Bombay Dyeing Shares Surge 18% Following Launch of Ultra-Luxury THREE ICC Project
Bombay Dyeing zooms 18% on launching ultra-luxury THREE ICC project
Business Standard
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Bombay Dyeing & Manufacturing Company saw an 18% increase in share price after announcing the launch of THREE ICC, an ultra-luxury residential tower in Dadar, Mumbai. The project, part of the Island City Center, is expected to generate approximately ₹6,500 crore in revenue and aims to redefine luxury living in the area.
- 01Bombay Dyeing shares rose by 18% following the project announcement.
- 02THREE ICC is located in Dadar, Mumbai, and focuses on luxury living.
- 03The project has an estimated revenue potential of ₹6,500 crore.
- 04THREE ICC offers spacious residences ranging from 1,283 sq. ft. to 2,994 sq. ft..
- 05The development aims to meet evolving homebuyer aspirations for space and wellness.
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Bombay Dyeing & Manufacturing Company experienced an 18% surge in its share price, reaching an intra-day high of ₹133.6 on the Bombay Stock Exchange (BSE), following the announcement of its new ultra-luxury residential project, THREE ICC, located at the Island City Center in Dadar, Mumbai. As of 12:28 PM, shares were trading at ₹130.35, still reflecting a significant increase. The project aims to redefine luxury living in the city, building on the success of previous developments, One ICC and Two ICC. With a projected revenue potential of approximately ₹6,500 crore, THREE ICC will feature a range of residences from 3 to 5 bedrooms, designed to emphasize natural light, spacious layouts, and a balance of privacy and comfort. Jehangir Wadia, vice chairman of Bombay Dyeing, highlighted the company’s commitment to creating developments that offer long-term value and a thoughtfully planned ecosystem for modern homebuyers. The location in Dadar is noted for its connectivity and cultural significance, making it an appealing choice for prospective residents.
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The launch of THREE ICC is expected to enhance the luxury housing market in Mumbai, providing high-end living options that cater to evolving buyer preferences.
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