About ninety to ninety-five persons were rescued safely.
The fire, which was earlier characterised as a 'Level-II' one, now falls in 'level-III' category.
Fire fighting operations are underway.
Six fire engines and five jumbo tankers and a hydraulics platform and ambulance are present at the spot currently.
The building is reported to be Beaumonde residential complex, where Bollywood star Deepika Padukone also owns a house.
No causalities have been reported so far. (ANI)