World One to be built by Middle East – Indian JV
Lodha Developers Ltd., who are developing what they claim is the world’s tallest residential building – World One, in Mumbai, have awarded the contract for civil construction of the building to a joint venture formed by Middle East based construction giant, ACC (Arabian Construction Company) and Indian Infrastructure major, Simplex Infrastructures Ltd.
The contract is estimated to be worth over Rs450 crore and is slated to be completed in a period of 38 months. Commenting on this award, Abhisheck Lodha, Managing Director, Lodha Group said, “We are extremely pleased to award the civil construction contract for the global project to the joint venture of ACC and Simplex. ACC brings unique knowledge of high rise construction and global best practices and Simplex provides significant capability and resources in the Indian context. We believe that this consortium is best suited to build independent India’s most iconic building.”
ACC has constructed some of the tallest buildings in the world, including:
• Princess Tower, Dubai (100 floors)
• Etihad Towers, Abu Dubai (74 floors)
• Pentominium, Dubai (100+ floors)
ACC has offices in 7 countries across the Middle East and its revenue was in excess of USD 1.5 billion in 2009. Simplex Infrastructure Ltd. is amongst India’s top 3 infrastructure players and has constructed some of the most prominent structures in India, including the Supreme Court building and the Howrah bridge. It is also currently constructing the first Ritz Carlton hotel in India. Its turnover was approximately of USD 1 billion in the last year.
About World One
The Lodha Group recently unveiled the World’s Tallest Residential Tower in Mumbai that will boast of over 117 stories, and will come up at Senapati Bapat Marg in Upper Worli. Designed by the world renowned Pei Cobb Free & Partners based in New York, World One will include about 300 exclusive homes, including 3 and 4 Bedroom World Residences, lavish World Villas with their own private pools and a limited number of uber-luxurious duplex World Mansions. Thanks to the unique curved form of the building, the residents will enjoy spectacular 360° views of the entire city, including the Bandra Worli Sealink, the Race Course and the Arabian Sea. The project will include a spa by the renowned Six Senses group and concierge service by Quintessentially.