Lodha reopens bookings for world's tallest residential tower "World One"

Q: After a gap of 3 years, Mumbai based realty major has reopened bookings in its luxury residential tower - World One.

Kishore Pathak, Mumbai

10th December 2014

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The entire project called World Towers will have three towers - World One, World Crest and World View.
According to real estate experts, the demand for luxury residences continues in India. As the World Towers have proved after three years of gap still the demand is in peak.

Sunil Joshi, Mumbai

10th December 2014

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Some of the other features of the World One include having India’s fastest elevators traveling at 8 metres/second. This is one of its first project in South Asia to have Armani/Casa design its interiors and first project in India to be constructed with latest construction technology called Jump form shuttering system.

Kishore Pathak, Mumbai

10th December 2014

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But now all the necessary approvals are in place including civil aviation permissions. It will be a 117 storeyed project as mentioned. He added that 74 floors in the project are completed and the construction is currently on for the 75th floor.

Sunil Joshi, Mumbai

10th December 2014

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Do you know that the project had to face challenges. The height of the project had raised concerns that the tower may hinder the aircraft movement from the Mumbai International Airport as the project is in the centre of the city. In 2011, the International Civil Aviation Organization had also conducted a study to understand if there were any risks to the movement of flights in and out of Mumbai.

Kishore Pathak, Mumbai

10th December 2014

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As per Lodha's Director, the project will be 423 metres, or 1400 ft, in height almost 4.5 times the height of the Statue of Liberty in the US. The company has seen a total of R2,000 crore of sales in World One till date. In the last 2 weeks, the company has seen R500 crore in sales and has sold 30 units. The current round of bookings is for 3/4 BHK apartments and will go on till December 14, 2014.

Sunil Joshi, Mumbai

10th December 2014

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The apartments are being priced at R70000/sq-ft on carpet area for apartments sized 2500-3500 sq-ft. This takes the ticket size of the apartments to Rs.18 cr. to Rs.25 cr.

The project located in central Mumbai, close to the upmarket Worli, was initially launched in late 2010, however, after almost a year of sales, the bookings were stopped in end 2011.

Yes, the company had sold 50% of the project in the first 12 months of the launch and decided to take a break on bookings as it wanted to reach a certain threshold of construction before starting bookings again.

Kishore Pathak, Mumbai

10th December 2014

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Hi,
I need the project details. Where is the project strategically situated? As this project was launched in the year 2010 and almost 50% of the flats had sold then why did they stop the booking?

Sunil Joshi, Mumbai

10th December 2014

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