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Time of India
5 days ago
- Business
- Time of India
Return of the Jeh: Bombay Dyeing's sequel is all real estate
Tired of too many ads? Remove Ads The shift itself isn't new Tired of too many ads? Remove Ads The pivot to real estate has been a slow burn Tired of too many ads? Remove Ads Jeh's second act The land advantage Why now? The competitive lens The Blueprint For more than 150 years, Bombay Dyeing stood as one of India's textile titans, a legacy name woven into the country's industrial story. That era is now in the rear-view. The company is reshaping itself entirely, casting off its textile past to go all in on real this transformation is Jehangir 'Jeh' Wadia, 52, the younger son of industrialist Nusli Wadia. After a four-year hiatus, he's back with a sharp mandate: turn Bombay Dyeing's massive land bank into a serious real estate business under the Bombay Realty brand.'I will be in a strategic role to bring a sharp, defined vision for governance, institutionalisation, and shareholder wealth creation,' Jeh Wadia said in a recent interview at Neville House , the company's Mumbai isn't a nostalgic comeback. It's a recalibration, timed just as India's real estate market is hitting historic highs. DLF and Godrej Properties are clocking record bookings. Luxury housing is booming. Bombay Dyeing doesn't want to be left different is the scale and Dyeing has long struggled to keep textiles FY25, consolidated income dipped to Rs 1,732 crore, down from Rs 1,799 crore the previous year. The majority of it — Rs 1,457 crore — came from polyester. Textiles contributed just Rs 47 estate brought in Rs 100 crore, but that was a 56% fall, coming on a high base inflated by one-off land deals worth nearly Rs 4,000 profit, as a result, crashed 83% to Rs 490 Wadias have been in the business since the early 1900s, originally building housing for Mumbai's Parsi community. But their real push into real estate came during the 2005–06 mill land boom, when they shifted from selling land to developing it trigger was Development Control Regulation 58 (DCR 58), a rule introduced in 1991 to allow the redevelopment of defunct mill land. It remained largely inactive for over a decade due to legal grey changed around 2005, when a Supreme Court ruling and updated state guidelines finally unlocked its potential, letting mill owners commercially develop part of their land while reserving portions for public housing and open set off a construction frenzy across central Mumbai's old mill districts like Lower Parel, Worli and Dyeing, with vast tracts in Worli, Dadar and Naigaon, was well-positioned. Unlike many mill owners who exited or partnered with developers, the Wadias kept set up a dedicated real estate arm in 2008, rebranded it as Bombay Realty in 2011, and launched the Island City Centre (ICC) project in Dadar East, featuring luxury towers like ONE ICC and TWO then managing director, was already steering the group toward real Wadia first became MD in 2011, stepping in after his brother Ness Wadia. Bombay Realty was launched the same year, signalling his intent early on. But progress was uneven. Much of the division's revenue came from sporadic land sales rather than integrated March 2021, Jeh stepped down as MD when his contract ended. That also marked his exit from Go First (formerly GoAir), part of a broader move to 'professionalise' the group. The pandemic, and what was reported as a move to London, also played a company operated without a managing director after that. Day-to-day operations were handled by CEO Suresh Khurana and CFO Hitesh Vora, with oversight from a board committee led by Nusli in July 2025, Jeh is back, not just at Bombay Dyeing but also in a non-executive role at Britannia. Officially, he says he doesn't need to 'wear the CEO or chairman hat.' But those close to the company suggest he's actively shaping the real estate strategy, working quietly but Dyeing's biggest asset is its land. It owns prime plots in areas like Worli and Dadar, some of the most valuable locations in Mumbai. On its website, the company says it is 'transforming and redefining the Mumbai skyline' through landmark projects like Island City Centre in Dadar and Wadia International Centre (WIC) in September 2024, the company sold a 22-acre Worli plot to Japan's Sumitomo Realty for Rs 5,200 crore, one of the biggest land deals in India's history, according to the Economic is in the ICC project alone, spread across 3.5 million sq. ft., is expected to generate Rs 15,000 crore through upscale residences, offices and Anand, CEO of Bombay Realty, told The Economic Times in 2023 that the company has multiple parcels with a combined development potential of 3.5 million sq. isn't unfamiliar sees the upcoming residential and commercial launches at ICC as a natural extension. 