House 6840 Sq.ft. for Sale in Parel, Mumbai

Listing ID #162915

MUMBAI- The citys skyline is all set to play host to the worlds tallest
residential building with Lodha Developers announcing the construction of a
117-storey tower in Lower Parel on Tuesday. Once ready in 2014, the 450-mt
(1450 ft) highrise will dwarf the existing tallest residential building Q1,
which is 323 mt (1058 ft) high, in Gold Coast, Australia. The 80-storey Q1
was built in 2005.

The half-a-kilometre tall structure will come up on the defunct 17-acre
Shrinivas Mill plot in Lower Parel. Titled World One, the building will be
part of the Rs 2000-crore Lodha Place project which comprises two other
residential towers- a mall and a commercial building.

The skyscraper will have a total of 300 apartments and will have three and
four bedroom flats, private villas with individual pools as well as duplexes
measuring 10,000 sq ft. The flats come with exorbitant price tags of Rs 9
crore to Rs 50 crore.

Abhisheck Lodha, managing director of Lodha Group, said the project would
cater to the Mumbaiites aspirations to a global lifestyle. Drawing a
parallel with the Empire State Building as a symbol of Americas rise in the
1930s and more recently the Petronas Twin Towers and
Shanghai World
Financial Center representing the rise of Asia, the developer said World One
would emerge as a landmark for Mumbai.

"Every global city is made memorable by its architectural landmarks. Be it
the Eiffel Tower in Paris, the Opera House in Sydney or the Empire State
Building in New
York, these vibrant forms reflect the passion and culture of the city they
are located in. We are confident that World One will come to represent
Indias quest for excellence in the economic and cultural arenas," said
Lodha.

The project is being designed by the New York-based architects Pei Cobb
Freed and Partners, who have earlier worked on projects like the Grand
Louvre Expansion and Modernization (Paris), the Bank of China Tower (Hong
Kong) and the John Hancock Tower (Boston).