43 floors, worth thousands of crores; meet man behind ultra-luxury tower that surpassed Mukesh Ambani, Nita Ambani's Rs 15000 crore Antilia in…; his name is…
Mukesh Ambani's Antilia, an extraordinary 27-story mansion valued at Rs 15,000 crore, is undoubtedly India's most expensive privately owned residence. Most people visiting Mumbai, certainly wish to view this structure while they are in Maharashtra, however, they forget to see the other notable buildings in the area. Next to ultra-luxurious Antilia stands another towering skyscraper called Lodha Altamount. Well, let's dive into what Lodha Altamount is and who owns it. It is located in Mumbai's affluent neighborhoods of Altamount Road, Tardeo, Gwalior Tank, and Forget Hill Road. This spectacular residential building has 43 stories and has 52 luxury apartments.
Lodha Altamount is significantly taller than Mukesh Ambani's 27-storey Antilia. As you drive past Antilia, you cannot help but notice the striking height of Lodha Altamount. Lodha Altamount is an amalgam of contributions by the Lodha Group, one of India's largest real estate firms. The Lodha Group was founded by a billionaire businessman and politician, Mangal Prabhat Lodha, in 1980 in Mumbai, which is now known as Macrotech Developers.
Lodha Altamount, a high-rise building by Lodha Group, is located near Gowalia Tank on Altamount Road in South Mumbai. Lodha Altamount stands about 195 meters (640 feet) tall; it has 43 floors and has around 52 luxurious residential apartments. The finished project was designed by a world-famous architect, Hadi Teherani. The entire project was completed in 2018. D. Mangal Prabhat Lodha is the property owner and the founder of Lodha Group in Mumbai in 1980. He is a billionaire businessman and politician.
Hailing from Rajasthan, Mangal Prabhat Lodha, began building homes for the middle-class people of Mumbai. Eventually, he transitioned into luxury projects like Trump Tower in Mumbai. His net worth is estimated to be $12 billion according to Forbes. This tower ranks as the 68th-tallest building in India.
This extraordinary building boasts an exceptional glass exterior and ultra-modern design. Offers access to a wealth of first-class amenities including a gym, spa, swimming pool, movie lounge, and a boardroom. In 2015, a 10,000 sq. ft. apartment in this building was sold for Rs 16 crore.
Lodha Altamount is also truly luxurious with ultra-luxury amenities and elite and high-net-worth residents as well. On Altamount, one can find celebrity and famous names like Mukesh Ambani, Kumar Mangalam Birla, Radhakishan Damani, and N. Chandrasekaran, who own properties on this road and its surrounding areas. Approximately Rs 56,454 to Rs 1,95,503 per sq. ft. is the cost of a property on Altamount Road, some of the most expensive in the country.
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