Like Xanadu, the summer capital of Kublai Khan's Mongol Empire made famous by Samuel Taylor Coleridge's eponymous poem, the studio apartment building is eyeing young and trendy Indian professionals with a happening private life as well as NRBs (Non-Resident Bengalis) who want to own a property back home.

'We are selling a concept for the first time in India. Studio apartments are not for buying yet in the country.

'We will also help rent out the apartments. So NRIs or young professionals buying these apartments can pay off their EMIs through rent,' said Jain.

'You don't have ownership studio apartments in Mumbai or Bangalore. Now Kolkata will show the way,' said Siddharth Sethia, another Siddha joint managing director.

While in cities like New York, a studio apartment is the 'L-shaped' or 'alcove', studio in which the central room branches off into a small alcove that can be used for sleeping or dining, in Singapore, the apartments are built for the senior citizen as well as young working singles.

The picture is for representational purposes only.

Photograph: StockXchange