Bombay Realty is the real estate arm of the Wadia Group, one of India's oldest business houses, with a portfolio that includes Bombay Dyeing, Britannia Industries, and formerly Go First. For over 287 years, the Wadia Group has prided itself on its heritage of excellence, spirit of entrepreneurship and strong values, resulting in the birth of successful ventures such as Britannia and Bombay Dyeing. Where most Mumbai developers acquire land at current market valuations, Bombay Realty's projects sit on mill land the Wadias have held for generations. At Bombay Realty, the company has a unique advantage of large, self-owned land parcels in prime locations across Mumbai, allowing it to develop projects without the cost pressures faced by developers who have to acquire land at current high valuations.
Bombay Realty's primary residential address in Mumbai is Island City Center (ICC), built on the former Spring Mill Compound on GD Ambekar Marg in Dadar East. Luxury residences with large carpet areas spread across 23.7 acres of undisputed land in Dadar, Mumbai, surrounded by approximately 7.3 acres of open green spaces. The township has been developed in phases as distinct towers rather than a single block. One ICC and Two ICC rise as 59 and 65-storey superstructures in the heart of Mumbai. In May 2026, the developer added a third phase. Bombay Realty launched THREE ICC, an ultra-luxury residential tower with a revenue potential of Rs 6,500 crore at its township, Island City Center, in Dadar. That project offers a collection of 3, 4, 4.5, and 5-bed deck residences ranging from 1,283 square feet to 2,994 square feet and above, priced from Rs 5.75 crore onwards. THREE ICC will have around 500 units across three wings, with residences priced between ₹15-30 crore.
Across the ICC towers, the design language stays consistent: large-format apartments and an extensive amenity base rather than compact luxury units. The development offers over 45 lifestyle amenities of international standards such as multi-sport courts, gym, landscaped gardens, and round-the-clock security. Residences offer spectacular views of the Arabian Sea and the Bandra-Worli Sea Link. The estate is built as a gated, self-contained precinct rather than a standalone tower. It functions as a city within a city with private roads, a gated community, unparalleled security and world-class infrastructure.
Bombay Realty's leadership has been explicit about why it is committing fresh capital to this particular micro-market rather than South Mumbai or BKC. Mumbai's ultra-luxury housing market is no longer just about sea-facing towers in South Mumbai or new-age hubs like BKC, it's quietly shifting toward central, well-connected micro-markets. CEO Rohit Santhosh has tied this directly to how the city moves. As infrastructure reshapes the city's movement patterns, centrally located micro-markets like Dadar are gaining renewed relevance, with today's luxury homebuyer looking beyond just an apartment toward scale, security, connectivity, lifestyle infrastructure, and a complete ecosystem. Vice-Chairman Jehangir Wadia has framed the project in terms of the family's longer horizon. At Bombay Realty, the legacy has never been about building for the moment; it has always been about creating addresses that carry permanence, integrity, and value across generations, with Island City Center reimagining luxury living as a complete, thoughtfully planned ecosystem.
Dadar East's relevance to a Bombay Realty buyer rests on genuine locational advantages rather than marketing claims. The locality sits at a rail interchange point that few other Mumbai addresses can match. The area has a prominent railway terminus on both the Western and Central lines of the Mumbai Suburban Railway network. Road and upcoming transit links extend that reach further. Unparalleled connectivity via the proposed MTHL sea-link to the upcoming Navi Mumbai Airport, Eastern Freeway, and Monorail is packed alongside the estate's amenities. Bombay Realty itself frames ICC's location around its reach into the city's commercial cores. The project enjoys connectivity to Lower Parel, Bandra Kurla Complex (BKC), South Mumbai, and the city's emerging infrastructure corridors.
Property values around the ICC address have moved up steadily as the locality has re-rated. The property prices in GD Ambekar Marg, Dadar increased by 35.08% over the period 2016 to 2025, with average flat rates in Dadar East, Mumbai South now standing around Rs 46,550 per sq ft. Within this micro-market, Bombay Realty's own project has led the appreciation curve. Bombay Realty Island City Center appreciated the most in Dadar East, Mumbai South with a growth rate of 4.2% in the last year, and ranks among the top premium housing societies in the locality at around ₹48,150 per sq ft. A second, independent data source confirms the same pattern. The average price for buying apartments in Dadar East is ₹47,850 per square feet, and the most appreciated project that investors can consider is Bombay Realty Island City Center at 4.0% YOY.
Bombay Realty's ambitions are not confined to Dadar East. The Group's second landmark holding sits in Worli. Wadia International Center (WIC) in Worli is a 25-acre luxury mixed-use development by Bombay Realty, featuring residences, offices, a luxury hotel, a mall, and a hospital. The Group's real estate track record in this stretch of the city is not limited to greenfield launches; it includes delivered assets already occupied by institutional tenants. In the recent past, the Wadia Group has delivered SPRINGS, a 40-storeyed luxury residential tower in Dadar East, and C2 Wadia International Center, an office building at Worli that serves as the headquarters of Axis Bank. Bombay Realty's own list of completed commercial work in Mumbai includes offices built for major institutional clients. Past corporate projects have included work for Bank of India at BKC, Dena Bank at BKC, ICICI Bank at BKC, the Mafatlal Centre, and the NSE at BKC.
Bombay Realty's current phase is being led by a leadership team drawn from established national developers. Rohit Santhosh brings over 17 years of experience across residential, commercial, industrial, and renewable projects, having held leadership roles at CapitaLand, Godrej Properties, Lodha Group, and Shapoorji Pallonji. The company has stated its intent to go beyond the two current addresses. Bombay Realty aims to unlock its existing land parcels, both in Mumbai and beyond, evaluating opportunities across residential, commercial, and mixed-use formats, and aspiring to establish a strong pan-India footprint over time. For a buyer evaluating Dadar East today, this combination of inherited land, conglomerate balance sheet, and a freshly assembled execution team is the core of the Bombay Realty proposition, distinct from developers who must factor current land costs into every unit they sell.
