Mumbai's Shanghai dreams may not have taken off, but Gujarat may soon be getting there. The state is working on a customised financial services and business district, to be designed by a company that has built more than two-third of Shanghai’s buildings.

A team of designers from the East China Architectural Design and Research Institute (ECADI) was here last week to present concept designs of six skyscrapers — one may possibly be the tallest in India — for the planned Gujarat International Finance Tec-city (GIFT).

The project, which will be located along the eastern banks of Sabarmati on the outskirts of Gandhinagar, will have the region’s tallest highrise — over 350 metres. The signature skyscraper is likely to be called “The Diamond Tower” to mark Gujarat’s eminence as the diamond hub of the world.

The other highrises too will be based on a special theme. While promoters are tightlipped about the project details, the towers are expected to measure 200-350 metres high, and will “carry the imprint of Gujarat’s cultural heritage”.

“First, we have to sell the space,” says GIFT chairman Sudhir Mankad, amid hectic parleys that have seen memoranda of understanding for over 80 million sq ft of business space against 75 million sq ft planned for the first phase by 2010.

A joint venture between the Gujarat Urban Development Company (GUDC) and Infrastructure Leasing & Financial Services Ltd (IL&FS), GIFT is to be benchmarked as a global finance hub on the lines of London Dockyards, Lujiazui Shanghai, or Shinjuku in Tokyo.

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