Surat Diamond hub to start operations by November this year

Hailed as the world’s largest office building on a single basement, Surat Diamond Bourse (SDB) will be inaugurated by Prime Minister Narendra Modi in November this year.

With construction works of its nine towers completed, landscaping and beautification work at SDB site near Khajod village has been initiated, said Vallabh Lakhani, chairman of the SDB.

The SDB project is a part of the 2,000-acre Surat Diamond Research and Mercantile City (DREAM City), being developed on the lines of the Gujarat International Finance Tec-City (GIFT City). It is being developed on 100-acres of land, nearly 10 km from downtown Surat.

With the emergence of SDB, the diamond industry is targeting to bring in an annual turnover of over Rs 2.5 lakh crore (more than $ 27 billion) once it would become fully operational, claimed Lakhani.

“Pentagon, the USA’s Headquarters of the Department of Defense in Virginia, is at present considered as the world’s largest office building with a constructed area of nearly 65 lakh sq ft. The SDB will have an area of 66 lakh sq ft once fully developed. Constructed area of China’s biggest building CMG Head Center is around 41 lakh sq ft,” said a senior official associated with the SDB project from the beginning.

India’s second diamond trade hub after Bharat Diamond Bourse in Mumbai, the SDB is expected to generate direct employment for 1.50 lakh people and 67000 other professionals, he said adding that buyers and sellers from nearly 175 countries will trade at SDB in coming days.

An iconic diamond shaped entrance gate of SDB’s campus is also under construction. Apart from commercial and residential spaces, SDB will also have a huge jewelry mall, luxury hotels, Golf Course, Club House, health club, restaurants as well as conference & banquet halls. Nearly all 4200 offices have been fully sold and furniture works at these offices have been initiated. SDB will house more than 4200 diamond merchants in a total of nine 16-storey buildings connected with each other. Offices at SDB are designed in 300 sq ft, 500 sq ft, 1000 sq ft and 1500 sq ft spaces.

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