Mukesh Ambani and Nita Ambani's Rs 150000000000 ultra-luxurious Antilia is no longer tallest skyscraper in Mumbai, the title goes to...., owner is...
Mukesh Ambani's Rs 15000 crore Antilia, which did hold the title of being one of the world's most iconic skyscrapers, is no longer the tallest to grace South Mumbai's skyline. According to several news reports, a new tower has been built, taller than Antilia, directly across Altamount Road by the Lodha Group, and it now stands face-to-face with Antilia.
Mukesh Ambani and Nita Ambani's ultra luxurious mansion Antilia is no longer the tallest skyscraper in Mumbai!
Lodha Altamount is an ultra-premium, postmodern luxury tower noted for its stunning architecture, contemporary approach, and super-luxury location. This new design, which sits directly across the road from Antilia, continues the legacy of arguably the most exclusive area of Mumbai. Who owns this Ultra-luxurious Mumbai skyscraper, which is taller than Rs 15000 crore Antilia? The owner is…
Lodha Altamount, a gigantic tower built by Lodha Group, is located close to Gowalia Tank at Altamount Road, South Mumbai. It has a height of about 195 meters (640 feet), has 43 floors, and has about 52 residential apartments. The architectural design for the building was by the famous and well-known architect Hadi Teherani and was completed entirely in 2018. It is owned by politician and property magnate Mangal Prabhat Lodha, who founded the group in Mumbai in 1980.
43 floors, 52 residential apartments; key features of the Ultra-luxurious Mumbai skyscraper
A remarkable all-glass black exterior gives Lodha Altamount an attractive, modern, and sleek look. The intention of the designer is to create a luxury living experience. Hence, the building is supplied with a 5-star hotel-like experience, with swimming pools, gyms, spas, and high-speed elevators. The apartment has been designed to provide excellent views of the Arabian Sea and the Mumbai skyline. This tower ranks as the 68th-tallest building in India.
As per media reports, a 10,000 sq. ft. apartment in this building was sold for Rs 160 million (Rs 16 crore) in 2015. Naturally, this location results in very high prices, a typical example being a flat measuring 2,952 sq. ft. selling for Rs 38.08 crore. The tower was built on the site of Washington House, the former home of the U.S. Consul General, which measured 2,702 square meters. In 2012, Lodha Group paid Rs 341.8 crore to buy the land from the U.S. Consulate, after a bidding competition against other developers, including Mahindra Lifespaces and Tata Housing.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
11 minutes ago
- Time of India
Eternal Q1 FY26 net profit declines sharply to Rs 25 crore; revenue jumps 70% YoY
New Delhi: Eternal Ltd. , formerly Zomato , has reported a consolidated net profit of Rs 25 crore for the quarter ended June 30, 2025 (Q1 FY26), down 90% year-on-year from Rs 253 crore in the same period last year, as per its regulatory filing on Monday. However, the company's revenue from operations surged 70% YoY to Rs 7,167 crore, driven by strong growth in its food delivery and quick commerce businesses. This marks Eternal's second straight quarter in the black, with profitability maintained despite higher operating costs and continued investments in growth. Total income, including other income, stood at Rs 7,521 crore for the quarter, compared to Rs 4,442 crore in Q1FY25. Expenses rose to Rs 7,433 crore from Rs 4,203 crore a year ago.
