mumbai marquee apartment buildings in south mumbai with views to die for of the sea the queens necklace the race course fetched its owners unheardof prices till a few years ago but not any more as new apartments which tend to block the views are depressing property values by up to 30 the art deco kamal mahal which was once the home of the ambani and godrej families on carmichael road now has the high rise imperial towers by shapoorji pallonji on its east side blocking the view residents had of the citys skyline over tardeo views from apartments at the relatively new lodha bellissimo in mahalaxmi would soon be blocked by the new 82storey minerva tower being built by lokhandwala infrastructure residents of prabhu kutir and the 40yearold crystal building on altamount road have a similar story they have lost a lovely view of marine drive an the famous queens necklace because of a project by rohan lifescapes this is what one paid for at these marquee locations the view says sanjay dutt executive managing director south asia at property advisory firm cushman wakefield with the view gone prices will be under pressure apartments on the east side of kamal mahal on carmichael road today have no takers says a property agent who has been helping a few owners find buyers rates in the building are down from rs 1 lakh per sq ft to rs 70000 per sq ft today but even at such low rates for the area its been tough finding buyers he says the 25storey usha kiran building on the same street which was one of indias first skyscrapers and has residents such as film producer pritish nandy and vijay mehta of lilavati hospital has a similar storey to tell the lodha bellissimo with three 48storey towers at mahalaxmi promised exclusive views of the race course below and the sea to its residents to the utter dismay of apartment owners which includes the likes of cricketer ravi shastri and murali kartik and actor juhi chawla the view of the race course has been blocked by 82storey towers that lokhandwala infrastructure is developing a major part of the cwing and some part of the bwing has been impacted rates are down 30 says akhil kapur owner of real estate brokerage firm aj housing rates for affected apartments here are down from rs 55000 per sq ft to rs 35000 per sq ft shivang rajan a resident of the cwing of lodha bellissimo is a disappointed man when he bought the apartment the cwing was the most soughtafter and had a higher price compared to the other two as it offered a better view of the race course and its greens then six months ago rajan and his neighbours came to know about the new building after spending more money and purchasing a cwing especially for the view its a complete disappointment to see a new construction blocking it says the rajan