The Andhra Pradesh Industrial Infrastructure Corporation has decided to build India’s tallest building in Hyderabad. The state corporation has selected a100-acre Business District in Manchirevula near Hyderabd, where the tallest building is being planned to be built.
APIIC Vice-Chairman, B PAcharya has said that the corporation has selected the area because the minimum height of a building should be 30-storeys in this area. The tallest building, that will be 100-plus storeyed building, will be actually surrounded by a series of 10-12 30-storeyed towers. The area will be developed as a compact business district such as Manhattan or Nariman point.
The offices of corporate houses, hotels, and other establishments will be there in the proposed Trade Tower. Till now, 22 international players have participated in the recently concluded bidding process for the space in the building.
We have kept very stiff pre-qualification norms and 10 were finally selected in the pre-qualification round. Ultimately two parties have responded and we are going to finalize them shortly. One firm is from Israel and one from India.
Earlier, the APIIC had thought to build 60-floor twin towers in that area. For that purpose, the teams were sent to study the Petronas Towers in Kuala Lumpur, Sears Towers in Chicago and high-rise buildings in Dubai.
Later, a single trade tower was approved on the reports made by the teams. Currently, Babu Khan Estate, the 16-storey building is the tallest commercial building in Hyderabad. The report says that the construction will be started from July this year and it will take three years to complete the project.