The world's tallest 135-storey building may soon come up in Noida satellite township on the outskirts of Delhi if all goes according to plan.

The skyscraper, to be built as part of the ambitious Noida City Centre in Uttar Pradesh, will be higher than the 508 metre-high Taipei 101 in the Taiwanese capital, currently the tallest building in the world.

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The design concept for the building, presented by Mumbai-based architect Hafeez Contractor, has been accepted by the Noida Authority, its chairman and chief executive officer Deo Dutt Sharma said on Tuesday.

"The proposal is still at a very preliminary stage and aspects like the cost and related activities have also to be worked out," he said.

The authority has set up a six-member committee to study the viability of the project and also visit Kuala Lumpur where the world's second tallest building, Petronas Twin Towers, is located, Noida Authority officials said.

The proposal would then be forwarded to the Uttar Pradesh state government for approval, they said.

Hafeez Contractor has proposed a number of other architectural marvels for the City Centre bordering Delhi, including buildings that resemble the Himalayas.