MUMBAI: 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 The contract is worth 450 crore and is scheduled to be completed in 38 months.The project at Lower Parel in central Mumbai has been in the news ever since it has been launched in June. There have questions over the status of approvals from the ministry of environment and the director general of civil aviation.
However, according to the company, the construction contract for the tower has been placed as it has received the approvals. “We have all the necessary approvals, including from the ministry of environment and the director general of civil aviation and the construction of World One will kick off from the first week of February,” said Abhisheck Lodha, managing director of Lodha Developers. The DGCA nod is needed because of the builiding’s height.
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.
