Proposed 500-m tower in Wadala, on the lines of Petronas Towers in KL, falls under flying zone, where buildings can't be more than 50 m; CM to ask for special permission.
Proposed 500-m tower in Wadala, on the lines of Petronas Towers in KL, falls under flying zone, where buildings can't be more than 50 m; CM to ask for special permission.
It will be India's tallest building and will have everything from shopping malls and entertainment zones to commercial offices.
Built at a cost of Rs 2,500 crore, the 500-m-tall Iconic Tower Project proposed by the MMRDA and the state government in Wadala is set to match the majesty of the Petronas Twin Towers (88 storeys in each tower) in Malaysia and the Taipei 101 (101 storeys) in Taiwan.
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There's just one hurdle. The area comes in the aircraft-flying zone and the MMRDA and the state government will need special permission from the civil aviation ministry to raise the permissible height of the iconic structure to 500 metres.
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The MMRDA and the state government are willing to flout the existing rules and make an exception only for this structure, which will be more than 100 storeys tall.
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CM's request
According to sources, Chief Minister Ashok Chavan will personally request Civil Aviation Minister Praful Patel to grant special permission for the structure.
Ratnakar Gaikwad, MMRDA commissioner, confirmed the news and said, "We will approach the civil aviation minister to examine the proposal."
A senior MMRDA official said, "We are asking for special permission from the civil aviation ministry to raise the maximum height at Wadala to 500 metres.
The liberty to raise the height to such an extent won't be applicable to other buildings in the area. This will allow us to achieve our plans of constructing the proposed Iconic Tower."
The MMRDA has also proposed extending the limit on the height of other buildings in Wadala and the Bandra Kurla Complex to 100 metres (approximately 44 storeys).
At present, the height of skyscrapers in these areas varies between 65 and 70 m (approximately 22 storeys) at BKC and 48 to 54 m (about 30 storeys) at Wadala.
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Both these areas come under the roving zone for airplanes that have to maintain a minimum height of 2,000 feet from ground level.
Possible developers
Bidders like Tata Realty Infrastructure Limited, Reliance Infrastructure, Akruti City Limited, IL&FS Transportation Networks, Indiabulls, Top Value Deal Developers, Shapoorji Pallonji & Co and Pratibha Industries will have a meeting today to discuss issues like land clearances and expected financial requirement for the 100-storey tower.
The MMRDA will chose a developer among these on July 2 who will then put forward their technical and feasible report on this structure.
World's tallest building
Burj Dubai - 818 metres (120 storeys, to be completed by the end of the year)
Mumbai's tallest building
(Under construction) Palais Royale, Worli - 320 metres u00a0(70 storeys)
World-class structure
This Rs 2,500-crore Iconic Tower project has been proposed on an area of 14 hectares. The structure will include restaurants, shopping malls, shops and commercial offices.
The top 30 floors are likely to be earmarked for international corporate offices, entertainment zones and high-end hotels along with their service apartments.
The tower will offer 6 lakh square feet of built-up area with eco-friendly systems, which include energy conservation, re-cycling ofu00a0 water and re-cycling of heat generated by the u00a0air-conditioners.
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