The Mumbai Metropolitan Region Development Authority has invited prequalification for constructing what it claims will be the tallest building in India—a 101-floor structure at Wadala.
The 1,725-ft structure will vie with Taipei 101 in Taiwan, also 1,725-ft tall and now the tallest building in the world. On completion, the Mumbai project will be the world's third tallest building after Burj Dubai (over 2,000 ft) and Freedom Tower in New York (1,776 ft), both under construction. The world's tallest building prior to Taipei 101 was Malaysia’s Petronas Towers at 1,483 ft.
"The structure we plan to build at Wadala will be bigger than Taipei 101 as it will have more height. While the cost of construction will be Rs 3,600 crore, that of developing infrastructure in and around the building will cost Rs 500 crore," R. Ramana, Additional Chief - Transport & Communication Division, MMRDA, told Projectmonitor. It will require no state funding and will be built on a design-build-own-operate-transfer basis under PPP mode.
The building will stand 1,725 ft (526m) tall on a 15-lakh sqft plot and is estimated to cost Rs 4,100 crore. With an FSI of 4, the project will have a built-up area of around 60 lakh sqft. It will come up alongside the proposed interstate bus terminal at Wadala, an MMRDA project. The concession period for the private contracting firm will be a maximum of 35 years.
"Considering the growing demand for premium built-up space in Mumbai, the Maharashtra government is keen to develop an iconic building that will acquire the status of being among the 10 tallest buildings in the world," MMRDA said in its global invitation for prequalification.
The Maharashtra government is keen to rope in a global consultancy firm to attract domestic and multinational companies to lease space in the building. The project, expected to fetch the government an annual lease rent of Rs 1,800 crore, will have five floors for parking and 16 for other essential services. The remaining 80 floors will house offices and other commercial, recreational, academic and entertainment facilities.
Source : ProjectsToday
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