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

967K views 2K replies 281 participants last post by  v952010 
#1 · (Edited by Moderator)
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:




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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.
 
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#1,227 ·
Dubai and Shaghai have possibly the coolest skylines ever. However, Dubai skyline is starting to get a tad bit crowded. Is there any plan in Mumbai to make an official, planned CBD with high-rises and skyscrapers that cater to commercial and financial business (besides the Bandra-Kurla Complex)?
 
#1,231 ·
Oh please stop comparing Mumbai with other top cities. Unless and until those hurdles (CRZ norms, MOEF guidelines, Height restrictions, Less fsi etc etc) are not lifted or loosened Mumbai can't resemble any Top Global city.

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FSI limit was set at 4.5 in Mumbai when introduced in the 1960s. Since then of course in every global city, be it Tokyo or Hong Kong FSI norms have been relaxed, but in Mumbai quite the opposite has happened. So while in New York, Tokyo, Hong Kong and Shanghai FSI limits range between 10 and 15, here in Mumbai the permissible FSI range between 2.5 and 4 for redevelopment projects and between 1.33 and 4 for non-redevelopment projects.
 
#1,232 ·
Oh please stop comparing Mumbai with other top cities. Unless and until those hurdles (CRZ norms, MOEF guidelines, Height restrictions, Less fsi etc etc) are not lifted or loosened Mumbai can't resemble any Top Global city.

Have a read
That is mostly cz the infra in bombay is literally shit and won't be able to handle that kind off population strain. Nor the roads or railways have kept pace with population explosion of mumbai.
 
#1,234 ·
An important point to note is that unlike the two cities mentioned above, real estate development in Mumbai is demand driven. No one is building supertalls just for bragging rights. Market-driven development is the only sustainable option in the long run. Anything else results in an asset bubble which sooner or later will pop.

That said, I agree that Mumbai needs a lot more density, through increased FSI in carefully planned zones but backed by and matched, if not preceded, by adequate infrastructure expansion. The latter is now finally happening so it may be time to have a truly comprehensive rezoning of the city.
 
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