Mumbai : India's Hub Of Skyscrapers

India is one of the fastest growing economies in the world and has almost an unparalleled potential in the field of Real Estate. The number of billionaires in this country is increasing at a catalytic pace along with a huge increase in financial resource and investments. The city leading this economic revolution in India is none other than it’s financial capital – Mumbai.

Located on the coastline along the Arabian Sea it has a very strategic geographical location and attracts corporates across the globe. The number of skyscrapers has increased wildly in this megacity and 43 out of 45 tallest buildings in India are here ! By 2015 Mumbai will have all the 100 tallest towers in India !

Following is a list of the tallest towers of India :

This lists ranks buildings in India that stand at least 90 m (295 ft) tall, based on standard height measurement. This includes spires and architectural details but does not include antenna masts. Only completed buildings and under construction buildings that have been topped out are included.

Serial – Tower Name – Location – Height – Floors – Completion Year

1 Imperial Tower I - Mumbai - 249 metres (817 ft) – 60 floors - 2010

2 Imperial Tower II - Mumbai - 249 metres (817 ft) - 60 - 2009

3 Planet Godrej - Mumbai - 181 metres (594 ft) - 51 - 2009

4 Ashok Towers 1 - Mumbai - 193 metres (633 ft) - 49 - 2009

5 RNA Mirage - Mumbai - 180 metres (591 ft) - 40 - 2009

6 Raheja Legend - Mumbai – NA - 40 - 2009

7 Oberoi Woods Tower I - Mumbai - 170 metres (558 ft) - 40 - 2009

8 Oberoi Woods Tower II - Mumbai - 170 metres (558 ft) - 40 - 2009

9 Oberoi Woods Tower III - Mumbai - 170 metres (558 ft) - 40 - 2009

10 Raheja Atlantis - Mumbai – NA - 40 - 2009

11 MVRDC - Mumbai - 156 metres (512 ft) - 35 - 2002

12 Shreepati Arcade - Mumbai - 153 metres (502 ft) - 45 - 2002

13 Vasant Polaris - Mumbai - 151 metres (495 ft) - 34 - 2009

14 Belvedere Court - Mumbai - 149.35 m (490 ft) - 40 - 2008

15 Kalpataru Heights - Mumbai - 144 metres (472 ft) - 39 - 2008

16 Vasant Grandeur - Mumbai - 172 metres (564 ft) - 38 - 2009

17 Sheth Beaumonde Towers 1 - Mumbai – NA - 35 - 2009

18 Sheth Beaumonde Towers 2 - Mumbai – NA - 35 - 2009

19 Sheth Beaumonde Towers 3 - Mumbai – NA - 35 - 2009

20 Heritage - Mumbai – NA - 36 - 2008

21 Orbit Heights - Mumbai – NA - 40 - 2009

22 The Legend - Mumbai – NA - 40 - 2009

23 Shreepati Castle - Mumbai – NA - 43 - 2009

24 Shreepati Towers - Mumbai – NA - 40 - 2009

25 Suraj Towers - Mumbai – NA - 40 - 2008

26 Oberoi Skyheights Tower 1 - Mumbai - 150 metres (492 ft) - 37 - 2009

27 Oberoi Skyheights Tower 2 - Mumbai - 150 metres (492 ft) - 37 - 2009

28 Four Seasons Hotel Mumbai - Mumbai - 146 metres (479 ft) - 37 - 2008

29 Tahnee heights - Mumbai - 137 metres (449 ft) - 35 - 1994

30 Oberoi Springs Tower 1 - Mumbai – NA – 40 - NA

31 Oberoi Springs Tower 2 - Mumbai – NA – 40 - NA

32 Oberoi Springs Tower 3 - Mumbai – NA – 40 - NA

33 Commerz Tower - Mumbai - 133 metres (436 ft) - 32 - 2009

34 Oberoi Trident - Mumbai – NA – 35 - NA

35 ITC Grand central - Mumbai - 127 metres (417 ft) – 35 - NA

36 Dhawalgiri - Mumbai – NA – 33 - NA

37 Zahra - Mumbai – NA – 32 - NA

38 Kshitij Apartments - Mumbai – NA – 33 - NA

39 DSK Durgamata Towers - Mumbai – NA – 32 - NA

40 Verona - Mumbai - 129 metres (423 ft) – 30 - NA

41 Avalon - Mumbai - 129 metres (423 ft) – 30 - NA

42 Orchid Towers - Mumbai – NA - 32 - 2008

43 Antilia - Mumbai - 173 metres (568 ft) - 27 - 2010

44 South City Tower 1 - Kolkata – NA - 35 - 2008

45 South City Tower 2 - Kolkata – NA - 35 - 2008

46 South City Tower 3 - Kolkata – NA - 35 2008

47 South City Tower 4 - Kolkata – NA - 35 - 2008

48 Civic Centre - Delhi - 112 metres (367 ft) - 28 – 2010

Tallest Under Construction:

This lists buildings that are under construction in India and are planned to rise at least 90 m (295 ft). Buildings that are only approved or proposed are not included in this table.

