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Old April 10th, 2013, 05:06 AM   #2221
wtcforever
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looks like kingdom tower
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Old April 10th, 2013, 01:26 PM   #2222
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lol you should have said that Kingdom tower resembles it and btw it's on hold.So no need to bump this thread.
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Old April 10th, 2013, 05:06 PM   #2223
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India Tower looks like Kingdom Tower only in that it has spike-like contour
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Old May 8th, 2013, 01:25 AM   #2224
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So is this project dead ?
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Old May 8th, 2013, 09:47 AM   #2225
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You sure like bumping threads for no reason (225 west and now this)...
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Old July 9th, 2013, 03:11 PM   #2226
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finally seen some movement at the site. cranes seem to be moving. debris from my plot is also being sent there. work has probably begun to bring up the basement.
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Old July 9th, 2013, 03:29 PM   #2227
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Maybe theyre planning to fill in the hole? This project is a joke.
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Old July 9th, 2013, 03:37 PM   #2228
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Quote:
Originally Posted by sunnyk07 View Post
finally seen some movement at the site. cranes seem to be moving. debris from my plot is also being sent there. work has probably begun to bring up the basement.
Now that would be a turn. But as the guy above me noticed they very well may be cleaning/filling the site. If you could manage to take a sneak for some shots that would probably clear the situation a bit.
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Old July 9th, 2013, 03:52 PM   #2229
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Quote:
Originally Posted by Archaean View Post
Maybe theyre planning to fill in the hole? This project is a joke.
I think so too.
@ joke project... when this was in site preparation stage it was as serious as any other megatalls that are currently U/C but Mumbai corporation officials made it a joke project
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Old July 9th, 2013, 08:45 PM   #2230
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Quote:
Originally Posted by patrykus View Post
Now that would be a turn. But as the guy above me noticed they very well may be cleaning/filling the site. If you could manage to take a sneak for some shots that would probably clear the situation a bit.
yes, let's first see what happens in the next time
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Old July 10th, 2013, 04:12 PM   #2231
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Quote:
Originally Posted by MSskyline View Post
India Tower looks like Kingdom Tower only in that it has spike-like contour
The other way is correct. India tower (720m) renders were released in april 2010.... whereas kingdom tower renders were released in mid 2011.
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Old July 11th, 2013, 02:00 AM   #2232
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Quote:
Originally Posted by ZZ-II View Post

yes, let's first see what happens in the next time
It does look as if the developer, DB, is starting to emerge from their little crisis and pushing ahead with all their other projects. This one may lag them by a bit because it's more of a trophy asset and may need more working capital than the others which are pretty much self-sufficient on their sales revenues. Fingers crossed.
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Old August 14th, 2013, 06:25 AM   #2233
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Quote:
Tallest hotel project may turn into flats

MUMBAI: Five years after the project was announced, DB Hospitality has shelved plans to construct the iconic India Tower (Park Hyatt), the tallest luxury hotel of 125 floors in India. In its place, the developer-who had battled the state government for a higher hotel floor space index (FSI) of 6.29 all the way to the Supreme Court-is now contemplating alternatives like a high-end residential building overlooking the Arabian Sea.


"The slowing economy and poor hospitality market conditions had made the project unfeasible," said Vinod Goenka, chairman and co-founder of D B Group. "So we have decided to scrap the hotel plans. We are considering other alternatives," he added.

The two-acre plot, located close to SK Patil Udyan at Charni Road, was bought by D B in 2005 from Suresh Estates Pvt Ltd. In December 2007, the Supreme Court directed the state government to consider the developer's plea for higher FSI of 6.29 to construct a hotel. The project cost had been estimated at Rs 2,800 crore. The hotel was to be operated by the Hyatt chain.

During Praful Patel's tenure as aviation minister, the Airports Authority of India had sanctioned a height of 424m for the hotel. So far, only the basement work has been completed.

Property analysts are not surprised by the company's decision, considering as many as 75 hotels across the country are displaying "For Sale" signs. "The decision is in line with D B's restructuring to improve their image which was affected after the arrest of their promoters," said an analyst.

