Filed under: Real Estate Developments
Want to live at the top of the world? You're going to have to move to Mumbai. That's where Lodha Developers Ltd. is about to start construction on World One, a stack of luxury residences that will stretch over 450 meters (over 1,470 feet) into the sky. The tower will reportedly cost around $450 million to build and units are already being sold at prices from around $1.5 million all the way up to more than $12 million. The developer told the Wall Street Journal that the building will go green by recycling its water, harvesting rain water and using solar power.
Given the recent opening of the Burj Khalifa amid Dubai's real estate implosion, the building of such a monumental new skyscraper seems risky at best but according to Abhisheck Lodha, managing director of Lodha Developers, there is enough economic growth in India to support the project and enough rich people to live there.
The oval shaped building, designed by Pei Cobb Freed & Partners and Leslie E. Robertson Associates, provides a balcony for each unit. The units on the higher floors don't only have better views but they will have less street noise and cooler balconies.