Tallest residential building in Mumbai may have 125 floors

Posted: 12 Feb 2010 03:39 AM

MUMBAI: In what seems like a sign of recovery in the real estate industry,
a consortium of three leading developers has proposed what may be the
city’s tallest residential building—486 metres high and having about 125 floors—
on Keshavrao Khade Marg near the Mahalaxmi Race Course.

Still at an initial stage, the project’s layout plan was submitted last
week to the state-appointed high-rise committee by Joyus Housing Ltd,
a consortium floated by three developers, Shapoorji Pallonji, Ackruti and DLF Group.

While the tower will have parking space on six floors, another five floors
are proposed to be kept vacant for a refuge area to be used during an
emergency; the remaining 114 floors will house flats and suites.

The developers have already started planning the process of shifting
around 4,000 people, many living in hutments and others in the
BMC staff quarters on part of the plot, to transit accommodation.

“As a project, we don’t intend to make it the tallest in the city.
As it is, this is at a very early stage and there are still hundreds
of clearances to be taken. It will be a lengthy procedure until a
final height limit is arrived at and it could take at least two years,’’
said Hemant Shah of Ackruti.

Officials from the high-rise committee confirmed the project as the
tallest building proposal they have received since the committee
was formed six years ago. The second tallest proposed structure
the committee is studying is Skylark Heights at Worli.

The project proposes two separate towers, commercial at a
height of 159.9 m and a residential one 375.6 m in height,
and will be roughly 74 floors over and above three floors for
the basement and another 11 for parking.

As a symbol of Mumbai’s financial might, the MMRDA
too recently announced an over-100-storey “iconic tower’’ at
Wadala. The height of the tower (526 m) is likely to make it
the tallest as and when it comes up.

MMRDA officials, however, confirmed that due to red tape,
the height is likely to be scaled down to 80 floors.

But no official proposal has been floated as yet by the agency.