Lodha Group sells INR 500 Cr residences at world’s tallest residential tower in 9 days

December 10, 2014 By Lodha Web

Mumbai, December 10, 2014: World One, the world’s tallest residential tower, has registered bookings to the tune of over INR 500 Cr in the metropolis, three years after it has reopened for booking on November 29.

The iconic World One is part of the ultra-luxurious development, The World Towers by Lodha Group, India’s largest real estate developer. It is Asia’s first project to have Interior Design by Armani/CASA and is located in the island city’s ‘Golden Mile’, a mile long stretch of premium residences, offices and entertainment centers in south-central Mumbai.

Bookings to this 117 storey tower will close on December 14. Nearly 75 percent of the civil construction has been executed. The project is expected to be completed in 2016. “World One has reopened sales for a limited window and we have received record bookings within few days. This reflects on customer’s appetite and desire for buying high-end, high quality developments” said Mr. Abhishek Lodha, Managing Director,Lodha Group.

Currently 3 and 4 BHK apartments are being developed, which are likely to fetch in the upwards of INR 70,000 to INR 80,000 per sq ft. Besides World One, Lodha Group is developing two other towers – World View and World Crest- on the land parcels spread over 17 acres.

The World Towers will house luxurious World Residences, World Villas and select World Mansions offering an exclusive lifestyle experience to meet the demands of the cities affluent, eminent personalities and the crème de lacrème of India Inc.

About the Lodha Group:

Established in 1980, privately held Lodha Group is India’s No. 1 real estate developer and amongst the world’s select multinational real estate developers with presence in India and the United Kingdom. The company is one of the most profitable players in India, having clocked INR 7519.4 Cr for FY 13-14 – larger than #2 and #3 players combined in India. The Group is currently developing an estimated 43 million sq. ft. of prime real estate with the largest land reserves in MMR, and has delivered 25 million sq. ft. as of September 30, 2014, with 28 ongoing projects across London, Mumbai, Pune and Hyderabad. www.lodhagroup.com