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Bombay Dyeing has build up 8 Lakhs Sq.ft of property in its excess land in Mumbai

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As per the sources available to www.propertykhazana.com, India’s textile chief Bombay Dyeing has build up 8 Lakhs Sq.ft of property in its extra land which is in Mumbai. Company has built a multi-storey building for commercial and for housing utilize. Chairman of Bombay Dyeing Nusli Wadia said to investors that “We are going to start the construction of a multi-storey building in two months and the whole venture will be sold out in the next 2 years.”
Available sources with www.propertykhazana.com reveal that, that it is not so easy to fix the price for the forthcoming venture and company might receive a few thousand of crores. Bombay Dyeing started selling its Coil Mills venture in 2006 in Dadar at a preliminary rate of Rs. 10,200 Sq.ft and later it was whizzed to Rs. 25,000 per Sq.ft in January 2008. The company has also redeveloped its Coil Mills property in Chennai Mumbai into housing ventures. Works at Dadar and Worli are also in construction with its two commercial and IT/ITES buildings which was anticipated to be ready by 2009-10, but company under went a whipping of Rs. 48 Crores in the quarter end of June 2008 and it took a strike in the 2nd quarter. Wadia also said that “Company anticipated more whipping due to the production of polyester steady fiber which was commenced in October 2008 and even in the 2nd quarter it was the same and the company saw the hopeful results in the 3rd quarter.”
Source: NIMMA BENGALURU

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