ACC - Simplex Infra to build world’s tallest tower, World One at Mumbai
17 Jan 2011
Lodha Developers have awarded the contract for civil construction of World One, the world's tallest residential 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, estimated to be worth over Rs450 crore, is slated to be completed in 38 months.
''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,'' said Abhisheck Lodha, managing director, Lodha Group.
ACC has previously constructed some of the tallest buildings in the world, including the Princess Tower, Dubai (100 floors), Etihad Towers, Abu Dubai (74 floors) and the Pentominium, Dubai (100+ floors).
Simplex Infrastructure is among India's top three infrastructure players and has constructed 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 and had a turnover of approximately $1 billion in the last year.
The Lodha Group had 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. (See: World's tallest residential tower to come up in Mumbai)