Source:TOI
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Old August 14th, 2013, 06:36 AM   #2234
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Russia tower thread was active this week. Got excited only to see they are planning something shorter in its place. Now India tower got scrapped. Two massive disappointments this week. Well, shit.
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Old August 14th, 2013, 07:52 PM   #2235
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i lost hope for russia tower and india tower long ago. better it is good to know we can let go instead of waiting for them to wake up from their on-hold-koma
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Old August 14th, 2013, 08:54 PM   #2236
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Quote:
Originally Posted by KillerZavatar View Post

i lost hope for russia tower and india tower long ago. better it is good to know we can let go instead of waiting for them to wake up from their on-hold-koma
I still had a little hope for India Tower, but i lost it this wek
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Old April 26th, 2015, 10:41 PM   #2237
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@jokeproject
So, another joke in Mumbai.....
At least World one is doing well........
Lets hope someone else will come in India Towers' place to rise on the banks of Arabian sea, taller than India towers........
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Old July 1st, 2015, 07:32 PM   #2238
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Piramal Realty Eyes Marine Lines Plot?

As reported in economic times dated 10th June 2015....detail report below:

Piramal Realty Eyes Marine Lines Plot - In talks with DB Group to buy 2.2-acre, sea-facing land parcel for Rs 1,000 crore

Piramal Realty is in advanced talks with DB Group to acquire a prime sea-facing, 2.2-acre plot of land at Marine Lines in south Mum . 1,000 crore. The Ajay Pibai for over ` ramal-led company is also expected to give DB Group 20% of built-up space on the property , two persons familiar with the development said.
“Piramal Realty is currently doing due diligence for the deal and the talks are at an advanced stage, with the terms almost finalised,“ one of them said. Piramal Realty declined to comment. DB Realty, however, denied the development.
The proposed deal with Piramal Realty comes in the wake of the DB Group's decision to scrap its plan to develop India's tallest 126-storey fivestar luxury hotel on the plot that oversees the Arabian Sea. The group had initially proposed the project under the name of Park Hyatt Tower in 2008. It had acquired the plot, located close to SK Patil Udyan, in 2005 from Suresh Estates, another developer operating in south Mumbai.
The construction work for the proposed 718-metre skyscraper had started after approvals from the civic authority were obtained in 2010. However, the project was put on hold in 2011. DB Group will have to seek fresh approvals, including for the building plan to be prepared by Piramal Realty, whose payment of the consideration will be linked to the securing of these sanctions.
Piramal Realty, founded in 2011, is part of the Piramal Group and has invested over . 4,100 crore in acquiring ` prime properties in Byculla and Kurla in Mumbai and Thane in the past few years.
This is among the first such transactions involving DB Group after its alleged involvement in the 2G telecom spectrum scam in 2011. For the past few quarters, the developer has been looking to tie up with other developers to further some of its projects such as the MIG colony redevelopment in the Bandra suburb of Mumbai.
Late last year, the group's hospitality arm had held talks with another Mumbaibased developer, Sheth Creators, to jointly develop a high-end, sea-facing residential project on the same plot.However, these talks did not lead to any transaction.
Under the proposed agree ment, Piramal Realty will pay about ` . 60 crore as upfront, refundable deposit to DB Hospitality, which has now been rechristened Marine Drive Hospitality & Realty , as initial consideration, the people cited earlier said. Within two years of this initial payment, DB Group is expected to secure permissions for the proposed project plans and this will be treated as a trigger for payment of the balance over the next few years.
Piramal Realty will execute, brand and market the project, according to the proposed deal, while DB Group will be responsible for obtaining approvals from the civic au thority . In September 2014, Industrial Finance Corporation of India had put this plot on the block to recover its dues after the developer failed to repay secured debt. IFCI had invited bids under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act with a reserve . 606 crore for the plot.price of ` DB Group had challenged IFCI's move to auction the plot and the matter was referred to the debt recovery tribunal.
DB had moved the Supreme Court seeking directions to the state government to allow a higher hotel floor space index of 6.29 for the project. In December 2007, the court asked the state government to consider the developer's plea.
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Old July 1st, 2015, 08:03 PM   #2239
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Omg I thought there was an update.
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Old July 1st, 2015, 08:41 PM   #2240
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something will happen with the site but the original plan won't come back
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