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Thursday, July 25, 2024

Approval Granted for Construction of Rs. 700 Crore ‘Twisted’ Tower in GIFT City

The green light has been given for the construction of GIFT City’s inaugural ‘twisted’ building, estimated to cost 700 crore rupees. Ahmedabad’s Shivalik Developers are the masterminds behind this 32-story structure, aptly named “Curv.”

Positioned within the Domestic Tariff Area (DTA), the tower will span approximately one million square feet of commercial space, featuring ground-level retail and 32 upper floors dedicated to office spaces.

Taral Shah, Managing Director of Shivalik Developers, shared, “The plan has received approval from GIFT City, and we obtained RERA approval just two days ago. Construction is scheduled to commence within the next two months. This represents our initial commercial project in GIFT City, and the total project cost is expected to be around 700 crore rupees. Office spaces will be available for 7,000 rupees per square foot.”

INI Design Studio is the architectural firm responsible for the building’s unique design. Their portfolio includes projects such as the Gateway Towers in Dubai, the ongoing World Trade Centre project at GIFT City, the Surat Diamond Bourse, and the restoration of ghats along the Ganga River in Varanasi, among others.

The building’s distinctive twisted shape arises from a twist in the columns on each floor. Furthermore, there is a 300-foot atrium, a vast open space at the center of the building, allowing occupants on all floors to have views of the ground level from their respective corridors. The building is designed to be environmentally friendly and will feature approximately nine high-speed elevators, according to Shah.

This project’s location is approximately 200 meters from the under-construction Metro Railway station within GIFT City. The developer has already launched a residential project in GIFT City, with 90 percent of the available space already sold.

GIFT City currently boasts 16 existing buildings, including high-rises, and an additional 27 buildings, totaling 9-10 million square feet, are presently under construction.

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