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Bombay Dyeing to step in realty business

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Real estate segment has become a mega crore business in recent times. With its high demand among the customers and sky touching prices makes it one of the best profitable sections in the market. According to the claimed sources of www.propertykhazan.com the textile giant Bombay dying is stepping to the realty investment in a full fledge mode. Though the company has earlier made few construction sites for their local business purpose but this time they are going big to collect at least half of their revenues from the property market as stated by the top order of the company – Jeh Wadia. He is the new man in charge in a mood of reshuffling the entire propaganda of the company from his charge date last year. He further adds about the company’s mass land across the country that was bought during 1800 and 1900 at very negligible rates. Only in Mumbai location the company owes prime land of around 700 acres. It was then acquired by the Bombay Burmah, Bombay Dyeing, Britannia and the present erstwhile promoters collectively.
The company is set to expand their realty canvas this time with many upcoming projects in the pipeline. The company is a 132 year old in the market and their conversion to the realty sector might bring excitement to their share holders as well. Their first consignment was with Spring Mills at the location of Dadar in central Mumbai during 2005- 06. Bombay Dyeing group will be focusing their skills now with coming four projects speeded over around 180 acres of land by the coming March end. It includes 70 acres in Dadar and Worli with 100 acres of land at the mainland of Mumbai. All these construction segment will be under Bombay realty which also be favored by its other arms of the main company.
Source: NIMMA BENGALURU

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