Noida: Noida, a city east of New Delhi, has selected architect Hafeez Contractor's proposal of a 710 m, 135 storey tower in its city centre. The project, if approved by all relevant agencies, has the potential to become one of the world's tallest structures.
It will be a joint partnership between Noida Development Authority and another investor. It can be a foreign or an Indian real estate developer.
The project will cost around Rs 4,000 crore out of which Rs 2,500 crore will be spend on building the main tower.
Local officials said the building in Noida would be 710 metres (2,330ft) tall - 202 metres higher than Taiwan's Taipei 101, the current tallest building on the planet.
The skyscraper, said to have been designed to resemble the peaks of the Himalayas, is scheduled to be open for business by 2013.
It will contain a 50-floor five-star hotel, a 40-storey glass atrium and 370,000 sq metres (4m sq ft) of shopping centres.
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