Kolkata's Hidco approves visionary New Town Vertical City project

11 Jan 2024 CW Team

Hakim stated, "The Chief Minister had previously announced the establishment of a world trade centre. It is planned to be a 38-storey vertically-structured building situated on four acres of land at the central business district (CBD) area. It will encompass various trade and industrial activities, and Hidco will be responsible for its construction. The total project cost is estimated at Rs 2.19 billion, and tenders will be floated soon."

Officials noted that the initial plan was to construct a 28-storey building, but it was later revised. "The process to obtain necessary environmental and other clearances is being initiated, and green building specifications will be adhered to," mentioned an official.

According to the officials, the building is designed to allocate floors for fintech companies and start-ups, along with spaces for commercial, retail, and residential purposes on the top floors.

Based on the initial floor-wise concept plan, the lower floors will be designated for commercial and retail purposes, with one floor reserved for a food court. The subsequent floors moving upwards will be allocated for office space, catering to start-ups and fintech companies. The following floor will serve as a service floor, while the remaining floors up to the 38th floor will be designated for residential purposes. The conceptualised facilities include a clubhouse and a sky deck.

Hidco emphasises the optimal use of space by constructing high-density vertical structures in real estate development. Officials highlighted that the concept of a vertical city aims to incorporate residential, commercial, retail, fintech, and other establishments within a single building, facilitating the efficient utilisation of space.

The Housing Infrastructure Development Corporation (Hidco) approved the proposal to establish a vertical city in New Town, following the specifications of the World Trade Centre. The discussion and approval took place during the Hidco board meeting held on the same day. Firhad Hakim, the State Urban Development Minister and Hidco Chairman, mentioned that the vertical city building is planned in accordance with the World Trade Centre specifications. Hakim stated, The Chief Minister had previously announced the establishment of a world trade centre. It is planned to be a 38-storey vertically-structured building situated on four acres of land at the central business district (CBD) area. It will encompass various trade and industrial activities, and Hidco will be responsible for its construction. The total project cost is estimated at Rs 2.19 billion, and tenders will be floated soon. Officials noted that the initial plan was to construct a 28-storey building, but it was later revised. The process to obtain necessary environmental and other clearances is being initiated, and green building specifications will be adhered to, mentioned an official. According to the officials, the building is designed to allocate floors for fintech companies and start-ups, along with spaces for commercial, retail, and residential purposes on the top floors. Based on the initial floor-wise concept plan, the lower floors will be designated for commercial and retail purposes, with one floor reserved for a food court. The subsequent floors moving upwards will be allocated for office space, catering to start-ups and fintech companies. The following floor will serve as a service floor, while the remaining floors up to the 38th floor will be designated for residential purposes. The conceptualised facilities include a clubhouse and a sky deck. Hidco emphasises the optimal use of space by constructing high-density vertical structures in real estate development. Officials highlighted that the concept of a vertical city aims to incorporate residential, commercial, retail, fintech, and other establishments within a single building, facilitating the efficient utilisation of space.

Infrastructure Transport

17 Sep 2025

Titagarh Rail Systems Launches Third Diving Support Craft for Indian Navy

Titagarh Rail Systems (TRSL) marked another milestone in its shipbuilding journey with the launch of the third indigenously built Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a series of five DSCs being constructed by TRSL under the Ministry of Defence’s Make in India initiative.The launch ceremony was graced by Kangana Berry, wife of Vice Admiral Suraj Berry, AVSM, NM, VSM, Commander-in-Chief, who performed the traditional naming and launch. The vessel was side-launched into the Hooghly River at 16:10 hrs.Diving Support Crafts are catamaran-type vessels designed wit..

Infrastructure Transport

17 Sep 2025

Concord Control Systems Secures First Kavach 4.0 Order via Progota India

Concord Control Systems (CNCRD), a leading manufacturer of embedded electronic systems and critical electronic solutions, has secured its first order for Kavach 4.0 through associate company Progota India. Valued at Rs 190.45 million, the order represents the start of large-scale implementation opportunities for advanced railway safety systems in India.With this milestone, Concord will become one of the few railway companies to have a fully developed Kavach system approved for supply to Indian Railways. The next-generation Kavach has successfully advanced through the stringent approval journey..

Infrastructure Urban

17 Sep 2025

Awfis Delivers 67,000 sq ft Innovation Hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the country’s first publicly listed workspace solutions platform, has added eBay to its growing list of prestigious global capability centre (GCC) clients. Awfis has designed, built, and will manage a ~67,000 sq ft innovation hub for eBay at Embassy Tech Village, Bengaluru, supporting the e-commerce leader’s AI-first commerce strategy.The new centre will function as a strategic hub, advancing artificial intelligence, engineering, product development, and applied research, while further strengthening eBay’s growth in..