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 Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Infrastructure Energy

26 Aug 2025

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Infrastructure Energy

26 Aug 2025

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..