Imperial twin towers, the Rs1,200 crore project, India's most expensive residential address, has been bogged down by legal issues over the dangers its construction posed to the stability of Cumballa Hill, Mumbai, on which it was being built.Eight years after construction began at the Imperial twin towers project in Mumbai, its developers have finally received the mandatory occupancy certificate to start handing over homes to buyers.
At 827tf, the Imperial is India’s highest skyscaper. It comprises two 60-storeyed towers, with 228 apartments of up to 10,000 sq. ft. overlooking the Arabian Sea and the Mahalaxmi Race Course. The apartments are priced between Rs8.5 crore and Rs90 crore.
Despite its prime location, it has been a challenging maiden project for SD Corp., a joint venture of India’s oldest construction company Shapoorji Pallonji and Co. Ltd and entrepreneur Dilip Thacker.
In future, SD Corp. will focus on residential and redevelopment projects in Mumbai, Pune and Alibaug, said a company official, who did not want to be named.
It has bought 200 acres in Hinjewadi near Pune for a township and has a huge redevelopment project in suburban Mumbai, among others.
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