The defunct Shrinivas Mill at Lower Parel in Central Mumbai was a mute witness to the feverish construction work changing the skyline over there. But, no longer.
If Abhishek Lodha, the 30-year-old head of the Lodha Group is to be believed, the 17.5-acre plot will soon "exemplify the spirit of Mumbai - to always soar higher through hard work and passion". He may have been inspired by the nearby 65-storey residential project of Indiabulls, which promises a "head in the clouds" experience for buyers.
World's tallest home
Out of bounds for the public now as ground work is going on at full swing, the nondescript site is all set to see a 117-storey or 1,450-ft residential tower, World One, touted as 'the world's tallest residential tower". The group claims that when it is complete by 2014, it would dwarf the Q1 tower at Gold Coast, Australia, which has a height of 1,058 ft, or 80 floors.
Targeted at ultra-rich Indians, the apartment prices in World One would start from Rs 7.5 crore and the most expensive one be as much as Rs 50 crore. Though the group has already done a soft launch among select buyers at Rs 25,000 a sq ft, it is planning to launch the project by this month-end, Lodha said at a press conference here today.
The building would include about 300 exclusive homes, including 3-bedroom and 4-bedroom World Residences, lavish World Villas with their own private pools and a limited number of uber-duplex World Mansions.
Image: A depiction of a proposed residental tower, which would be the world's tallest, is displayed at a press conference in Mumbai on June 8, 2010.
Text: Business Standard
Images courtesy: AFP