Saturday, June 26, 2010
The world's tallest residential building is here! Or so billboards around the city claim. The tower is called World One, is 117 storeys high, and is owned by the Lodha Group. Look around Bombay's skyline, though, and you won't spot anything close to a 1500 foot high building. The Lodha Group's website doesn't so much as mention World One. What gives?
It seems the builder doesn't have necessary permissions to build the record breaking high rise, nor money enough to see it through. Those hoardings are meant to attract advance bookings and private equity interest to fund the project. The address of World One is said to be Upper Worli. But Upper Worli, as I recall, is the figment of the imagination of admen whose offices moved to Lower Parel a decade ago, and who claimed half-jokingly to have shifted to Upper Worli to shrug off Lower Parel's downmarket associations.
We have, then, a building that doesn't exist, in a neighbourhood that doesn't exist, funded by money that doesn't exist. If you possess a few extra crores, this phantom project might be where you want to sink them.