Serial – Tower Name – Location – Height – Floors – Completion Year

1 India Tower - Marine Lines, Mumbai - 720 metres (2,362 ft) – 125 - NA

2 World One - Worli, Mumbai - 442 metres (1,450 ft) - 117 - 2014

3 Lokhandwala Minvera - Mahalaxmi, Mumbai - 307 metres (1,007 ft) - 82 - 2014

4 Palais Royale - Lower Parel, Mumbai - 298 metres (978 ft) - 67 - 2012

5 Orchid Heights Tower 1 - Jacob Circle, Mumbai - 300 metres (984 ft) - 80 - 2013

6 Orchid Heights Tower 2 - Jacob Circle, Mumbai - 300 metres (984 ft) - 80 - 2013

7 Indiabulls Sky Forest Tower 1 and 2 - Lower Parel, Mumbai - 80, 60 - 2012

8 Indiabulls Sky Suites - Lower Parel, Mumbai – NA -75 - 2012

9 Indiabulls Sky - Lower Parel, Mumbai – NA -60 - 2012

10 Lodha Bellissimo - Lower Parel, Mumbai - 252 metres (827 ft) - 50 - 2010

11 Orchid Crown Tower 1 - Prabhadevi, Mumbai – NA - 75 - 2011

12 Orchid Crown Tower 2 - Prabhadevi, Mumbai – NA - 75 - 2011

13 Orchid Crown Tower 3 - Prabhadevi, Mumbai – NA - 75 - 2011

14 Orbit Terraces - Lower Parel, Mumbai – NA – 61 - NA

15 Victoria - Mahalaxmi, Mumbai – NA - 55 - 2010

16 Lodha Primero - Worli, Mumbai - 210 metres (689 ft) - 52 - 2010

17 Orchid Enclave - Mumbai Central, Mumbai - 210 metres (689 ft) - 50 - 2009

18 Orchid Woods Tower A - Goregaon, Mumbai - 198 metres (650 ft) - 53 - 2010

19 Orchid Woods Tower B - Goregaon, Mumbai - 198 metres (650 ft) - 53 - 2010

20 Orchid Woods Tower C - Goregaon, Mumbai - 198 metres (650 ft) – 53 - 2010

21 Thrill Tower - Mumbai – NA - 36 - 2012
22 Acura 1 - Mumbai – NA - 34 - 2011

23 Acura 2 - Mumbai – NA - 32 - 2011

24 Triumph Tower - Mumbai – NA - 36 - 2012

25 Le Palazzo - Mumbai – NA - 46 - 2010

26 Vivarea Tower 1 - Mumbai – NA 45 - 2011

27 Vivarea Tower 2 - Mumbai – NA - 45 - 2011

28 Vivarea Tower 3 - Mumbai – NA - 45 - 2011

29 Satellite Tower - Mumbai – NA - 37 - NA
30 Rushabh - Mumbai – NA - 40 - NA

31 Orchid Turf View - Mumbai – NA - 52 - 2010

32 Shangri-La Hotel - Mumbai – NA - 45 - 2010

33 Raheja Solaris - Mumbai – NA - 40 - NA
34 Orbit Grand - Mumbai – NA - 35 - 2010

35 Jogeshwari Residential Tower - Jogeshwari, Mumbai – NA – 60 - NA

36 Spring Mills, Mill Lands - Mumbai – NA - 60 - NA

37 Sarvodaya Heights - Mumbai – NA - 52 - 2010

38 Orchid Views Tower 1 - Mumbai – NA - 47 - 2013

39 Orchid Views Tower 2 - Mumbai – NA - 47 - 2013

40 Rehab Housing Pvt Ltd Tower - Navi Mumbai – NA - 50 - NA

41 RNA Metropolis Tower 1 - Mumbai – NA - 48 - 2014

42 RNA Metropolis Tower 2 - Mumbai – NA - 48 - 2014

43 Lodha Imperia - Mumbai – NA – 45 - NA

44 Ariisto Heaven I Tower 1 - Mumbai – NA – 45 - NA

45 Ariisto Heaven I Tower 2 - Mumbai – NA – 40 - NA

46 Aquaria Grande Tower 1 - Mumbai – NA – 42 - NA

47 Aquaria Grande Tower 2 - Mumbai – NA – 42 - NA

48 Oberoi Springs Tower 1 - Mumbai – NA – 40 - NA

49 Oberoi Springs Tower 2 - Mumbai - NA – 40 - NA

50 Oberoi Springs Tower 3 - Mumbai – NA – 40 - NA

Manhattan Still Attracts Global Buyers

Manhattan Towers

