Is Mallya planning an Ambani-type highrise?

Is Mallya planning an Ambani-type highrise?
Anshul Dhamija & Mini Joseph Tejaswi | TNN

Bangalore: Is Vijay Mallya doing a Mukesh Ambani in Bangalore?
The word is that the ‘King of Good Times’ is getting set to build a massive multi-storey complex for himself in Bangalore on his ancestral property on Vittal Mallya Road, adjacent to UB City. Sources say the plan is to have a designer skyscraper apartment with possibly even a helipad on the four-acre property.
Real estate sources told TOI that the UB Group chief has roped in global real estate consultancy DTZ to do the ground survey and planning.
Mallya’s plan sounds similar to what Mukesh Ambani is doing: building a $1-billion 60-storey place in Mumbai that sports a helipad, health club and six floors of car parking. Named Antilla, after a mythical island, the complex will be Ambani’s new home.
Several leading Indian developers are said to have approached Mallya to be part of his home-development plan. However, sources said Mallya is keen to hire an overseas developer. It is believed a Singaporebased developer would undertake the work.
It’s not clear what the height of the apartment would be: one source said it would be 16 floors, another said 30 and yet another put it at 37.
When TOI contacted Mallya through the UB Group’s media relations officer, the response was Mallya wasn’t planning to build a 37-storey apartment. But he didn’t deny or confirm the plans for a makeover of his ancestral home.
Real estate developers say with FSI (floor space index) going up, Mallya could go well beyond 30 floors. At present, one can get anywhere between 2.5 and 3.25 FSI on Vittal Mallya Road. In terms of value, land prices on the road range between Rs 20,000 and Rs 25,000 per sqft.
Storey so far
Makeover
Ancestral home
Model
Mukesh’s 60-storey building in Mumbai
Plan
Designer skyscraper apartment with a helipad
Number of storeys
16, 30, 37?