LOWER PAREL | Lodha Place | World One 442m-117fl + World Crest 223m-57fl + more | U/C

[rizwan3]

Lodha Place - a project by Lodha Developers is coming up on the erst. Sreenivas Mills land in Lower Parel. The 18 acre development will feature 3 residential towers, a hotel/commercial tower, a museum called Museum of Mumbai (MuMu) and retail space.

Lodha Place skyline - 3 towers





Lodha Place Layout


So far 2 towers have been launched - World One and World Crest


World One -117 floors and 442 meters high
Website

VIDEO: Lodha Group unveiling the World One tower

Renders:




Click to view large















scale model:




World Crest - 57 floors
Website







Location: (view on google maps)





Lodhas to build 117-storey tower in Mumbai

Mumbai-based real estate developer Lodha Group plans to build the world's tallest residential tower comprising 117 floors and rising to 1,450 feet.

It will house about 300 super luxury homes, including three and four bedroom residences, villas with own private pools and a limited number of luxury mansions as well.

The apartments will cost over Rs 7.5 crore each. The high-rise tower will come up on a 17-acre plot in Lower Parel, the mill land area.

The total investment will be Rs 2,000 crore and the Lodhas expect the project to generate Rs 5,000 crore. Construction is slated to begin in a few months and scheduled for completion in 2014. Sales are expected to begin by the month-end.

Mr Abhisheck Lodha, Managing Director, Lodha Developers, said, “ We have consciously tried to create a building fabric which is global in appeal but Indian in character and are confident that ‘World One' will represent India's quest for excellence in economic and cultural arenas.”

Funding, he added, will come from bookings, internal accruals and debt financing. The company is in talks with a few PE players and about Rs 500 crore could come in PE investment.

The Lodhas have signed up New York-based architect firm Pei Cobb Freed and Partners and retained Lera, also from New York, for structural consultancy.

The project will apply for green certification of the Green Building Council.

The Lodhas recently bagged a 25,000 square-metre plot in Wadala from the Mumbai Metropolitan Region Development Authority for Rs 5,030 crore. Here too, the company intends to build an iconic tower.

[cncity]

Awesome project. Cant wait to see this getting constructed

[Hindustani]

nice to see some sort of cylindrical design for a change. bombay got tons of boxes & rectangular design. this is a welcome change.

[KuwarOnline]

great design than normal concrete dabba,,,

[India101]

Wow, there are internet article abouts this from all over the world. Some in French, Japanese

[India101]

Site:

[Bombay Boy]

its opposite blue frog huh. thats right next to the dlf property and a stone's throw away from palais royale and the 3 sky buildings at indiabulls. thats a potentially nice cluster, with 'low-rises' like rna mirage, raheja legend and oberoi skyz

[India101]

mhm, right in the middle where all the stuff is happening at.

[bairagi]

deleted.

[IchimaruGin1]

Originally Posted by Bombay Boy

its opposite blue frog huh. thats right next to the dlf property and a stone's throw away from palais royale and the 3 sky buildings at indiabulls. thats a potentially nice cluster, with 'low-rises' like rna mirage, raheja legend and oberoi skyz

will you be buying bobo?

hmm 7.5 crore. that cheap in relative terms. even if on the lower floors.

[Bombay Boy]

i dont need a new place in bombay. wouldnt mind something nice in alibaug

[Nitro]

....now this is what a residential tower should look like

[IchimaruGin1]

Originally Posted by Bombay Boy

i dont need a new place in bombay. wouldnt mind something nice in alibaug

people will say to you Alibag se aaya hai kya (have you come from alibag) and you will have to say yes.

[Bombay Boy]

and?!?

[IchimaruGin1]

Originally Posted by Bombay Boy

and?!?

nevermind lol

[Cov Boy]

Was wondering when this thread would be created for this project so well done.

Mumbai finally gets its supertall like other cities in the world.

Imagine the view from the sealink of all the highrises in that location.

[shreyansh]

Just came to know about this project yesterday night. I hope that the construction starts soon. Such an ambitious project.

[powai_mumbai]

Originally Posted by IchimaruGin1

will you be buying bobo?

hmm 7.5 crore. that cheap in relative terms. even if on the lower floors.

My estimates, it would be much higher than the 7.5 crore price. Basic flat must be about 15-18 crores min. Since this building would be one of a kind in the world, it will fetch a much much higher price than whats been quoted for now.

[Bombay Boy]

7.5 crores is the cheapest flat. most expensive is 50+

[IchimaruGin1]

Originally Posted by Bombay Boy

7.5 crores is the cheapest flat. most expensive is 50+

hmm you think that will rise with inflation?