Manhattan properties are still enticing foreign buyers, according to The Corcoran Group of New York City.
"We thought our foreign buyers would flee, but they haven't as yet," Pamela Liebman, president and CEO of The Corcoran Group told a Reuters Global Real Estate and Infrastructure Summit in New York.
The next four to eight weeks will reveal whether the euro zone market chaos that recently swept the single currency to a 4-year low will eat away at foreign demand for Manhattan properties, she said.

The mix of foreign buyers has already shifted over the past two years.
Italians, South Americans, Southeast Asians, Chinese and Russians are in. The Irish and Koreans are out.

Foreign buyers are looking for a safe and secure place to put their money, and they are finding that in the best-known U.S. addresses, Jay Koster, president of Americas Capital Markets for Jones Lang LaSalle, told Reuters.
The current buyers are typically wealthy and looking to buy for families for the long term rather than to flip.

Empire State Building, New York

Corcoran recently closed an $8 million condo sale in the Trump International building, with Central Park views, for a South American family, Liebman said.

What's gone, Liebman said, are brokers representing Irish, South American or Korean investors in purchases of multiple units, at times entire buildings.

Traffic at Manhattan Street

While the demand is still there, the supply isn't always sufficient.
Koster said foreigners are willing to stretch their limits for the sake of getting sought-after addressees.
U.S. mortgage rates have also fallen anew, with 30-year loans averaging near 4-3/4 percent, thanks to the euro zone turbulence. The flight to safety into U.S. Treasuries has pulled down yields used to peg home loan rates, boosting affordability here.

Winds Of Change In Syrian Capital Damascus' Trade Market

MAG 360 Global Trade Centre, Damascus

The winds of change are sweeping over Damascus... into the vibrant, ancient streets of Damascus - Dar'a International Road.

They bring with them a grand vision for doing business... one that will infuse the celebrated metropolis with unlimited possibility.

Early in the first millennium, Damascus established itself as a major trading crossroads of the world. Here, in this bustling "caravan city," the ancient trade routes branching from Arabia, Palmyra, and Petra converged with China's legendary Silk Road, bringing prosperity and renown to the city and all of Syria.

Azem Palace, Damascus

Now, the city of Damascus stands poised to reclaim its title as a global crossroads with the introduction of MAG 360 Global Trade Centre, Damascus. Rising impressively over Damascus, adjacent Dar'a International Road south of the city, MAG 360 fulfills a grand vision for doing business while infusing the historic metropolis with exciting new opportunities, innovative new ideas and unlimited possibilities.

Introducing MAG 360, a groundbreaking "business 2 business" concept, where cool, urban energy is delicately balanced by cutting edge technology.

