Mumbai invites well-heeled to the world’s tallest residential tower
If rest of the world captured the heat, dust and the underbelly of Mumbai city through Slumdog Millionaire, here’s joie de vivre sans the Hollywood’s camera lens. As the Lodha Developers Ltd. starts construction on World One, a stack of luxury residences that will stretch over 450 meters (over 1,470 feet) into the sky, there’s little cynicism toward the project’s success, unlike the speculative Dubai market searching optimistic signs to boost the confidence. The tower, when completed in 2014, will dwarf the Empire State Building in New York and will beat the record for tallest residential tower, currently held by the 323-meter residential complex in Australia called “Q1.” Estimated to cost around $450 million with units already being sold at prices from $1.5 million to over $12 million. Designed by Pei Cobb Freed & Partners and Leslie E. Robertson Associates, the oval-shaped building incorporates some green credentials like recycling its water, harvesting rain water and using solar power. Given the economic growth in India, we could expect enough well-heeled to live there.