World One

The Lodha Group purchased the {{convert|17.5|acre|ha|order=flip|adj=on}} site of the defunct Shrinivas Mill in Lower Parel, Mumbai from Shrinivas Cotton in 2005.{{cite web|title=Lodha to invest Rs 2,000 cr for world's tallest homes|url=http://articles.economictimes.indiatimes.com/2010-06-09/news/27606766_1_shrinivas-mill-lodha-developers-singapore-funds-gic|archive-url=https://archive.today/20130103100219/http://articles.economictimes.indiatimes.com/2010-06-09/news/27606766_1_shrinivas-mill-lodha-developers-singapore-funds-gic|url-status=dead|archive-date=3 January 2013|website=The Economic Times|access-date=27 April 2016}}{{cite news|title=Lodha to gift Mumbai world's tallest homes – The Economic Times|url=http://economictimes.indiatimes.com/wealth/personal-finance-news/lodha-to-gift-mumbai-worlds-tallest-homes/articleshow/6009699.cms|website=The Economic Times|date=4 June 2010 |access-date=27 April 2016 |last1=Ghosh |first1=Sugata |last2=Datta |first2=Kausik }}{{cite web |author=Money Management |url=http://news.in.msn.com/moneyspecial/realestate/article.aspx?cp-documentid=3958944 |title=Lodha group set to erect world's tallest residential tower – 1 – 2010: Money & Budget Special on MSN India |publisher=MSN |access-date=16 July 2010 |archive-url=https://web.archive.org/web/20100612203047/http://news.in.msn.com/moneyspecial/realestate/article.aspx?cp-documentid=3958944 |archive-date=12 June 2010 |url-status=dead }}{{cite news|url=http://economictimes.indiatimes.com/markets/real-estate/news-/Lodha-to-gift-Mumbai-worlds-tallest-homes/articleshow/6009699.cms |title=Lodha to gift Mumbai world's tallest homes-News -Real Estate-Markets-The Economic Times |newspaper=The Economic Times |date=4 June 2010 |access-date=16 July 2010|last1=Ghosh |first1=Sugata |last2=Datta |first2=Kausik }} In June 2010, The Economic Times reported that the Lodha Group had secured over {{INRConvert|10|b}} from Singapore funds GIC and Temasek, and a property fund of mortgage giant HDFC, and intended to develop property on the Shrinivas Mill site. In 2010, the developer announced the construction of the World One tower at the site of the defunct mill. The Lodha Group would also construct the World View tower and the World Crest tower, on the same site, as part of the project. World One initially faced opposition from the Directorate General of Civil Aviation (DGCA) over security concerns related to the height of the building.{{cite web|title=Lodha Sells Rs 500 Crore Worth Flats in 9 Days at Mumbai High Rise – NDTV|url=http://profit.ndtv.com/news/property/article-lodha-sells-rs-500-crore-worth-flats-in-9-days-at-mumbai-high-rise-710986|website=profit.ndtv.com|access-date=27 April 2016}} World One was built at an estimated cost of over US$321 million. The interior of the tower was designed by Giorgio Armani, and includes a swimming pool, gym and health club, cricket pitches and a pavilion. The 117-storey tower would have contained 290 apartments, some overlooking the Arabian Sea.

The contract to construct World One was awarded to a joint venture of the UAE-based Arabian Construction Company and Simplex Infrastructure.{{cite web|last1=Dey|first1=Paromita|title=World's tallest residential tower gathers pace {{!}} ConstructionWeekOnline.com|url=http://www.constructionweekonline.com/article-34175-worlds-tallest-residential-tower-gathers-pace/|website=www.constructionweekonline.com|access-date=27 April 2016}} Construction on World One began in 2011.{{cite web|url=http://skyscrapercenter.com/building/world-one/9337|title=World One – The Skyscraper Center|website=skyscrapercenter.com|access-date=1 November 2018}} By December 2014, about 75% of civil construction on the project had been completed. By June 2015, 70% of the tower was complete, with 83 floors having been built.{{cite web|title=World's tallest residential tower is 70% complete|url=http://www.designmena.com/thoughts/worlds-tallest-residential-tower-is-70-complete|website=Design Middle East|access-date=27 April 2016}}

