A new ultra-luxury residential development has been introduced in Mumbai’s Dadar, marking a significant addition to the city’s premium housing segment. The project, named THREE ICC, is part of the larger Island City Center township and is estimated to generate revenues of around Rs 6,500 crore.
The development features a range of high-end residences, including 3, 4, 4.5, and 5-bedroom deck apartments. Unit sizes start from approximately 1,283 sq ft and extend beyond 2,994 sq ft. Pricing for these homes begins at Rs 5.75 crore, positioning the project firmly within Mumbai’s upscale residential market.
Speaking about the vision behind the development, Jehangir Wadia, vice-chairman of The Bombay Dyeing and Manufacturing Company, said, “At Bombay Realty, our 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, we had the opportunity to reimagine what luxury living could mean in the very heart of Mumbai as a complete, thoughtfully planned ecosystem where scale, openness, privacy, and wellbeing come together.”
A key highlight of the project is its focus on spacious living, both within individual residences and across shared areas. The location offers strong connectivity to major commercial and business hubs such as Lower Parel, Bandra Kurla Complex (BKC), and South Mumbai, along with access to upcoming infrastructure corridors.
Rohit Santhosh, chief executive officer, Bombay Realty, added, “Mumbai’s housing aspirations are evolving rapidly. As infrastructure reshapes the city’s movement patterns, centrally located micro-markets like Dadar are gaining renewed relevance. Today’s luxury homebuyer is looking beyond just an apartment; they are looking for scale, security, connectivity, lifestyle infrastructure, and a complete ecosystem. THREE ICC has been designed precisely around these expectations. It brings together large-format residences and the advantages of integrated development.”
The launch comes at a time when Mumbai’s housing market remains active. According to JLL Research, the city recorded sales of 14,627 units in Q1 2026, a marginal 2% decline year-on-year, while new launches rose 3% to 15,823 units.
Source: Business Standard
