India's "World One" - World's Tallest Residential Tower Apartments on Sale in UK

[Chanakya's_Chant]

Mumbai World One Tower flats go on sale in London – for a price
117-storey skyscraper’s apartments, starting at £1.4m, targeted at wealthy Indians who spend part of year living in Mayfair​

World One Tower in Mumbai does not just have a swimming pool, gym and health club, but also cricket pitches and a pavilion. Photograph: Wetherell​

The interiors are designed by Giorgio Armani. As well as the swimming pool, gym and health club that come as standard with most luxury apartment blocks, it also boasts cricket pitches and a pavilion.

When it is completed in 2016, World One Tower will loom 117 storeys over the city of Mumbai in India, making it the world’s tallest residential skyscraper.

Now flats in the building have gone on sale in London, as the developer targets those in the UK who can afford the sky-high prices.

The tower interiors are designed by Giorgio Armani.Photograph: Wetherell​

Three-bedroom flats in World One Tower start at £1.4m – the equivalent of a one-bedroom apartment in some parts of Mayfair.

The top-end estate agent Wetherell, which is marketing the apartments to millionaires in London, said more than 3,000 wealthy Indian families now spend part of their year living in Mayfair.

Apartments start at £1.4m.Photograph: Wetherell​

Peter Wetherell, chief executive of Wetherell said it was not unusual for overseas developers to market properties in the UK.

“UK developers taking London residential property to sell overseas in the far east is very well known. What is often much less talked about is overseas developers launching residential projects in London in order to tap into London’s highly international high net-worth community,” he said.

“The last global recession bit in deeply and largely put a deep slowdown on this type of marketing. However, since the London economy has recovered, developers are now starting to launch overseas projects in the capital in order to tap into the wealthy expatriate and other international people who are based in London either part or full time.”

The tower will be 117 storeys high.​

The 442-metre high tower has been built by developer Lodha at a cost of more than £205m and will have more than 300 luxury apartments, some overlooking the Arabian Sea.

Each apartment is promised a “generously sized reception room, kitchen/breakfast room, luxurious bedroom suites and beautifully appointed bathrooms” and will have access to a leisure complex located in two vast podiums at the base of the tower.

The same developer is working with Donald Trump to create another luxury development in the same district.

The buildings stand in stark contrast to the slums lived in by many of the city’s residents, in a country where the average per capita income is just £3,480.

Source:- Mumbai World One Tower flats go on sale in London – for a price | Money | The Guardian

 

[Chanakya's_Chant]

 

[Ryuzaki]

why is it being sold in the UK?

 

[Chanakya's_Chant]

why is it being sold in the UK?

World One Tower are primarily aimed at high net worth Indians who spend a few months in the year at posh second homes in London or Indian-origin millionaires based in London who often visit India.

BTW you can book one from Australia - No offence!

 

[Arya Desa]

I'm actually looking to buy property in India (although $1 million USD is way too much). Can a foreign-born NRI legally buy property in India? I am looking primarily at Delhi or other metros. Also can people tell the general price range of the metros?

Thanks

 

[Archie]

I have a 3 Bedroom apartment in one of New Delhi's better known suburbs
that thing cost me like 75000 Pounds

Now Granted the interiors were Done by Mrs Archie Rather than Armani, and the view of Yamuna is no match for Arabian sea
but still
1.4 Million GBP is too much

 

[inglorius bastard]

I'm actually looking to buy property in India (although $1 million USD is way too much). Can a foreign-born NRI legally buy property in India? I am looking primarily at Delhi or other metros. Also can people tell the general price range of the metros?

Thanks

Yes you can acquire non farm, non agricultural land if you are a PIO(basically NRI) or OIC(Overseas Indian Citizen)...the legalities and procedure of acquisation is determined by FEMA...

The regulations under Notification No. FEMA 21/2000-RB dated May 3, 2000, as amended from time to time, permit a NRI or a PIO to acquire immovable property in India, other than agricultural land or, plantation property or farm house. Further, foreign companies who have been permitted to open a Branch or Project Office in India are also allowed to acquire any immovable property in India, which is necessary for or incidental to carrying on such activity....

 

[CONNAN]

1.4 Million GBP is close to 3 million dollars yaar I can buy a villa in los vegas for that money heck my 4 bedroom 3.5 bath single family home in Detroit suburb with a pool 3 car garage coasted me 410k strictly talking in investment point of view too expensive only for super rich

 

[Arya Desa]

Yes you can acquire non farm, non agricultural land if you are a PIO(basically NRI) or OIC(Overseas Indian Citizen)...the legalities and procedure of acquisation is determined by FEMA...

The regulations under Notification No. FEMA 21/2000-RB dated May 3, 2000, as amended from time to time, permit a NRI or a PIO to acquire immovable property in India, other than agricultural land or, plantation property or farm house. Further, foreign companies who have been permitted to open a Branch or Project Office in India are also allowed to acquire any immovable property in India, which is necessary for or incidental to carrying on such activity....

Thank you.

For the second part of my question, where is the best place to get a nice house?

 

[axisofevil]

I have a 3 Bedroom apartment in one of New Delhi's better known suburbs
that thing cost me like 75000 Pounds

Now Granted the interiors were Done by Mrs Archie Rather than Armani, and the view of Yamuna is no match for Arabian sea
but still
1.4 Million GBP is too much

$75,000? That's it? Could I get contact info of te RE developers if apts are still available for that price?

Thank you.

For the second part of my question, where is the best place to get a nice house?

Hey let me know also. I want to buy in either Banglore or Mumbai or Chennai.

 

[HttpError]

1.4 Million GBP is close to 3 million dollars yaar I can buy a villa in los vegas for that money heck my 4 bedroom 3.5 bath single family home in Detroit suburb with a pool 3 car garage coasted me 410k strictly talking in investment point of view too expensive only for super rich

Now you know he is just blowing it up in the air On internet you can say anything you want

 

[MokshaVimukthi]

I have a 3 Bedroom apartment in one of New Delhi's better known suburbs
that thing cost me like 75000 Pounds

Now Granted the interiors were Done by Mrs Archie Rather than Armani, and the view of Yamuna is no match for Arabian sea
but still
1.4 Million GBP is too much

1.4 million GBP is around 13 crores. It's a standard price for a Large 3 BHK in south Mumbai.

I am not sure what the big news here is ? I have a mid size 3 BHK in Hiranandani Powai and today that costs close to 1 million $

 

[Jason bourne]

I'm actually looking to buy property in India (although $1 million USD is way too much). Can a foreign-born NRI legally buy property in India? I am looking primarily at Delhi or other metros. Also can people tell the general price range of the metros?

Thanks

Buy Modis Suit

 

[Diggy]

Thank you.

For the second part of my question, where is the best place to get a nice house?

looking for an apartment or independent house

whats your budget like

 

[Arya Desa]

looking for an apartment or independent house

whats your budget like

Independent house. Preferably around $100k USD but can go up to $300k.