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Wadias Launch New Luxe Residential Project in Mumbai
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Mumbai: The textiles-to-aviation conglomerate Wadia Group that made a foray into real estate by launching Bombay Realty recently,launched its fully integrated mixed use development project--Island City Centre--in south central Mumbai.
The project will be built over 45 acre of the group's mill land--Spring Mill--in Dadar East and will consist of luxury residences, service apartments, offices, a five-star hotel, a high street, a premium mall, and an international school, the company said in a statement.
Bombay Realty will be constructing two residential towers--One ICC and Two ICC. "The group has accomplished landmark projects across residences, offices, hospitality, retail, industrial and even townships across the country. Bombay Realty, our newest venture will consolidate the group's land bank of over 10,000 acre and develop the same in a progressive manner," Bombay Realty managing director Jeh Wadia said.
The Group has close to 700 acres of land around Mumbai, out of which 70 acres in the Island city itself, he said. "With the launch of mixed use project, we are offering a lifestyle that provides the ability to live, work, play, all at one place. This city within a city, is a gated community and promises its own private roads, an unparallelled security with a world class infrastructure," he added.
The group, through its arm Gherzi Eastern, has been associated with various real estate projects including premium residential, offices, townships, multi-star hotels. It has also undertaken retail and industrial projects.
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