Lodha Developers plan to give an ‘Arabian touch’ to ‘World One’
Lodha Developers has awarded civil construction contract of its proposed world’s tallest residential building, World One, to a joint venture of West Asia-based Arabian Construction Company and Simplex Infrastructures . The contract is worth Rs. 450 crores and is scheduled to be completed in 38 months.
The project at Lower Parel in Central Mumbai has created waves in the world of real estate ever since it has been launched in June. However,questions have been raised over the status of approvals from the Ministry of Environment & Forests(MoEF) and the Director General of Civil Aviation (DGCA). The DGCA approval is necessary as the proposed altitude of the building will likely be ’sky scraping.’
However, according to the company, the construction contract for the tower has been placed as it has received the approvals. Abhisheck Lodha, Managing Director of Lodha Developers claimed to have already received all mandatory approvals for the project including the ones from MoEF & DGCA and the construction of World One is all set to kick off from the first week of February.
With a height of 450 metres, World One will surpass the current tallest residential building Q1 at Gold Coast in Australia that is 323 metres high.
The project at Lower Parel in Central Mumbai has created waves in the world of real estate ever since it has been launched in June. However,questions have been raised over the status of approvals from the Ministry of Environment & Forests(MoEF) and the Director General of Civil Aviation (DGCA). The DGCA approval is necessary as the proposed altitude of the building will likely be ’sky scraping.’
However, according to the company, the construction contract for the tower has been placed as it has received the approvals. Abhisheck Lodha, Managing Director of Lodha Developers claimed to have already received all mandatory approvals for the project including the ones from MoEF & DGCA and the construction of World One is all set to kick off from the first week of February.
With a height of 450 metres, World One will surpass the current tallest residential building Q1 at Gold Coast in Australia that is 323 metres high.
Arabian Construction has constructed some of the tallest buildings in the world, including 100-storey Princess Tower and Pentominium in Dubai.
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