'The live-work ecosystem will offer clear land titles, allowing customers to live and work in the same development,' he the market is real estate sector, worth $320 billion, is projected to hit $1 trillion by 2030. It's being driven not just by housing and office demand but also by REITs, senior housing, and rental G. Patel, President of CREDAI, calls it a defining moment. 'India recently overtook Japan to become the world's fourth-largest economy. This milestone signals not just macroeconomic strength but also immense opportunities for sectors like real estate,' he told Moneycontrol on June estate contributed just 1.8–2% of India's GDP in 2012. That figure stands at 8.4% now, with expectations to cross 10% by 2030. CREDAI sees it hitting 13–15% by the end of the decade, tied closely to India's $30 trillion economic vision for housing, in particular, is booming. According to a report by India Sotheby's and CRE Matrix, homes priced above Rs 10 crore generated Rs 14,750 crore in just the first half of 2025, a record six-month July 2024 and June 2025, 1,335 such homes were sold in Mumbai, netting Rs 28,750 crore. Nearly 75% came from the primary market. Secondary (resale) sales added Rs 3,750 crore, both five-year led with 22% of primary sales by value, followed by Bandra West and Tardeo, which posted 192% and 254% jumps, respectively. Notable transactions included Leena Gandhi Tiwari's Rs 639 crore buy at Naman Xana and other Rs 100–200 crore deals at Oberoi 360 West, Lodha Sea Face, and Bandra UBS Billionaire Ambitions Report 2024 says India now has 185 billionaires, more than double from a decade ago, with combined wealth of $905.6 billion, up 263%.JLL says 62% of homes sold in India's top cities in H1 2025 were priced above Rs 1 crore. CBRE and ASSOCHAM reported an 85% spike in sales of homes over Rs 4 leasing is thriving too. According to Knight Frank, India saw 48.9 million sq. ft. of leasing activity in H1 2025, up 41% year-on-year. Bengaluru and Chennai led the also ranks fourth globally in millionaire count, with 85,698 HNWIs, a 72% rise since 2014. McKinsey projects a further 50% jump in ultra-HNWI numbers by 2028. Luxury housing is now part of a much bigger consumption boom, fuelled by rising wealth and Properties had a record Q4 FY25 on paper, with Rs 10,163 crore in bookings. But profits told a more complex story. Despite a 49% jump in revenue to Rs 2,122 crore, net profit fell 19% to Rs 382 crore, hit by rising costs. Margins dropped from 24.1% to 14.4%.Still, the full-year view was upbeat. Net profit nearly doubled to Rs 1,400 crore on annual bookings of Rs 29,444 crore, well ahead of had an even stronger run. FY25 net profit jumped 59% to ?4,357 crore. Bookings were up 44% to Rs 21,223 crore, beating its Rs 17,000 crore target. Revenue hit Rs 8,996 crore. Gross margins held at 48%, with EBITDA at Rs 3,111 crore. It ended the year with a record Rs 6,848 crore net cash launches, 'The Dahlias' and 'DLF Privana West', alone brought in Rs 13,744 crore and Rs 5,600 this points to one thing: India's luxury real estate boom is still Wadia isn't here to flip land for a quick profit. He's aiming for something more enduring, consolidation, clarity, and long-term value. His plan: unify the group's scattered real estate ventures under one banner, Bombay Realty.'We have a legacy experience in different areas of real estate, though it was unorganised,' he said. 'The focus now is to institutionalise it under one unified brand. The Bombay Dyeing name must remain relevant for the next generation.''The live-work ecosystem will offer clear land titles, allowing customers to live and work in the same development,' he of their past work already defines parts of Mumbai: Parsi housing enclaves like Nowroz Baug and Cusrow Baug, the NSE building, Axis Bank HQ in Jeh knows legacy alone won't cut it anymore. 'There's a trust deficit between builders and buyers,' he said. 'Our brand stands for integrity, values earned over generations.'Since stepping away during the pandemic, Jeh returns with a more detached mindset. 'My job is to take the personality out of the process. There's no place for emotion in business.'At the heart of his approach is a three-part filter: every project must fall into one of three buckets, strategic, financial, or exit. If it doesn't serve shareholder value, it doesn't make the 288-year-old Wadia Group includes four listed companies, Britannia, Bombay Dyeing, National Peroxide and Bombay Burmah, with a combined market cap of Rs 1.38 lakh immediate focus is to unlock value from land held across the group and within the family, before partnering with external landowners through joint while Go First's collapse still lingers, he calls it a 'costly miscalculation' that reshaped his thinking. It drove home the three principles he now swears by: data, transparency and unemotional decision-making.
