Bombay Realty

Bombay Realty
Traded as Public (BSE: 500020, NSE: BOMDYEING) under Bombay Dyeing[1]
Founded 2011, Mumbai
Headquarters Mumbai, Maharashtra, India[2]
Key people
 Jeh Wadia, Managing Director
Products Residences, Offices, Hotels, Schools, Retail
Parent Wadia Group, Bombay Dyeing[3]
Website Bombay Realty Homepage

Bombay Realty is a real estate and land development company that is a division of Bombay Dyeing. The company was created to develop and manage all lands owned by the Wadia Group.[4] Bombay Realty’s primary focus is to develop the 10,000 acres owned by the Wadia Group into offices, hotels, service apartments, branded residences, hospitals, schools, and retail spaces.[5] Bombay Realty is currently working on developing the Island City Center and the Wadia International Center which are mixed use projects located on real estate in India.[6]

Notable projects

ONE ICC & TWO ICC towers at Island City Center.

Bombay Realty is developing approximately 700 acres in Mumbai. They are developing these lands into a combination of residential, commercial, hotel, and high-street retail space.[7] The two projects are known as the Island City Center and the Wadia International Center.[8]

Island City Center (ICC)

The Island City Center is a mixed use project located in Dadar and is made up of luxury residential towers, commercial towers and an entertainment/retail area.[9] It includes eight acres of botanical gardens, high rise apartments, shopping mall, and an international school.[10] In 2010, the company completed its first tower - 'Springs' of the project which is a forty floor luxury residential tower. Currently under development are two towers named ONE ICC and TWO ICC. They are over eighty two floors each.[11]

Wadia International Center (WIC)

Wadia International Center is located in Worli, India and is made up twenty-five acres of business and residential area. The first phase of this project is scheduled to be completed in 2013.[12]

In 2010, Bombay Realty completed and sold space to Axis Bank and also has its corporate offices onsite. Some of the other locations on this property include Hard Rock Cafe and Shiro Restaurant.

Wadia Group

Main article: Wadia Group

The Wadia Group is one of the oldest conglomerates of corporate India. It was founded by Sir Lovji Nusserwanjee Wadia in 1736. Lovji Wadia secured contracts with the British East India Company to build ships and docks in Bombay in 1736. This, and subsequent efforts, would result in Bombay becoming a strategic port for the British colonial undertakings in Asia. The Bombay dry-dock, the first dry-dock in Asia, was built by Lovji and his brother Sorabji in 1750.

See also

External links

References

  1. ↑ Money Control. "Bombay Dyeing and Manufacturing Company". Retrieved 25 June 2012.
  2. ↑ Stock Market News. "Britannia-Bombay Realty JV to Unlock Value from B’lore HQ". Retrieved 25 June 2012.
  3. ↑ Business Standard. "Danone To Exit Britannia". Retrieved 25 June 2012.
  4. ↑ Parsi Khabar. "Jeh Wadia: Bombay Realty Has Maintained A Straight Line In Prices". Retrieved 25 June 2012.
  5. ↑ Bombay Realty. "About Us". Retrieved 25 June 2012.
  6. ↑ CNBC (Retrieved from YouTube). "CNBC IBH – Mr. Jeh Wadia-MD, Bombay Realty". Retrieved 25 June 2012.
  7. ↑ IBM Property. "Bombay Realty aims to develop 700 acres". Retrieved 25 June 2012.
  8. ↑ The Economic Times. "Wadia Group Launches New Luxury Residential Project in Mumbai". The Times Of India. Retrieved 25 June 2012.
  9. ↑ Sky Scraper City. "Wadala Island City Center". Retrieved 25 June 2012.
  10. ↑ Property Solution (via YouTube). "Island City Center". Retrieved 26 June 2012.
  11. ↑ Properties In Mumbai. "Realty Springs Dadar East". Retrieved 26 June 2012.
  12. ↑ CNBC - Money Control. "Bombay Realty, Britannia in JV for Expansion". Retrieved 25 June 2012.