Narendra Modi 'gifts' Rs 400-cr tallest building tower to Gujarat
This state-of-the-art, 28-storied structure is the first tower to be to built within the Gujarat International Finance Tec-City (GIFT) that is being planned as a global hub for financial services.
“With the GIFT project, we are setting a benchmark for the whole world about how one can deliver financial services, technological security, real time operations, multiple activities etc from a single place, at the same time,” said Modi after inaugurating the tower that has been built at a cost of Rs 400 crore.
Modi pointed out that the towers (about 110 buildings) being built in GIFT City will be a “point of reference for all future new constructions and a catalytic agent for creation of new cities within the country”.
“We have used over 2.15 lakh feet of double glazed glass as facade of the 122-metre high building. These are energy-efficient glasses as they let in 33% more natural light and cut down on the heat,” said Satya Prakash, vice-president, IL&FS Township and Assets Ltd.
GIFT Company Ltd (GIFTCL), which is in-charge of the project, is a 50:50 joint venture company between Gujarat Urban Development Company Limited and Infrastructure Leasing & Financial Services Limited (IL&FS).
A 400-nozzle machine from Europe that creates a virtual waterfall welcomes visitors at the entrance