India.com
11 minutes ago
- India.com
This FMCG stock in action today as board to meet consider fund raising via QIP
1 लाख के निवेश पर 10 लाख का फायदा Elitecon International, a smallcap stock, achieved a significant milestone on Monday, July 21, 2025, by hitting a fresh 52-week high. This remarkable feat was accomplished amidst a highly volatile stock market in the early trade. The stock opened with a gain of 5 per cent today, starting the trading session at Rs 131.25, the upper circuit of the counter. This surge in stock value is a testament to the company's resilience and potential. The market cap of the company is Rs 20.980 crore, and the scrip has been on an upward trajectory for the last 21 days, marking a rise of 165.74 per cent in the period. Technically, it trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages, indicating a strong performance. Company Plans To Raise Funds Via QIP The company has informed exchanges about its strategic move to raise capital. The board of directors is set to convene to discuss and approve the raising of capital by issuing equity shares via a Qualified Institutions Placement (QIP) valued at Rs 300 crores on Friday, July 25. This proactive step demonstrates the company's commitment to its growth and development. 'Raising of funds by issue of Equity Shares through Qualified Institutions Placement ('QIP') for an aggregate amount up to Rs.300,00,00,000/- (Rupees Three Hundred Crores) (inclusive of such premium or discount as may be fixed on such Equity Shares) subject to the receipt of approval of the Members of the Company and such other approval(s)/permission(s)/ consent(s)/ sanction(s) of any government/regulatory/ statutory authorities, as may be required,' the company said in an exchange filing. Share Price History According to BSE Analytics, Elitecon International's stock has been a standout performer, delivering a multibagger return of 1165.67 per cent so far this year. In six months, the counter has surged by 881 per cent, and in three months, it has seen a remarkable increase of 246 per cent. This detailed stock price history provides a comprehensive view of the company's stock performance, empowering the audience with valuable insights. Market Remains Volatile Meanwhile, equity benchmark indices Sensex and Nifty dropped in early trade on Monday. However, they rebounded amid buying in the blue-chip stocks ICICI Bank and HDFC Bank. The 30-share BSE Sensex declined 148.68 points to 81,609.05 in early trade despite a positive start. The 50-share NSE Nifty dropped 67.55 points to 24,900.85. Later, both the benchmark indices bounced back and were trading in the green. The BSE benchmark quoted 181.30 points higher at 81,944.67, and the Nifty traded 36.75 points up at 25,009.10.
Time of India
11 minutes ago
- Time of India
Torrent Power plans Rs 50,000 crore investment in renewable energy capacity expansion
In one of its most aggressive bets yet on clean energy, Ahmedabad-headquartered Torrent Power plans to invest nearly Rs 50,000 crore over the next three to four years, as the company races to scale up its renewable energy (RE) capacity and strengthen its power network across geographies. The homegrown power major is targeting 10 GW of renewable capacity by 2030 - a significant leap from its current 1.75 GW operational portfolio. Company officials said the Rs 50,000-crore capex war chest will be split across three key verticals: approximately Rs 20,000 crore will power the company's RE ambitions, Rs 14,000 crore will go into pumped storage hydro projects with a cumulative 3,000 MW capacity, and the remaining Rs 16,000 crore is earmarked for expanding its transmission and distribution ( T&D ) network, including tapping new privatisation opportunities. The company is not leaving its plans for a long-term horizon. In FY 2026 alone, Torrent Power has lined up a capex of around ₹5,700 crore for RE projects, officials told TOI. Solar projects will attract ₹2,500 crore, wind ₹4,500 crore, while hybrid projects,- where the company is betting big - are slated to draw ₹13,000 crore over the broader investment cycle. "In the T&D segment, Torrent plans to pump in around ₹1,300 crore to bolster its transmission network during FY26, alongside ₹2,000 to ₹ 2,500 crore earmarked for expanding and upgrading its distribution business," a company spokesperson said. Execution of key RE projects on ground is already in motion. "We expect to commission nearly 900 MW of renewable capacity in FY26 alone, including 370 MW of solar, 300 MW of wind and around 250 MW of hybrid projects," the spokesperson further added. With 3.1 GW of projects currently under construction, the company's total RE portfolio, both operational and in the pipeline, is now at nearly 4.9 GW. Torrent maintains a 70:30 debt-to-equity ratio for new projects. Its recently concluded ₹3,500-crore QIP has fortified its financial base, with its net debt to EBITDA ratio at a comfortable 1.41 as of March 2025 - among the lowest in the Indian power sector.
