Bombay Realty plans mega luxury project

Wadia Group’s Bombay Realty is preparing for a comeback in real estate, as it aims to monetize its land parcels in Mumbai and exploit the momentum in the residential sector, a top company official said.

- Madhurima Nandy

Over the past few months, the company has put together a fresh team, and recently appointed a new chief executive to head the real estate business.

The developer is planning to first launch a premium residential project named Three ICC at the Island City Center (ICC), a gated community, in central Mumbai's Dadar locality this year.

The project, which will have around 500 units across three wings, will be developed over 4.5 acres, of the overall 17-acre land parcel. The first wing will have large residences, with private sundecks, with a price tag of ₹15-30 crore.

The project follows One ICC and Two ICC, two residential towers at Island City Center, that have been already been delivered.