#Mumbai #skyscraper #india
In this short video, I'll tell the story of Mumbai's failed 126 floor skyscraper, known as the India Tower. The construction was started, but soon after, the project went bankrupt. Learn about the details of the construction, the people behind it, and the eventual failure of the tower.
India Tower (previously known as the Park Hyatt Tower; also known as the Dynamix Balwas Tower or DB Tower) is a canceled 126-story, 707.5 m (2,321 ft) megatall skyscraper that began construction in the city of Mumbai, India, in 2010. The tower was originally planned for completion in 2016, but construction work was put on hold in 2011 due to a dispute between the tower's developers and Mumbai's civic authorities
The Brihanmumbai Municipal Corporation (BMC) is responsible for managing civic infrastructure and services in Mumbai, India. In 2010, the BMC had granted permission to DB Realty to construct a 126-story skyscraper called India Tower in the city. As part of the permission, DB Realty was required to pay a premium to the BMC for additional floor space index (FSI) rights.
However, the BMC claimed that DB Realty had violated the terms of the agreement by transferring its rights to develop the FSI to a third party without the BMC's permission. As a result, the BMC demanded that DB Realty pay a premium of 200 crore rupees (approximately 27 million USD at the time) to regularize the transfer of rights.
It should be noted that the issue was subject to legal disputes and controversy. In 2017, the Bombay High Court upheld the BMC's demand for the premium, but reduced the amount to 20 crore rupees (approximately 3 million USD)
DB Realty, a real estate developer in India, transferred its Floor Space Index (FSI) rights in India Tower to the government of Maharashtra in 2010. FSI is a measure of the permissible construction on a plot of land, and India Tower was planned to be a 126-story skyscraper in Mumbai, India.
इंडिया टॉवर (पहले पार्क हयात टॉवर के रूप में जाना जाता था; जिसे डायनामिक्स बलवास टॉवर या डीबी टॉवर के रूप में भी जाना जाता है) एक रद्द की गई 126-मंजिला, 707.5 मीटर (2,321 फीट) मेगाटल गगनचुंबी इमारत है, जिसका निर्माण 2010 में भारत के मुंबई शहर में शुरू हुआ था। टावर को मूल रूप से 2016 में पूरा करने की योजना थी, लेकिन टावर के डेवलपर्स और मुंबई के नागरिक अधिकारियों के बीच विवाद के कारण 2011 में निर्माण कार्य रोक दिया गया था।
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