Saturday, June 7, 2008
Zoom developers to build 100-storey office in Kochi
India would soon have a 100-storeyed building. The New Delhi-based Zoom Developers has planned to build a 100-storey office complex in Kochi, Kerala.
At Rs 1 crore per acre, the 40-acre tract has been purchased by the Zoom Developers from the Kerala Industrial Infrastructure development (Kinfra) to build an international trade and convention centre at Kochi.
The 100-storey building developed as a part of the project will be around 1,640 ft (500 metres) in height. As per the mandate from the state government of Kerala the project should have convention halls and exhibition halls on an area of 2.5 lakh sq ft.
The mandatory requirements need to be completed by the end of this year. “The work is on full swing and we are confident of meeting the mandatory requirements by December 2008,” says Rumneek Bawa, managing director Zoom Infraestates. The total cost outlay of the project would be Rs 1,000 crore, which the company plans to fund through a mix of internal accruals and bank loans.
Zoom Developers has also roped in the Singapore-based CPG consultants for the architectural design of the project. The project will also include a five-star hotel comprising 31 floors and a total of 400 rooms. The unique 100-storey tower apart from offices would also have a shopping mall spread over six floors.
The other structures in the convention centre would include a trade centre, service apartments, restaurants, a post office, and a multilevel car parking.
The project will be completed in three phases. The first phase would involve the building of convention and exhibition halls, which will be completed by the end of this year. The second phase would involve the construction of a five-star hotel and shopping mall, while the third would involve completion of the office tower.
The development is located at a distance of 25 km from the Cochin airport and 26 km from the sea port.
Source: Financial Chronicle