Krrish Square

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Krrish Square
General information
Status Under construction
Location Colombo 01, Colombo
Country Sri Lanka
Coordinates 06°56′00″N 79°50′44″E / 6.93333°N 79.84556°E / 6.93333; 79.84556Coordinates: 06°56′00″N 79°50′44″E / 6.93333°N 79.84556°E / 6.93333; 79.84556
Construction started January 2017
Cost US$ 650 million
Landlord Urban Development Authority
Height
Top floor 280 m (920 ft)
Technical details
Floor count 80, 73, 60
Design and construction
Architecture firm Atwal Associates & Design consultants Pvt. ltd
Other designers Dandi Living Limited
Edouard Francois
Wilson Associates
Website
www.krrishcolombo.com

Krrish Square is a set of three skyscrapers under construction in Colombo, Sri Lanka.[1] The 80-storey mixed-use tower, 73-storey residential tower, and the 60-storey commercial tower will be built on a 4.3-acre (17,401 m2) land,[2][3] leased from the Urban Development Authority (UDA) for a period of 99-years, at a cost of Rs.5 billion (approximately US$39.6 million, May 2013 rates). The project is owned and run by the Krrish Group, an Indian real-estate company established in 1983.[4] Official construction of the project was expected to be commenced in June 2013,[5] but was delayed until January 2017 due to payment disputes with the UDA,[1] some test piling was conducted at the project site in early 2013.[3]

According to R. P. Gupta, the CEO of Krrish Group, the commercial segment of the project is expected to attract major Fortune 500 companies who are interested in setting up offices in Colombo.[6] Several of these companies such as Samsung, Nokia, Mitsubishi, and others have expressed interest in the commercial spaces and residential apartments.[3] The Krrish Square development offices are currently located on the 35th floor of the World Trade Center's West Tower.[7]

Development[edit]

The project, currently ranked as the 10th largest of its kind in the world, current stands with a total project cost estimate of approximately US$ 650 million.[8] The Krrish Colombo project was also granted multiple tax concessions by the government, commencing with a 10-year income tax holiday and subsequently a concessionary 6% tax for the next 15 years.[8]

The project will be built over the historical Transworks House. A larger portion of the land bought for the development was previously used by the Central Bank of Sri Lanka for car parking facilities,[8] the architectural design of the project is to be carried out by Kukreja Associates, while interior design will be done by Wilson Associates of New York. Exterior landscaping will be done by Dandi Living Limited. Paris-based architect Edouard Francois will head the preservation and redevelopment of the historic Transworks House.[6]

See also[edit]

References[edit]

  1. ^ a b "All systems go for Krrish square project construction". Sunday Times. 15 January 2017. Retrieved 28 May 2017. 
  2. ^ Sirimane, Shirajiv (2 June 2017). "Krrish Square's "Transworks House" to be ready by August". Daily News. Retrieved 4 June 2017. 
  3. ^ a b c Bandula Sirimanna (3 March 2013). "Ambitious Krrish Sq project encounters difficulties". The Sunday Times. Retrieved 5 May 2013. 
  4. ^ "The Krrish Group". Retrieved 5 May 2013. 
  5. ^ Indunil Hewage (16 March 2013). "Krrish Group to start construction by June". Daily News. Retrieved 5 May 2013. 
  6. ^ a b "Ambitious $460m 4-towers Krrish Square at Fort to start selling units from today". Daily FT. 27 September 2012. Retrieved 5 May 2013. 
  7. ^ "Krrish Square: Inquiry". Retrieved 5 May 2013. 
  8. ^ a b c "Krrish Square construction to begin in June". The Daily Mirror. 14 March 2013. Retrieved 5 May 2013. 

External links[edit]