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Old Posted Apr 18, 2007, 5:30 AM
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Jai Jai is offline
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Join Date: May 2004
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Corporate head honchos, industrial bigwigs race to build paradise buildings


This is a very informative article. Main points:

Reliance Tower, Altamount Rd.
• Looks like the 42 storey Ambani building u/c iat Altamount Rd is to called "Antilla Residence"
• According to this article, it's built with some Singapore-based developer. A previous news article said the building was designed by a Singapore-based architect as well.
• This article also states it will be 245m(!) in height, one of the tallest u/c buildings in Mumbai.
• Here are some images of this building, I took from the older NDTV video:

Anyone have any ideas on the Singapore developer and architect?

K Raheja's Chattan, Altamount Rd.
• Once again we read another reference to this u/c building, 'Chattan', but we still don't have any word on the project from their website or an official rendering!
• This building was posted on a property website as "Raheja One Altamount Road." Is this Chattan?:

Corporate head honchos, industrial bigwigs race to build paradise buildings
Posted online: Wednesday, April 18, 2007 at 0000 hours IST

MUMBAI, APR 17 : Developing high-end buildings for private use is fast catching up among industrialists. Reliance Industries CMD Mukesh Ambani, Videocon Industries chairman Venugopal Dhoot, JSW Steel's Sajjan Jindal, Kasliwal brothers, Nitin and Vikas of S Kumars are some among a long list of corporate honchos who are moving to their dream residences. Mukesh Ambani and his family will shift from their Sea Wind reidence in Cuffe Parade to Antilia Residence in Altamount Road by November 2008. Antilia Residence is a typical high-end building. It will have six floors of parking space, four floors of gardens, an entertainment floor, two floors of apartments for guests and has seven lifts. Construction is in full swing and is scheduled to be completed by November 2008. Mukesh Ambani has tied up with Leighton Asia, a Singapore-based developer for building Antilia Residence for a whopping Rs 400 crore.

Dhoot has already initiated work for the development of a 12-storeyed high-end residential building for private use at Mahalakshmi in North Central Mumbai. Spread over 2 lakh sq ft of space, the building will have two to three floors for parking, two residential floors, one floor each for a ballroom, an entertainment zone and a fitness centre.

According to Dhoot, “Consultants and developers from Dubai have approached us for our expertise in architecture and development. Since we own the land in Mahalaxmi, we would be investing Rs 100 to Rs 200 crore in development. Our new residential building would be based on the similar lines of Antilia Residence, a 245-metre residential building being developed by Mukesh Ambani at Altamount Road.”

Pranay Vakil, chairman, Knight Frank India, residing at Olympus, a building opposite Antilia Residence said, “The prices of the existing residential buildings is between Rs 25,000 and Rs 35,000 per sq ft. Now that Altamount Road and Carmichael Road are considered the most expensive areas in India, the new buildings will bear a price of Rs 50,000 per sq ft.” For example, K Raheja Universal’s residential project, Chattan, which is currently under construction on Altamount Road will command a similar price. Although a stretch of Carmichael Road, Peddar Road and Altamount Road house big estates belonging to the likes of Birlas, Mafatlals and Dahanukars, corporate leaders are shifting base to the sprawling Bandra Kurla Complex (BKC). Sajjan Jindal of JSW Steel proposes to investment Rs 300 crore to Rs 500 crore for the development of a high-end building at BKC.

The Kasliwal brothers have also launched an initiative to construct an apartment complex for private use at Lower Parel.

Raj Kumar, head, residential projects, TrammelCrow Megharaj, indicated that more and more corporate leaders are to join the bandwagon. According to him, the new trend is to catch on all over the country.

An observation: according to the renderings shown on NDTV of Reliance Tower/Antilla Residence, its to be approx 42 stories and 245 meters tall: a whopping ~6 meters / storey. Hence the building will look a helluva lot taller than an average 42 storey building when it is built. Seeing as the average building in India has 3.5m/floor, this 245m tall building will be the equivalent of a "normal" 70 storey building!

To put i perspective, The Imperial twin towers u/c, the tallest building in Mumbai in terms of highest number livable floors (65) is to be 252m each; the Reliance tower will be only 6m shorter!)

This increasing of storey height is seemingly a new trend in Mumabi. An example is Lodha Bellissimo. Thought 'only' 50 storeys, since the height of each storey is significantly larger than The Imperial's, the roof height (though not highest number-storey height) is taller than Imperial.

Another example is Palais Royale planned by the Vikas Kasliwal of Shree Ram Mills posted above. This 700ft/213m building, because it has a higher floor height, only boasts ~ 50 stories as well.

Can anyone find this article on Financial Expresses epaper? You can use this free login ID/pass to try. I'm having no luck. There might be a picture that shows a rendering or something...

Jai's HONOLULU, Hawai'i photothread: ...showing off the Jewel of the Pacific!

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