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Lodha World One - India's Tallest Residential Tower

Sunday, December 18, 2011

We visited the Lodha World One site in Lower Parel (Mumbai), where India's proposed tallest residential building is under construction. We found a lot of activity at the site and currently basement construction work is underway.

The contract is executed by Arabian Construction Company (ACC)- Simplex Infrastructures consortium, with a duration of 48 months from February 2011.

Lodha World One: The total area of 1.3 mn sq ft comprises 290 units (80 units of 7,000 sq ft and around 15 units of 12,500 sq ft, balance 3 and 4-BHK). Lodha expects expects the cost of construction to be in range of Rs 9,000 per sq ft. Layout plan approved/Government car park (CC in place), permission for 80 storeys in place. Current price is Rs32,000-35,000 per sq ft; Launch price of Rs21,800 per sq ft. 60-65% apartments have sold, 40-45% of these are the smaller-sized apartments.

Actual Site Photograph of Lodha World Crest

Lodha World Crest:Total area of 0.7 mn sq ft comprises 214 units (3 and 4-BHK), with 60 units sold. The construction contract is yet to be awarded. The current price is Rs24,000-25,000 per sq ft.

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