World One

World One
General information
Status Under construction
Type Residential
Location Lower Parel
Town or city Mumbai
Country India
Coordinates 19°00′08.9690″N 72°49′27.5005″E / 19.002491389°N 72.824305694°E / 19.002491389; 72.824305694
Construction started 2011
Estimated completion 2018
Cost US$ 321 million
Owner Lodha Group
Height
Architectural 442 m (1,450 ft)
Tip 442 m (1,450 ft)
Top floor 442 m (1,450 ft)
(Floor 117)
Observatory 304.8 m (1,000 ft)
Technical details
Material Composite
Floor count 117 above ground
2 below ground
Floor area 750,000 m2 (8,072,933 sq ft)
Lifts/elevators 12
Grounds 7.1-hectare (17.5-acre)
Design and construction
Architect Pei Cobb Freed & Partners
Developer Lodha Developers
Structural engineer Leslie E. Robertson Associates
Main contractor
Other information
Number of units 290
Website
www.theworldtowers.com

World One is a supertall residential skyscraper under construction in Mumbai, India.[1] It is located in Lower Parel, South Mumbai on the 7.1-hectare (17.5-acre) site of the defunct Shrinivas Mill. The site also houses two other towers - World View and World Crest. World One was built at an estimated cost of over US$ 321 million. Construction began in 2011, and is expected to be completed in 2018. Once complete, World One will be the tallest building in India, and the tallest residential tower in the world.

World One's architect is Pei Cobb Freed & Partners and the structural engineer is Leslie E. Robertson Associates.[2]

History

The Lodha Group purchased the 7.1-hectare (17.5-acre) site of the defunct Shrinivas Mill in Lower Parel, Mumbai from Shrinivas Cotton in 2005.[3][4][5][6] In June 2010, The Economic Times reported that the Lodha Group had secured over ₹1000 crore (US$150 million) from Singapore funds GIC and Temasek, and a property fund of mortgage giant HDFC, and intended to develop property on the Shrinivas Mill site.[4] In 2010, the developer announced the project to construct the World One at the site of the defunct mill. The Lodha Group would also construct the World View and the World Crest, on the same site, as part of the project.[7] World One initially faced opposition from the Directorate General of Civil Aviation (DGCA) over security concerns related to the height of the building. However, the developer later managed to receive all necessary clearances for the project.[7] World One was built at an estimated cost of over US$ 321 million. The interiors of the tower were designed by Giorgio Armani, and includes a swimming pool, gym and health club, cricket pitches and a pavilion.[8] The 117 storey tower contains 290 apartments, some of which overlook the Arabian Sea.

The contract to construct World One was awarded to a joint venture between UAE-based Arabian Construction Company and Simplex Infrastructure.[9] Construction on World One began in 2011.[10] By December 2014, about 75% of civil construction on the project had been completed.[7] By June 2015, 70% of the tower was complete, with 83 floors having been built.[8]

Apartments at World One start at ₹15 crore (US$2.2 million) for a 3BHK.[11] The Lodha Group opened bookings for apartments at World One on 29 November 2011. When the first round of bookings closed on 14 December 2014, Lodha had received ₹500 crore (US$74 million) worth of bookings, at a approximate rate of over ₹70,000-80,000 per sq ft. The tower is composed of 3 and 4 BHK apartments.[7] Lodha began offering apartments at World One for sale in London in February 2015. The company hired London estate agent, Wetherell Estates, to market and sell homes in the tower. Lodha particularly hoped to target high net worth Indians living in Mayfair, London.[12]

World View and World Crest

There are 2 other towers under this project:

World View

The World View tower is proposed to be built, but construction has not yet begun. It is planned to have 90 floors.[13]

World Crest

The World Crest is a 57 floor residential tower with a height of 222.5 metres. Construction on the tower began in 2011, and is expected to be completed in 2016.[14]

The tower topped out in June 2014.

Gallery

See also

References

  1. ↑ "Media Kit.cdr" (PDF). Retrieved 16 July 2010.
  2. ↑ "Lodha announces World's Tallest Residential Tower | Projects | Construction News". ConstructionWeekOnline.in. Retrieved 16 July 2010.
  3. ↑ "Lodha to invest Rs 2,000 cr for world's tallest homes". The Economic Times. Retrieved 27 April 2016.
  4. 1 2 "Lodha to gift Mumbai world's tallest homes - The Economic Times". The Economic Times. Retrieved 27 April 2016.
  5. ↑ Money Management. "Lodha group set to erect world's tallest residential tower - 1 - 2010: Money & Budget Special on MSN India". News.in.msn.com. Retrieved 16 July 2010.
  6. ↑ "Lodha to gift Mumbai world's tallest homes-News -Real Estate-Markets-The Economic Times". Economictimes.indiatimes.com. 4 June 2010. Retrieved 16 July 2010.
  7. 1 2 3 4 "Lodha Sells Rs 500 Crore Worth Flats in 9 Days at Mumbai High Rise - NDTV". profit.ndtv.com. Retrieved 27 April 2016.
  8. 1 2 "World’s tallest residential tower is 70% complete". Design Middle East. Retrieved 27 April 2016.
  9. ↑ Dey, Paromita. "World's tallest residential tower gathers pace | ConstructionWeekOnline.com". www.constructionweekonline.com. Retrieved 27 April 2016.
  10. ↑ http://skyscrapercenter.com/building/world-one/9337
  11. ↑ Bundhun, Rebecca (3 March 2016). "Supertall Buildings Lure Mumbai’s Elite". The New York Times. Retrieved 27 April 2016.
  12. ↑ "The world's tallest tower block goes on sale". Telegraph.co.uk. Retrieved 27 April 2016.
  13. ↑ http://skyscrapercenter.com/building/world-view/16252
  14. ↑ http://skyscrapercenter.com/building/world-crest/14473

External links

Wikimedia Commons has media related to World One.

Coordinates: 19°00′09″N 72°49′35″E / 19.00250°N 72.82639°E / 19.00250; 72.82639

This article is issued from Wikipedia - version of the Thursday, April 28, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.