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Old September 1st, 2008, 07:03 AM   #1
Jai
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MUMBAI | Oberoi Skyz | 230m | 65 fl x 2 | Cancelled

Oberoi Skyz -- Worli, Mumbai




Oberoi Skyz by Oberoi Constructions is one of the first skyscrapers proposed for the now growing Worli skyscrapers.

Touted as a super-lux development, Oberoi Constructions apparently didn't even deign to advertise, but instead targeted über-rich individual clients including Indian sports stars, industry tycoons and Bollywood celebs.

In contrast to many of the unique architectural gems coming up in Mumbai, Oberoi Skyz is decidedly run-of-the-mill. Comprising two towers of 65 floors, each with one unit per floor, the towers are located smack dab in the middle of Mumbai's Worli neighborhood's bourgening skyline where it will rub shoulders with equally tall towers and even taller supertalls.

So while the architecture of the 65-story twin towers (50 stories + 15 floor podium) is nothing special, this was not always the case. Skyz it was one of the first towers in Mumbai whose developers thought tall. The project was originally supposed to be a massive "rocket-shaped" tower 90 stories/345 meters tall, but were denied clearance because they would interfere with a nearby TV tower.

Thankfully, that era of thinking in Mumbai is coming to a close, with even taller towers having since been approved in virtually the same area as Oberoi Skyz. So you can say that this tower was either proposed too soon and was thus shortened, or the legal wrangling surrounding this tower's approval paved the way for other, taller projects.




The project is approved and according to the builder is under construction, however no u/c pics of the towers have been found.


-Jai

Last edited by Jai; June 6th, 2009 at 07:46 AM.
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Old June 6th, 2009, 07:48 AM   #2
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Haven't updated this in a while...
Quote:
Originally Posted by IndiansUnite View Post
Here's another view from Business today magazine


______

As stated above in Jai's post, they'll come up at the land owned by Glaxo




click here to view on wikimapia
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Old June 6th, 2009, 07:49 AM   #3
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Some more updates from IU:

Quote:
Originally Posted by IndiansUnite View Post
I spoke with the project manager of Oberoi Skyz at LERA the other day. He said that the building would have more than 65 floors but less than 70. Now here's the best part of the convo. He said that within a month, another supertall will be launched in Mumbai. He gave me no details about the project nor its developer but said that LERA is involved in it. So everyone keep an eye on google news and the daily newspapers.
Quote:
Originally Posted by IndiansUnite View Post
np folks. Here's another render of Skyz showing its backside -



It's from a PDF on Langan Engineering & Environmental services's website. According to the PDF they assisted in the design of a shallow mat foundation support for each tower — an unprecedented foundation type for a Mumbai tower. Langan performed a three dimensional finite element analysis to demonstrate that the raft foundation was feasible. The innovative design resulted in multi-million dollar cost savings for each tower and reduced the projected foundation construction schedule.
Quote:
Originally Posted by IndiansUnite View Post
some info from India Today -

This twin-tower, 65-storey extravaganza coming up in the heart of Mumbai will have duplex apartments of 8,950 sq. ft each, with floor-to-ceiling windows opening to a sky deck, a temperature-controlled indoor swimming pool, with state-of-the-art gymnasium, sky lobbies, exclusive, private elevators, and a little water body inside each duplex.

USP: Private elevators, sky lobbies, indoor swimming pool
Location: Worli
Area: 8,950 sq. ft
On sale: A few flats are still up for grabs
To be completed: Early 2011
Builder: Oberoi Constructions
Price: Rs 50 crore-Rs 55 crore (approx.)
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Old June 6th, 2009, 07:51 AM   #4
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More updates.....

Quote:
An update on the legal wrangling around Oberoi Skyz and a small site pic:

Civic body going to SC over Worli twin towers
Quote:
The expensive Mumbai residential towers have been dogged by regulatory and legal issues from the start
Madhurima Nandy
Posted: Tue, Sep 9 2008. 10:40 PM IST

Mumbai: It was touted as the most expensive and exclusive residential block in south Mumbai’s Worli area, but it has been dogged by regulatory and legal issues from the start and a fresh twist could see its fate being decided by the country’s apex court.

The most important issue involves the ownership of the land with Mumbai’s local corporation, the BrihanMumbai Municipal Corporation (BMC), claiming that it has a right to the land. BMC also approves all real estate projects in the city.

I-Ven Realty Ltd, a joint venture between Mumbai’s Oberoi Constructions Pvt. Ltd and private equity firm ICICI Venture Funds Management Co. Ltd planned to develop 44 duplex apartments in twin 65-storeyed towers overlooking the Arabian sea. The development attracted buyers such as Future Group chief Kishore Biyani and 20 apartments were sold.

The current prices of the apartments are around Rs40,000 per sq. ft, or Rs32 crore for a 8,000 sq. ft flat.

V. Radha, joint commissioner, BMC said, “The land belonged to BMC and was given to Glaxo on lease.”

A GlaxoSmithkline Pharmaceuticals Ltd unit used to be located at the project site. Glaxo transferred this land to the developer, but Radha said there were “lapses in the transfer of land between Glaxo and the developer”. Even after the Glaxo unit was demolished, the developer could not begin construction as BMC refused to give the mandatory no-objection certificate and demanded Rs134 crore because the land had originally belonged to it.


Legal issues: The site for the proposed twin tower project. The municipal corporation says it will move the Supreme Court against the developer.

In August, after the developer moved Bombay high court against BMC’s demand, the latter was directed to either give the project a clean chit or appeal against it in a higher court. The project could have begun after the court's verdict, but BMC has now opted to file an appeal.

