[8] However, the developer failed to obtain approval from the Airports Authority of India for that height; the project was then stalled for a few years.

[13][14][15][16] In June 2010, The Economic Times reported that the Lodha Group had secured over ₹10 billion (US$120 million) from Singapore funds GIC and Temasek, and a property fund of mortgage giant HDFC, and intended to develop property on the Shrinivas Mill site.

[14] In 2010, the developer announced the construction of the World One tower at the site of the defunct mill.

[17] World One initially faced opposition from the Directorate General of Civil Aviation (DGCA) over security concerns related to the height of the building.

The interior of the tower was designed by Giorgio Armani, and includes a swimming pool, gym and health club, cricket pitches and a pavilion.

Lodha particularly hoped to target high net worth Indians living in Mayfair, London.

[23] HDFC Property Fund invested ₹500 crore to acquire a 10% stake in Lodha World Towers project in 2010.