark sign of the gap between rich and poor in Mumbai, where 55 percent of the estimated 18 million population live in slum areas \u2014 is being replicated across India\u2019s crowded cities.<\/p>\n

At least 29 luxury projects<\/a><\/strong> have been launched in six leading cities \u2014 New Delhi, Mumbai, Bangalore, Chennai, Kolkata and Pune \u2014 since the end of the global slump of 2008.<\/p>\n

\u201cDemand is sustainable,\u201d Shahid Balwa, chief executive of DB Realty, told AFP.<\/p>\n

\u201cThe size of the market is very large. Mumbai can absorb between 30,000 to 40,000 homes in the one million dollar-plus category, each year.\u201d<\/p>\n

Source: AFPrelaxnews<\/strong><\/p>\n

\"\"<\/a><\/p>\n<\/p><\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The heart of Mumbai city, once a cotton mill hub, is seeing a rapid change in its skyline as more than 30 skyscrapers are mushrooming out of slumland in the city\u2019s most congested district. The transformation reflects the breakneck pace of growth in Asia\u2019s third largest economy, as India\u2019s property and capital markets boom and developers build dream homes for a rapidly-growing list of Indian millionaires. Most of these high-rises, all over 40-storeys, are under construction while some are ready […]<\/p>\n","protected":false},"author":1,"featured_media":11570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[176,185],"yoast_head":"\nIndian millionaires fuel demand for skyscrapers<\/title>\n<meta name=\"description\" content=\"The heart of Mumbai city, once a cotton mill hub, is seeing a rapid change in its skyline as more than 30 skyscrapers are mushrooming out of slumland in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian millionaires fuel demand for skyscrapers\" \/>\n<meta property=\"og:description\" content=\"The heart of Mumbai city, once a cotton mill hub, is seeing a rapid change in its skyline as more than 30 skyscrapers are mushrooming out of slumland in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/\" \/>\n<meta property=\"og:site_name\" content=\"That Dope\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/thatxdope\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-06T02:39:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thatdope.com\/wp-content\/uploads\/2016\/03\/antilia-residence-468x292.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"468\" \/>\n\t<meta property=\"og:image:height\" content=\"292\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"thatDope\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thatxdope\" \/>\n<meta name=\"twitter:site\" content=\"@thatxdope\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"thatDope\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/\",\"url\":\"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/\",\"name\":\"Indian millionaires fuel demand for skyscrapers\",\"isPartOf\":{\"@id\":\"https:\/\/thatdope.com\/#website\"},\"datePublished\":\"2016-03-06T02:39:20+00:00\",\"dateModified\":\"2016-03-06T02:39:20+00:00\",\"author\":{\"@id\":\"https:\/\/thatdope.com\/#\/schema\/person\/997a5c42a475d26276ce5d5392bb0403\"},\"description\":\"The heart of Mumbai city, once a cotton mill hub, is seeing a rapid change in its skyline as more than 30 skyscrapers are mushrooming out of slumland in\",\"breadcrumb\":{\"@id\":\"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"That Dope\",\"item\":\"https:\/\/thatdope.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Travel\",\"item\":\"https:\/\/thatdope.com\/travel\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Indian millionaires fuel demand for skyscrapers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thatdope.com\/#website\",\"url\":\"https:\/\/thatdope.com\/\",\"name\":\"That Dope\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thatdope.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/thatdope.com\/#\/schema\/person\/997a5c42a475d26276ce5d5392bb0403\",\"name\":\"thatDope\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thatdope.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/03249bff290407f1abdbf4948079484f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/03249bff290407f1abdbf4948079484f?s=96&d=mm&r=g\",\"caption\":\"thatDope\"},\"description\":\"Staff @ www.thatdope.com\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Indian millionaires fuel demand for skyscrapers","description":"The heart of Mumbai city, once a cotton mill hub, is seeing a rapid change in its skyline as more than 30 skyscrapers are mushrooming out of slumland in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/","og_locale":"en_US","og_type":"article","og_title":"Indian millionaires fuel demand for skyscrapers","og_description":"The heart of Mumbai city, once a cotton mill hub, is seeing a rapid change in its skyline as more than 30 skyscrapers are mushrooming out of slumland in","og_url":"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/","og_site_name":"That Dope","article_publisher":"https:\/\/www.facebook.com\/thatxdope\/","article_published_time":"2016-03-06T02:39:20+00:00","og_image":[{"width":468,"height":292,"url":"https:\/\/thatdope.com\/wp-content\/uploads\/2016\/03\/antilia-residence-468x292.jpg","type":"image\/jpeg"}],"author":"thatDope","twitter_card":"summary_large_image","twitter_creator":"@thatxdope","twitter_site":"@thatxdope","twitter_misc":{"Written by":"thatDope","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/","url":"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/","name":"Indian millionaires fuel demand for skyscrapers","isPartOf":{"@id":"https:\/\/thatdope.com\/#website"},"datePublished":"2016-03-06T02:39:20+00:00","dateModified":"2016-03-06T02:39:20+00:00","author":{"@id":"https:\/\/thatdope.com\/#\/schema\/person\/997a5c42a475d26276ce5d5392bb0403"},"description":"The heart of Mumbai city, once a cotton mill hub, is seeing a rapid change in its skyline as more than 30 skyscrapers are mushrooming out of slumland in","breadcrumb":{"@id":"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thatdope.com\/travel\/indian-millionaires-fuel-demand-for-skyscrapers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"That Dope","item":"https:\/\/thatdope.com\/"},{"@type":"ListItem","position":2,"name":"Travel","item":"https:\/\/thatdope.com\/travel\/"},{"@type":"ListItem","position":3,"name":"Indian millionaires fuel demand for skyscrapers"}]},{"@type":"WebSite","@id":"https:\/\/thatdope.com\/#website","url":"https:\/\/thatdope.com\/","name":"That Dope","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thatdope.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/thatdope.com\/#\/schema\/person\/997a5c42a475d26276ce5d5392bb0403","name":"thatDope","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thatdope.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/03249bff290407f1abdbf4948079484f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/03249bff290407f1abdbf4948079484f?s=96&d=mm&r=g","caption":"thatDope"},"description":"Staff @ www.thatdope.com"}]}},"_links":{"self":[{"href":"https:\/\/thatdope.com\/wp-json\/wp\/v2\/posts\/11569"}],"collection":[{"href":"https:\/\/thatdope.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thatdope.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thatdope.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thatdope.com\/wp-json\/wp\/v2\/comments?post=11569"}],"version-history":[{"count":0,"href":"https:\/\/thatdope.com\/wp-json\/wp\/v2\/posts\/11569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thatdope.com\/wp-json\/wp\/v2\/media\/11570"}],"wp:attachment":[{"href":"https:\/\/thatdope.com\/wp-json\/wp\/v2\/media?parent=11569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thatdope.com\/wp-json\/wp\/v2\/categories?post=11569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thatdope.com\/wp-json\/wp\/v2\/tags?post=11569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}