Bombay Realty Launches THREE ICC in Dadar with ₹6,500 Crore Revenue Potential
Bombay Realty, the real estate arm of the Wadia Group, has announced the launch of THREE ICC, an ultra-luxury residential tower at Island City Center, Dadar, with an estimated revenue potential of ₹6,500 crore. The project offers 3, 4, 4.5 and 5-bed deck residences ranging from 1,283 sq. ft. to 2,994 sq. ft. and above, priced from ₹5.75 crore onwards. The development builds on the success of One ICC and Two ICC, representing a significant milestone in Mumbai's luxury residential market.
*this image is generated using AI for illustrative purposes only.
Bombay Dyeing has announced the launch of THREE ICC, an ultra-luxury residential tower at Island City Center, Dadar, through its real estate arm Bombay Realty. The project represents a significant milestone in Mumbai's luxury residential market with an estimated revenue potential of approximately ₹6,500 crore. The announcement was made through a press release issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 on 1 May 2026.
Project Overview and Market Positioning
THREE ICC builds on the success of One ICC and Two ICC, marking a new chapter in the evolution of Island City Center as one of Mumbai's most distinctive integrated residential addresses. The development has been designed for homebuyers seeking comprehensive lifestyle solutions that combine space, privacy, wellness, and connectivity in central Mumbai.
| Parameter | Details |
|---|---|
| Project Name | THREE ICC |
| Location | Island City Center, Dadar |
| Revenue Potential | ₹6,500 crore |
| Starting Price | ₹5.75 crore onwards |
| Unit Types | 3, 4, 4.5 and 5-bed residences |
| Size Range | 1,283 sq. ft. to 2,994 sq. ft. and above |
Leadership Commentary
Jehangir Wadia, Vice Chairman of Bombay Dyeing, emphasized the company's long-term vision for creating enduring urban landmarks. He highlighted that THREE ICC responds to evolving aspirations where people seek homes offering more room to live, better life balance, and deeper city connections. The project leverages Dadar's strategic location as one of Mumbai's most connected and culturally rooted areas.
Rohit Santhosh, CEO of Bombay Realty, noted the evolution in Mumbai's housing aspirations, particularly as infrastructure developments reshape the city's connectivity patterns. He emphasized that today's luxury homebuyers seek comprehensive ecosystems beyond traditional apartments, including scale, security, connectivity, and lifestyle infrastructure.
Development Features and Connectivity
The residences feature generous proportions with emphasis on natural light, ventilation, and openness. The development is surrounded by landscaped greens and open areas, creating a gated urban sanctuary while maintaining seamless connectivity to key business and lifestyle districts.
| Strategic Advantages | Details |
|---|---|
| Connectivity | Lower Parel, BKC, and South Mumbai |
| Infrastructure | Emerging infrastructure corridors |
| Amenities | Premium facilities across podiums and landscaped zones |
| Focus Areas | Wellness, recreation, sport, leisure, and community living |
About the Companies
Bombay Realty operates as the real estate division of The Bombay Dyeing and Manufacturing Company Limited and serves as the real estate arm of the Wadia Group. The company focuses on creating developments that deliver long-term value while transforming urban living experiences in Mumbai.
Island City Center at Dadar stands as the company's flagship development, representing a benchmark for modern luxury living in central Mumbai. The project offers thoughtfully designed residences within a master-planned urban ecosystem.
As part of the Wadia Group, one of India's oldest conglomerates with nearly 300 years of legacy, Bombay Realty benefits from the group's diverse portfolio including iconic brands such as Bombay Dyeing in textiles and home furnishings, and Britannia Industries in food products. The group maintains presence across real estate, FMCG, textiles, chemicals, and plantations sectors.
Source: None/Company/INE032A01023/b69b149eedaa4a2f.pdf
Historical Stock Returns for Bombay Dyeing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.22% | -2.51% | +15.37% | -32.89% | -14.86% | +68.24% |
How will the ₹6,500 crore revenue potential from THREE ICC impact Bombay Dyeing's overall financial performance and debt reduction strategy?
What are Bombay Realty's expansion plans beyond the Island City Center project, and which Mumbai locations are being targeted next?
How might the upcoming infrastructure developments in Mumbai affect the pricing and demand for luxury residential projects in Dadar?
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