Omayyed Mosque, Damascus

Situated on a 104,000 square meter site in a light industrial zone along Damascus - Dar'a International Road, MAG 360 stands out like an oasis in the desert, sparkling with promise and opportunities. The site's relationship to the street serves as more than an access and circulation solution; in fact, the streetscape plan is a key element of MAG 360's innovative character, separating vehicular traffic from pedestrian circulation while incorporating landscape and hardscape features expertly configured to evoke a unique sense of place.

Miami's Fontainebleau Sorrento Sells Last 25 Condos for Fire-Sale Price of $7.2 Million

Fontainebleau Sorrento, Miami Beach

Without fanfare or hype, the last 25 luxury condos at the 18-story, 311-unit, two-year-old Fontainebleau Sorrento in Miami Beach have been sold for $7.2 million or a bargain-basement price of $288,000 per unit.

The developer, Turnberry Associates of Aventura, FL, sold the property at 4391 Collins Ave. to BH III, the current owner of the 116-unit Terra Beachside at 6000 Collins Ave., also in Miami Beach. It was an all-cash deal.

When constructed in 2008, the Fontainebleau Sorrento condos were listed at $269,000 to $7.9 million per unit. The units range from 550 square feet to 1,742 square feet.

Mark Pordes of Pordes Residential Sales & Marketing in Aventura brokered the transaction.

"There was no public bidding and no negative publicity," Pordes says in a prepared statement.

"We position each transaction so that the purchased units won't compete with the ones that may still be for sale by the developer. It's complicated, but we make it work."

Pordes says the latest sale is a follow-up to a 25-unit bulk sale at the Fontainebleau Sorrento in August 2009 to a private investor group from New York for roughly $8 million or about $320,000 per condo.

"Bulk sales are working in this market because they provide developers/sellers with a quick cash solution and buyers with an excellent investment opportunity," says Pordes

"These deals will stay popular as long as lenders are in control of projects. Developers need to have certain thresholds met to conform with loan requirements and pay down their debt."

In June of this year, Pordes Residential negotiated the largest condominium bulk sale of the year in Florida -- 146 units at the 2700 North Ocean condominium towers on Singer Island in Palm Beach County for about $120 million to an investor group from New York.

That equates to another bargain-basement price of about $82,000 per unit.

"The smart thing for a developer to do now," says Pordes, "is to raise quick cash through a bulk sale to pay down or pay off debt to the lenders."

As with other deals, the Fontainebleau sale was handled quietly to protect the global reputation of the Miami Beach resort-hotel and its associated properties.
Pordes and his team took the same approach when they assembled a package sale of units for $7.5 million at Peninsula II in Aventura to a group of Argentinean investors in December 2009.

Pordes started his company after working for 10 years as vice president of Residential Sales for Turnberry Ltd., an Avenutra-based condo developer.

He oversaw Turnberry's portfolio in South Florida and the Bahamas including The Reef at Atlantis in Paradise Island, a condo-hotel, condo hotels Fontainebleau II and Fontainebleau III in Miami Beach, Turnberry Village, and Porto Vita in Aventura.

Pordes also handled international sales at Williams Island, and sales at Santa Maria on Brickell Avenue in Downtown Miami.

The firm's management team includes Michael Internoscia, vice president of sales, Michael Sadov, vice president of operations, and Mindy Pordes, director of business development.

The Temenos - A Great Architectural Beauty

The Temenos

A giant dual-ringed public art installation has been unveiled on Teesside.

The £2.7m Temenos structure has taken four months to piece together on the banks of the River Tees near Middlesbrough's Transporter Bridge.

Thousands of metres of steel wire have been woven between the two steel rings to create the 164ft (50m) high and 360ft (110m) long sculpture.

It was created by artist Anish Kapoor and structural designer Cecil Balmond.

It has taken four months to piece together Temenos.

'Truly amazing'

It is the first of five planned "Tees Valley Giants", with four other artworks planned for Stockton, Hartlepool, Darlington and Redcar.

Sean Egan, director of Tees Valley Regeneration's Middlehaven project, said: "Lifting the rings into the correct positions was a huge task in its own right.

"However, people will be able to see for the first time the truly amazing scale of the artwork."

Temenos is a Greek word meaning land cut off and assigned as a sanctuary or holy area.

Funding for the project came from regional development agency One North East, Arts Council England and the Northern Rock Foundation, among others.