Apartments at World One start at {{INRConvert|150|m}} for a three-bedroom unit.{{cite web|last1=Bundhun|first1=Rebecca|title=Supertall Buildings Lure Mumbai's Elite|url=https://www.nytimes.com/2016/03/04/realestate/supertall-buildings-lure-mumbais-elite.html|website=The New York Times| access-date=27 April 2016|date=3 March 2016}} The Lodha Group opened bookings for apartments at World One{{cite web|title=Lodha Group's World One|url=http://property.sulekha.com/lodha-world-one-in-worli-mumbai}} on 29 November 2011. When the first round of bookings closed on 14 December 2014, Lodha had received {{INRConvert|5|b}} worth of bookings, at an approximate rate of over {{INRConvert|70|k}}–{{INRConvert|80|k}} per sq ft. The tower is composed of 3 and 4 BHK{{efn | name = BHK | In real estate, BHK refers to the number of "bedroom, hall, and kitchen" (s) in a housing unit. 1 BHK means that the unit has 1 bedroom, 1 hall, 1 kitchen, while 2 BHK means that it has 2 bedrooms, 1 hall, and 1 kitchen.{{cite journal | title = Engineering Economics - Real Estate Asset Valuations – Study Of Econometrics - Cost (To) The Capacity Method (C2c) | first1 = M. | last1 = Ulaganathan | first2 = S. N. | last2 = Sugumar | journal = Educational Administration: Theory and Practice | volume = 30 | number = 4 | pages = 9741-9749 | date = April 25, 2024 | access-date = April 1, 2025 | url = https://kuey.net/index.php/kuey/article/download/5217/3618/10924 | format = PDF | doi = 10.53555/kuey.v30i4.5217 | eissn = 2148-2403 }} This term is commonly used in India.{{cite web | title = An Essential Guide To BHK- Full Form, Meaning, Importance and Factors | publisher = Lodha Group | date = December 1, 2023 | access-date = April 1, 2025 | url = https://www.lodhagroup.com/blogs/homebuyers-handbook/bhk-full-form-meaning-importance }} }} apartments. Lodha began offering apartments at World One for sale in London in February 2015. The company hired London estate agent, Wetherell Estates, to market and sell homes in the tower. Lodha particularly hoped to target high net worth Indians living in Mayfair, London.{{cite web|title=The world's tallest tower block goes on sale|url=https://www.telegraph.co.uk/finance/property/international/11414098/The-worlds-tallest-tower-block-goes-on-sale.html|website=The Daily Telegraph|access-date=27 April 2016}}

HDFC Property Fund invested {{INR}}500 crore to acquire a 10% stake in Lodha World Towers project in 2010. The firm exited the project in October 2016, earning a return of triple their investment.{{cite web|title=HDFC PE fund exits Lodha's World Tower project for Rs 1,500 crore|url=http://www.financialexpress.com/industry/hdfc-pe-fund-exits-lodhas-world-tower-project-for-rs-1500-crore/430986/|website=The Financial Express|access-date=11 February 2017|date=26 October 2016}}{{cite web|last1=Menon|first1=Bindu|title=HDFC Property Fund sells Lodha World Towers project stake for Rs 1,500 cr|url=http://www.thehindubusinessline.com/news/real-estate/hdfc-property-fund-sells-lodha-world-towers-project-stake-for-rs-1500-cr/article9271142.ece|website=Business Line|access-date=11 February 2017|language=en|date=26 October 2016}} In September 2016, Piramal Fund Management Pvt. Ltd invested {{INR}}2,320 crore in Lodha World Towers project.{{cite web|last1=Nandy|first1=Madhurima|title=Piramal Fund to invest Rs2,320 crore in Lodha's World Towers Mumbai|url=http://www.livemint.com/Companies/glkTuiieBCJMktArNabt8N/Piramal-Fund-to-invest-Rs2320-crore-in-Lodhas-World-Tower.html|website=Mint|access-date=11 February 2017|date=2 September 2016}}

The developer failed to obtain approval from Airports Authority of India for {{convert|501.33|m|ft|0|abbr=on}} height in 2010 and {{convert|442|m|ft|0|abbr=on}} height in 2015, so as of 2018 World One still has approval for {{convert|285.06|m|ft|0|abbr=on}} height only (approximately 76 floors).{{Cite news|url=https://www.dnaindia.com/business/report-dna-money-exclusive-lodha-world-one-buyers-move-rera-over-tallest-claim-2662522|title=DNA MONEY EXCLUSIVE: Lodha 'World One' buyers move RERA over tallest claim|last=RAI|first=Dipu|date=13 September 2018|work=dna|access-date=29 November 2018|language=en-US}} The project was redesigned for that height.

There are two other towers under this project:

• World View: a 73 floor skyscraper with a height of {{convert|277.6|m|ft|0|abbr=on}}. Construction of the tower began in 2015, and was completed in 2020.{{CTBUH Skyscraper Center|id=16252| title=World View| access-date=3 June 2021}} As of 2024, the tower is the 5th tallest building in India.
• World Crest: a 57 floor skyscraper with a height of {{convert|222.5|m|ft|0|abbr=on}}. Construction of the tower began in 2011, and was completed in 2017.{{CTBUH|id=14473| title=World Crest| access-date=23 August 2018}}

==Gallery==

File:Lodha world tower 2.0.jpg|Lodha World Towers

File:Lodha world towers.jpg|Lodha World Towers

File:Lodha World Towers.jpg|Lodha World Towers at night

File:World One & World Crest.png|World One and World Crest

File:Lodha World One Tower.png|World One

File:Lodha world view.png|World View

File:Lodha World Crest.png|World Crest

File:World one and world Crest at night.jpg|World One and World Crest at dusk

File:WORLD TOWERS.jpg| World One, World View and World Crest

• List of tallest buildings in India
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• List of buildings with 100 floors or more

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• {{Official website}}
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Category:Residential skyscrapers in Mumbai

Category:Buildings and structures completed in 2019

Category:Residential buildings completed in 2019

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