WADALA | Island City Center | 79 fl x 2 + more | Site Prep

[IU]

The Island City Center project by Bombay Realty (Bombay Dyeing's real estate arm) is a mixed used project consisting of luxury residential towers, commercial towers and an entertainment/retail area.

As of October 2011, Bombay Realty has launched 2 residential towers.

ICC's Website

Old Design:









New Design:

1 ICC - 2 podiums fls + 1 ground + 77 floors






2 ICC - 4 podium fls + 1 ground + 75 floors








More towers will be launched at a later date.


The Spring Mills compound also includes a 41 storey tower called 'Springs' that was built in 2010:



SSC India thread for it--> WADALA | Springs | 41 fl | Completed


Location of Spring Mills (view on google maps):

- the towers will come up on the north and eastern halves of the 45 acre Spring Mills land




August 10 Update:

Work on Bombay Dyeing's new towers in Wadala has begun. Tidbit from BD's annual shareholders meeting:

To begin with, real estate is something that management has been talking about. Today they updated the shareholders that construction work has finally begun at the Dadar Spring Mill project. They are also going to be developing the Worli property.

and from another source:

During the year, the Company has sold space in the proposed new residential towers to be constructed at Spring Mills (now renamed Island City Centre), Dadar.

Now if Coolguyz can go down and check out the site that'll be awesome.

[Coolguyz]

@IU- The site is along the monorail route. I guess they are still doing site prep. Dont remember seeing any cranes yet

[IU]

Coolguyz, thanks for the info. If you could perhaps take a quick look at the site and snap a pic or two the next time you're down there, that'll be great

[Coolguyz]

Originally Posted by IndiansUnite

Coolguyz, thanks for the info. If you could perhaps take a quick look at the site and snap a pic or two the next time you're down there, that'll be great

This is the best i could get
[IMG]

Uploaded with ImageShack.us[/IMG]

[deekshith]

thank you CG

but nothing is going on there

[India101]

Looks like a rainforest on the left

Wonder when site prep will start.

[IU]

Thanks Coolguyz. They've already excavated the land for 2 towers. See this google earth imagery from Jan 2010:




The dot is around where Coolguyz took the pic from.

[deekshith]

thanks IU

[deekshith]

I think CG took photo from this red dot(not sure)

3 red circles are the residential and yellow rectangular is for that twin towers.

[IU]

^Yes that actually looks more likely. That little 2 storey building in the CG's picture might be the construction site office.

[Coolguyz]

IU is right as to where I took the pic from and yes those are site offices inside.There was some function inside, looked like something for prospective customers

[deekshith]

Is this the same bombay dyeing's wadala project where CG took the photos ?

I think instead of 86 floors they have wrongly typed as 26 parking floors (just my guess) in the underlined part

http://envis.maharashtra.gov.in/envi...38MoM_SEAC.pdf (page No. 10)

Project proponent: M/s The Bombay Dyeing & Mfg. Co. Ltd.

Consultant: M/s Ultra-Tech Environment Consultancy & Laboratory, Thane (W).
Name of the project and location: The project “Island City Center” at GD Ambedkar
Marg, Wadala, Mumbai – classified under 8(b) – category B(1).
Brief details of the project (as per the proposal):
Total plot area: 1,83,663 sq.m. Net plot area: 1,28,401 sq.m. Total built up area as per
FSI: 1,96,184 sq.m. Total construction area; 5,56,951 sq.m. Buildings for which EC
received: one with two wings (one S+41 floors and another with 3B+2 parking floors)
with 161 flats. Proposed expansion: Rehabilitation: 2 buildings (B+G+19 floors) with 648
flats. Sale – residential : one building (B+G+7 parking floors + club house + 82 floors)
with 305 flats; another building with three wings (B+G+9 parking floors + club house + 26
parking floors) with 435 flats. Sale – commercial – one building (G+2 floors). Green
cover area: 14,172 sq.m. No. of trees to be planted: 359. Four-wheeler parking spaces
required: 2,739; proposed: 2,800.

