Bombay Dyeing & Mfg Company Limited has informed the Exchange regarding a press release dated May 01, 2026, titled "Bombay Realty Launches THREE ICC in Dadar with ₹6,500 Crore Revenue Potential, Marking a Defining Moment in South Mumbai Luxury".
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Bombay Realty, the real estate arm of the Wadia Group (parent of Bombay Dyeing), has launched THREE ICC, an ultra-luxury residential tower at Island City Center in Dadar, Mumbai. The project carries an estimated revenue potential of approximately ₹6,500 crore, making it a significant new development. Residences range from 3 to 5 bedrooms, spanning 1,283 to 2,994+ sq. ft., with prices starting from ₹5.75 crore. This is the third phase of the ICC integrated luxury development, following One ICC and Two ICC. The project is positioned as a premium address in South Mumbai's luxury residential market, targeting affluent homebuyers seeking space, privacy, and connectivity.
The launch represents a major revenue-generating opportunity for Bombay Realty that could positively impact Bombay Dyeing's financial performance. For existing shareholders, this signals strong activity in the group's real estate segment, though the actual revenue will be recognised over the project's development timeline.