“We are going to appeal in the Supreme Court by this month-end,” said Radha.

“I am not giving up on the project. I have already paid Rs7.5 crore as transfer of land fee to the BMC and have got the required approvals for the project. I am answerable to my buyers for the delay” said Vikas Oberoi, managing director of Oberoi Constructions which bought the the 4-acre Glaxo property back in 2004 for Rs107 crore.

Radha added that BMC had “detected fraudulent measures in the developer’s usage of floor space index (FSI),” which decides how much development can be carried out on a plot of land.

However, Oberoi denied the charges. “How can they accuse us of FSI frauds when we haven’t even begun construction? Tampering with the permissible FSI limits occurs only when you start constructing,”
he said.

Another twin-tower project being developed in Mumbai by Shapoorji Pallonji and Co. Ltd and builder Dilip Thakker faced several objections ranging from construction on space reserved for public road, obstructing ventilation and endangering the environment by bringing down a hill. While construction of one tower is complete and another tower is nearing completion, the developers have not publicly advertised the project. It is believed that some of the apartments have been sold by invitation.

Delays in housing projects can hurt developers, said Shailesh Kanani, an analyst with Angel Broking Ltd. “It causes problems in cash inflow for the developer because he can’t continue with bookings and even investors get stuck because the project has made no progress.”
Quote:
Originally Posted by IndiansUnite View Post
I spoke to a PR dude in Oberoi constructions on Saturday. OC is still gung-ho about the project. They expect things b/w them and the BMC to be settled by the SC in the next 2 months.
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Old June 6th, 2009, 09:30 AM   #5
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latest update
Quote:
Originally Posted by IndiansUnite View Post
I spoke to someone from OC today. 2 more months till the bmc squabble settles..that's what they're still saying.

Meanwhile, the project managers from LERA and Langan gave a presentation in March in NYC on the structural and geotechnical challenges that Oberoi Skyz will face-


Clicky
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Old June 20th, 2009, 04:09 AM   #6
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Larger & clearer render




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Old August 11th, 2009, 03:43 AM   #7
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they dont look 65 floors to me, more like 30 floors.

Last edited by european; August 11th, 2009 at 03:52 AM.
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Old August 12th, 2009, 05:36 AM   #8
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Quote:
Originally Posted by european View Post
they dont look 65 floors to me, more like 30 floors.
ok
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Old May 18th, 2010, 05:09 AM   #9
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Any news on this project?
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Old December 25th, 2010, 10:51 PM   #10
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Any up date
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Old December 26th, 2010, 03:02 PM   #11
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On Hold

http://www.skyscrapercity.com/showth...=610434&page=3

Quote:
Originally Posted by IndiansUnite View Post
FWIW - this is the site of the towers. The project is as good as dead but posting this just in case it resuscitates:

August 2
Copyright ab_aditya
Quote:
Originally Posted by Coolguyz View Post
No,nothin yet, sorry for the crappy pic, anyways the gate kept open most of the time with one car standing
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Old December 29th, 2010, 10:47 AM   #12
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Cool both secure

both secure and bad but are a snowfall fuse to nonentity, and I heard myself said calmly, "In this municipality, if the regular pains of poorness to encounter a individual, which.
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Old September 30th, 2011, 02:55 PM   #13
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It's not on hold, it was never even approved. It is still proposed. btw, these are skyscrapers not highrises, title should be -

MUMBAI | Oberoi Skyz | 230m | 65 fl x 2 | PRO

It's still alive though -

Quote:
Originally Posted by jinka sreekanth View Post
Oberoi Group Co Looks to Acquire ICICI Venture’s 50% in SoBo Project

MUMBAI

The Oberoi Realty group is in talks to buy the 50% stake held by ICICI Venture in a posh residential project in South Mumbai. Oberoi Realty, the group’s publicly-held company, is expected to pay . 300 crore for the stake, giving ICICI Venture a return of just less than six times in seven years. Oberoi, in 2004, teamed up with ICICI Venture to float a joint venture to buy a prime four-acre plot belonging to GlaxoSmithKline to develop a residential high-rise.

The JV had planned to build around 44 duplex apartments in two 65-stroreyed towers, overlooking the sea. But it could not immediately go ahead as the Brihanmumbai Municipal Corporation (BMC) had demanded a fee from Glaxo worth up to 50% of the value of the land sale, which was . 108 crore. But the Supreme Court set aside the BMC’s decision, paving the way for the project to go ahead. “The investment was made through a close-ended fund and therefore an exit with strong returns is good for investors,” a person close to the transaction said. Vishakha Mulye, MD & CEO of ICICI Venture declined to comment. Vikas Oberoi, chairman and MD, Oberoi Realty also declined to comment. The proposed deal values the property at almost . 150 crore per acre, which is lower than the last notable deal in the same locality.

Indiabulls Real Estate bought 10.5 acres belonging to Bharat and Poddar Mills for around . 2,100 crore or . 200 crore per acre through auctions conducted by the National Textile Corporation. “If the sale is done at . 300 crore, then the deal is clearly in favour of Oberoi Realty if valuations of recent deals are benchmarks,” said an analyst with a Mumbai-based brokerage, which tracks Oberoi Realty. The property developer has almost . 1,500 crore in cash, a rarity given that most realty firms are struggling with debt. The remaining 50% in the project is owned by an unlisted firm, owned by the developer’s promoters.

Building Blocks

• Oberoi Realty is expected to pay . 300 cr for the stake, giving ICICI Venture a return of just less than six times in seven years

• Proposed deal values the property at almost . 150 cr per acre, lower than the last notable deal in the same locality
link http://www.mumbaipropertyexchange.co...l.aspx?id=1981
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