[India101]

26 parking floors?

Yes, that is not right. They probably did mean 82fl or possibly higher judging from the number of flats?

[deekshith]

Correct me if i am wrong

Red circle: building with three wings (B+G+9 parking floors + club house + 86)
Yellow circle: Rehabilitation 2 buildings (B+G+19 floors)
Red arrow: residential one building (B+G+7 parking floors + club house + 82 floors)
Yellow arrow: one with two wings (one S+41 floors and another with 3B+2 parking floors)

[India101]

^Cheers CG!

Originally Posted by deekshith

Correct me if i am wrong

Red circle: building with three wings (B+G+9 parking floors + club house + 86)
Yellow circle: Rehabilitation 2 buildings (B+G+19 floors)
Red arrow: residential one building (B+G+7 parking floors + club house + 82 floors)
Yellow arrow: one with two wings (one S+41 floors and another with 3B+2 parking floors)

That is not the rehab tower in the yellow circle, it looks 60 floors or above in the newer render. Not to mention it looks too fancy for a rehab building which are normally a concrete low rise painted white or beige. It could be another commercial tower judging by the glass facade.

[IU]

Bombay Realty's ad in TOI about their Island City Center project in Spring Mills, Wadala

They've launched 2 residential towers and the 2 commercial towers

[deekshith]

After a long gap bombay dyeing realty website is now working.

[Savz]

Awesome designs by Bombayrealty....If this gets really built would uplift the mumbai skyline....

[Savz]

Originally Posted by deekshith

After a long gap bombay dyeing realty website is now working.

Yep..And did you notice under "Current Projects" they have mentioned,
1. Island City Center (ICC)

&

2. Wadia International Center (WIC) coming up somewhere @ WORLI.

We need to find renders for WIC, as i suppose this to be a supertall commercial structure, well just guessin.

[Savz]

4th Oct, 2011:

The 132-year old textiles firm Bombay Dyeing is getting its biggest makeover ever. Beginning this fiscal year, over half of the company’s revenues will be generated by the real estate business, which will grow to 75% in five years.

“We will essentially become a real estate firm in the years to come,” Jeh Wadia, the managing director of the group told ETin an exclusive interview. The Wadia Group and Bombay Realty, the group’s real estate arm, have a land bank of around 10,000 acres spread across the country, including 700 acres of prime land in the city of Mumbai that were acquired at rock bottom prices, historically by group firms Bombay Burmah, Bombay Dyeing, Britannia and the current and erstwhile promoters in the 1800s and 1900s.

In what could be a windfall for the shareholders of the company, the Wadias have finally decided to get into real estate development in a big way. The real estate division of the company commenced partial property development at Spring Mills at Dadar in central Mumbai in 2005-06, but the big thrust is expected from this fiscal year. In 2010-11, only a quarter of its revenues of Rs 1,950 crore came from the sector.

“To begin with, we are launching four major mixeduse projects spread over 180 acres by the end of March. This includes projects at Dadar and Worli, spread over 70 acres in island city of Mumbai and 100 acres in mainland Mumbai,” Wadia said.

Bombay Realty will act as a developer, while the title of the land will continue to be with group companies. Subsequently, all other Wadia Group companies will develop the land along with Bombay Realty through joint development pacts. “We would be looking at this business as a corporate and not as a developer,” he said. Bombay Realty will launch Island City Centre at Dadar and Wadia International Center at Worli, which would include a five-star hotel each, apart from a mall, a high street, residential and commercial buildings. The projects will be financed through internal funding, but he declined to share details. The company is aiming to complete both the projects in the next 7-10 years.

According to analysts, these two projects have total development potential of 9-10 million sq ft. However, Wadia only discussed about total 3 million sq ft development in first phase of these projects. The Wadia Group’s legacy dates back to over 250 years with the group’s first business venture of shipbuilding. The group later also diversified into commodity trading, textiles and dyeing business and now boasts of fast expanding position in its dairy, aviation, and sports business.

Source:The Economic Times, Mumbai