Please find enclosed the press release issued by the Company
BOMDYEING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bombay Realty, the real estate arm of Wadia Group-owned 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. It offers 3, 4, 4.5, and 5-bedroom residences ranging from 1,283 to 2,994+ sq. ft., priced from ₹5.75 crore onwards. This is the third tower in the ICC integrated luxury development, following One ICC and Two ICC. The project is positioned as a generational address targeting affluent homebuyers seeking space, wellness, and connectivity in South Mumbai. Revenue recognition from such projects typically spans several years as construction progresses.
This launch is positive for shareholders as it demonstrates active pipeline expansion in the company's real estate business with substantial revenue visibility of ₹6,500 crore. However, this relates to Bombay Realty (real estate division), not the core textile operations, and actual cash flows will be realized over the project's construction and delivery timeline.