The Lodha Group purchased the site of the defunct Shrinivas Mill in Lower Parel, Mumbai from Shrinivas Cotton in 2005. In June 2010,
The Economic Times reported that the Lodha Group had secured over from Singapore funds GIC and Temasek, and a property fund of mortgage giant HDFC, and intended to develop property on the Shrinivas Mill site. World One was built at an estimated cost of over US$321 million. The interior of the tower was designed by Giorgio Armani, and includes a swimming pool, gym and health club, cricket pitches and a pavilion. Construction on World One began in 2011. By December 2014, about 75% of civil construction on the project had been completed. Apartments at World One start at for a three-bedroom unit. The Lodha Group opened bookings for apartments at World One on 29 November 2011. When the first round of bookings closed on 14 December 2014, Lodha had received worth of bookings, at an approximate rate of over – per sq ft. The tower is composed of 3 and 4 BHK apartments. HDFC Property Fund invested 500 crore to acquire a 10% stake in Lodha World Towers project in 2010. The firm exited the project in October 2016, earning a return of triple their investment. In September 2016, Piramal Fund Management Pvt. Ltd invested 2,320 crore in Lodha World Towers project. The developer failed to obtain approval from
Airports Authority of India for height in 2010 and height in 2015, so as of 2018 World One still has approval for height only (approximately 76 floors). The project was redesigned for that height. ==World View and World Crest==