 "Viridian RED to construct first tower of WTC at GIFT City by 2018")
Viridian RED, the real estate development arm of Viridian Group, has begun construction of its World Trade Center (WTC) tower at the Gujarat International Finance Tec-City (GIFT City).
The company looks to ready the first tower for occupants in next 24 months, said Prashant Tripathi, official spokesperson of Viridian Group.
WTC Gift City has been allocated one million square feet space at GIFT, wherein the company will invest around Rs 600 crore over the next couple of years.
Recently, as part of its construction work of the WTC tower, Viridian RED casted one of the biggest raft foundations in Gujarat International Finance Tec-City (GIFT City).
Raft foundation is a thick concrete slab reinforced with steel which covers the entire contact area of the structure like a thick floor. The raft work at the foundation site is expected to be completed in next few months.
“GIFT City which is emerging as India's global financial hub is the ideal location for WTC's entry into Gujarat. Construction work has begun at full swing on ground after getting all the required permissions and our first tower is going to be ready for occupants in next 24 months' time. For this foundation, we have erected 1,100 tons of steel and casted more than 5,000 cubic meters of concrete," said Tripathi.
GIFT, a globally benchmarked International Financial Service Centre (IFSC) developed by Government of Gujarat, will cater to India's large financial services potential by offering global firms, world-class infrastructure and facilities.
