Mumbai to get World's Tallest Residential Skyscraper, ~1500 feet tall, 117 storeyed

tarunraju

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Mumbai will have the world's tallest residential building, nearly half a km in height, by 2014, providing an unhindered view of the city from all sides.

City-based realty group Lodha Developers will collaborate with two New York-based firms to build an over 450 metre residential tower at Worli in south-central Mumbai at a cost of Rs 2,000 crore ($ 424.67 million), the company said here on Tuesday.

"The project has been christened World One and will be built on a 17-acre site at Worli (south-central Mumbai). It will include a 117-storeyed tower, around 1,450 feet, which will be the world's tallest residential building," said the firm's managing director Abhisheck Lodha.

The World One complex, which will have two more towers, shall offer 300 exclusive 3-4 bedroom flats, lavish villas with private swimming pools and a few duplex suites.

"The unique 360 degrees curved design will enable all the residents an unrestricted view of entire Mumbai from all sides," he added.

Lodha Developers has tied up with New York's architectural firm, Pei Cobb Free & Parners, and structural consultants, Leslie E Robertson Associates, for the prestigious project which will be a landmark in Mumbai.

The construction work on the project will start in a couple of months and it is expected to be completed by 2014, Lodha said.

Each housing unit in the building, which will dwarf the existing tallest residential towers in the world, including even Q1 in Gold Coast (Australia), currently the world's tallest. It will cost upwards of Rs 7.50 crore ($ 1.5 million), he said.

The flat sales/bookings shall start by June-end.

The complex will offer world-class amenities for the occupants, including a 3-level club-house and spa.

The project is estimated to use over 250,000 cubic metres cement-concrete, 35,000 metric tonnes of steel rebars, 40,000 square metres of glass, 18 high-speed lifts, each travelling at nearly 3 floors per second.

According to Lodha, a significant aspect of the World One project will be rating of Gold Leed Certified Building by the Green Building Council. It will be the only 100-plus storey building in the world to get this coveted certification for its high-level of environmental care.

The key eco-friendly measures it will incorporate are: 100 per cent water harvesting and recycling, using VRV air-conditioning and solar energy for common areas and heating, thus slashing electricity consumption by over 40 percent, and waste segregation and recycling.

For the luxurious in-house feel, all the components for the kitchens, bathrooms, living rooms and bedrooms shall come from Germany, Italy, Japan, the US and France.

Lodha said the World One project would give a icon to the vibrant city on the lines of Paris' Eiffel Tower or Kuala Lumpur's Petronas Towers.

Source: IANS, via IBNLive
 

Known_Unknown

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Why would anyone buy a flat for 7.5 crore? Even if it is in the highest building in the world?
 

Yusuf

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Never know mate. These days a lot of people buy a lot of expensive things. I remember reading quite sometime back may be 8-10 years ago that their was a shortage in supply of 1 crore plus super luxurious houses in bangalore. Today any decent house in bangalore would cost you that much so those super luxurious will surely be even more and their would be buyers. These days people buy for the sake of prestige. I am 100% sure that the flats will be sold out in no time on the date of booking.
 

Dark Sorrow

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Why would anyone buy a flat for 7.5 crore? Even if it is in the highest building in the world?
Because it cuts you from rest of the city still you are near the business district at city's prime location. No noise, no pollution, no dust, no birds or insect mess, cool brezee from all side, good mind refreshing view and a lot of privacy. You don't get them bellow 10th-15th floor(depending on your location).
Are this resasons enough for you.
 

tarunraju

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Why would anyone buy a flat for 7.5 crore? Even if it is in the highest building in the world?
Because people do buy $1.5m apartments in major world cities, and there certainly is a market for 50 crore Rupee apartments in Mumbai (some with the best sea view go for 30 crores).
 

amoy

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Flat price ranges between 7.5 to 50 crore.
usd 1 = inr 46 (up to date?)

then inr 7.5 crore = usd 1630k = rmb 1.109 crore

That looks scary. At this level we can have a good villa in the suburbs here. How large is such a flat usually?
 
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plugwater

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usd 1 = inr 46 (up to date?)

then inr 7.5 crore = usd 1630k = rmb 1.109 crore

That looks scary. At this level we can have a good villa in the suburbs here. How large is such a flat usually?
No news on flat size but each sq.ft costs 25,000 rupees.
 

Iamanidiot

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instead of investing 75 crore flat if you invest another 75 crores(150 crores) you will be getting a nice 1000 sqyard villa house in worli
 

BunBunCake

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Why would anyone buy a flat for 7.5 crore? Even if it is in the highest building in the world?
7.5 crore is nothing now a days..
At least not for my relatives in India XD

And seeing that it's in Mumbai doesn't surprise me.
 

prashantm912

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instead of investing 75 crore flat if you invest another 75 crores(150 crores) you will be getting a nice 1000 sqyard villa house in worli
its not 75 crore, its 7.5 crore or 75 million RS.
 

Known_Unknown

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I just think it's dumb to get a 7.5 crore flat in the middle of the city when you could get a much more spacious and well designed farmhouse in the suburbs for less than half the price. But then, it's just like Toronto. In the heart of the city, 3 bedroom flats cost $600,000, while in the burbs, you could get a bungalow thrice the size for almost half the price.
 

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