World One Skyscraper

World One is a supertall residential skyscraper located in Lower Parel, South Mumbai on the 17 Acre Site. The tower is designed by Pei Cobb Freed & Partners Firm and interiors by Giorgio Armani. Its construction started in 2011 and it’s still under construction. The construction cost of the World One skyscraper is USD $320 million and will be opened in 2021. The tower is developed by Lodha Developers.

More Facts About World One

• The WorldTowers project consists of three towers. World One, World Crest, World View,
• The Lodha Group has purchased this 17.5 Acre (7.1 Hectare) site of the defunct Shrinivas Mill in Lower Parel, Mumbai from Shrinivas Cotton in 2005.
• In June 2010, The Economic Times reported that the Lodha Group had secured over US$140 million from Singapore funds GIC and Temasek, and HDFC for this Project.
• During the construction, it faced opposition from the Directorate General of Civil Aviation (DGCA) over security concerns related to the height of the building.
• World-One consists of 117 floors with 290 apartments with the Arabian Sea Design and includes a swimming pool, gym and health club, cricket pitches and a pavilion.
• There is a joint venture between UAE-based Arabian Construction Company and Simplex Infrastructure.
• HDFC Property Fund invested ₹500 crores to acquire a 10% stake in the project in 2010 and Piramal Fund Management invested ₹2,320 crores in 2016.

Price

• World One tower is composed of 3 and 4 BHK apartments start at US$2.1 million.
• On 14 December 2014, Lodha had received US$70 million worth of bookings, at an approximate rate of over US$950 to US$1,100 per sq ft.