Bombay Dyeing to sell Worli Mill land to Sumitomo for Rs 50 bn
Real Estate

Bombay Dyeing to sell Worli Mill land to Sumitomo for Rs 50 bn

The city's largest land deal in terms of value might potentially unfold. Although there is no official confirmation, it is believed that the 18 acres of land from Bombay Dyeing's mill on Pandurang Budhkar Marg in Worli is anticipated to be acquired by the Japanese conglomerate Sumitomo for an approximate sum of Rs 50 billion.

Earlier in the week, a public notice was issued through the law firm Wadia Ghandy on behalf of an undisclosed client, expressing the intent to investigate the rights, title, and interests associated with Bombay Dyeing and Manufacturing Co's land, which spans over one lakh sq m in Worli.

In the sprawling Bombay Dyeing mill located in Worli, on a warm Wednesday afternoon, there were tempos lined up outside the Wadia International Centre (WIC), which serves as the headquarters of the Wadia Group. The building is currently being vacated, and the chairman's office has been relocated to the Bombay Dyeing property in Dadar-Naigaum.

Adjacent to the Wadia headquarters, the Bastian restaurant, owned by Shilpa Shetty, has also closed its doors. So, what's transpiring on this prime real estate within central Mumbai, controlled by Nusli Wadia, one of the most prominent private landowners in the city?

According to sources, the 18-acre property is purportedly being sold to the Japanese conglomerate Sumitomo, marking Mumbai's most substantial land deal in terms of value. Some years ago, Brookfield Asset Management acquired the Hiranandani Group's offices and retail space in Powai for Rs 67 billion. However, it's important to note that the Brookfield deal pertained to entire buildings, whereas the Wadia deal involves vacant land.

Also read: 
UP RERA aims to revive 10,000 stalled housing units
Boundary Holdings Executives Invest Rs 76 Crores in Delhi Land


The city's largest land deal in terms of value might potentially unfold. Although there is no official confirmation, it is believed that the 18 acres of land from Bombay Dyeing's mill on Pandurang Budhkar Marg in Worli is anticipated to be acquired by the Japanese conglomerate Sumitomo for an approximate sum of Rs 50 billion. Earlier in the week, a public notice was issued through the law firm Wadia Ghandy on behalf of an undisclosed client, expressing the intent to investigate the rights, title, and interests associated with Bombay Dyeing and Manufacturing Co's land, which spans over one lakh sq m in Worli. In the sprawling Bombay Dyeing mill located in Worli, on a warm Wednesday afternoon, there were tempos lined up outside the Wadia International Centre (WIC), which serves as the headquarters of the Wadia Group. The building is currently being vacated, and the chairman's office has been relocated to the Bombay Dyeing property in Dadar-Naigaum. Adjacent to the Wadia headquarters, the Bastian restaurant, owned by Shilpa Shetty, has also closed its doors. So, what's transpiring on this prime real estate within central Mumbai, controlled by Nusli Wadia, one of the most prominent private landowners in the city? According to sources, the 18-acre property is purportedly being sold to the Japanese conglomerate Sumitomo, marking Mumbai's most substantial land deal in terms of value. Some years ago, Brookfield Asset Management acquired the Hiranandani Group's offices and retail space in Powai for Rs 67 billion. However, it's important to note that the Brookfield deal pertained to entire buildings, whereas the Wadia deal involves vacant land. Also read:  UP RERA aims to revive 10,000 stalled housing unitsBoundary Holdings Executives Invest Rs 76 Crores in Delhi Land

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?