India Today
30-06-2025
- Entertainment
- India Today
Kareena calls Saif Iron Man for sons, says she's still coping with knife attack
Though Saif Ali Khan's stabbing incident occurred months ago, it continues to linger in the minds of many. The incident had deeply affected the actor's family and loved ones. In a recent interview, his wife Kareena Kapoor opened up for the first time about the emotional and challenging period she went through following the a conversation with Barkha Dutt on Mojo Story, Kapoor referred to her husband Saif as an 'Iron Man' for their sons, Taimur and Jeh. She admitted that she's still grappling with the unsettling thought of someone having been in her child's actor pointed out that incidents like these are rare in Mumbai and confessed she hasn't fully come to terms with what happened. 'When you lose someone, you never really get over it. I don't want to live in that fear for my children because that's also wrong to put that stress on them. So it's been a tough journey to manoeuvre from fear and anxiety to balancing the fact that I am a mother and I am also a wife,' she the actor said, 'I am still kind of struggling with what it does to see someone there in your child's room. In Mumbai, you never really hear about such incidents I was very anxious for the first couple of months. It was very difficult to sleep and get back to the person with that kind of normalcy.'advertisementThe 'Refugee' also shared how her youngest son, Jeh, considers his father as a superhero. 'My little one still says, 'My father is Batman and Iron Man. He can take on anyone.' We are definitely stronger as a unit."Towards the end, Kapoor shared that the incident served as a stark reflection of the world's harsh realities for her children. They have seen blood and everything, but that trauma, I somehow feel, will make Taimur and Jeh a lot more of a different kind of man. They have also been so sheltered, and then, they have suddenly seen this. Somehow, I feel it's an experience that has brought them out of that shelter and a little more into reality that this can actually happen. Of course, they shouldn't have seen it. But I have to look at something out of it that's going to come, and I am just hoping that's what is going to come out of it,' she was attacked on January 16, when an intruder entered Khan's 12th-floor Bandra flat and repeatedly stabbed him. The actor, 54, underwent emergency surgery at Lilavati Hospital to remove a knife fragment lodged near his spine. He was discharged five days later. Shehzad was arrested two days after the attack.- EndsTrending Reel
Pink Villa
30-06-2025
- Entertainment
- Pink Villa
Kareena Kapoor REACTS to criticism faced post-Saif Ali Khan's attack; reveals how Taimur, Jeh are affected
Saif Ali Khan 's stabbing incident may have taken place months back, but it remains fresh in all our minds. This incident not only caused trauma to the actor's entire family and close ones but also left a question in every Mumbaikar's mind about their security. In a recent interview, his wife Kareena Kapoor Khan spoke for the first time about the emotional and difficult time she faced after the attack. How did the stabbing incident affect Kareena Kapoor Khan? Talking to Barkha Dutt on Mojo Story, Kareena Kapoor Khan called hubby Saif Ali Khan an 'Iron Man' for their kids Taimur and Jeh. The actress stated that she is still struggling with the thought of someone being present in your child's room. The actress also said that such incidents are not common in Mumbai and quipped that she has not 100 percent come to terms with what has happened. She also revealed being anxious for the first couple of months and how difficult it was for her to sleep and get back to the person with the new normal. Bebo said that despite it being a difficult time for her, she had to stay strong for her family after the traumatic incident. Further elaborating on how she felt about the attack, the Refugee star compared it to death. 'When you lose someone, you never really get over it. I don't want to live in that fear for my children because that's also wrong to put that stress on them. So it's been a tough journey to manoeuvre from fear and anxiety to balancing the fact that I am a mother and I am also a wife.' Kareena further stated that the stabbing incident may have left a deep impact on their family, but it also brought them closer and made them stronger. In fact, Jeh sees Saif as a superhero and believes he is like Batman or Iron Man, who can face anything. How did the stabbing incident affect Taimur and Jeh? Kareena Kapoor Khan expressed that experiencing something so serious has given both her kids, Taimur and Jeh, a glimpse into the real world. It has also broken the protective bubble they were living in. As a mother, she also hopes that they shouldn't have had to witness something so traumatic, but also hopes that it will shape them into stronger and more grounded individuals. How is Kareena Kapoor coping with the trauma? The Chameli actress revealed that the incident has affected her deeply on a personal level and left her shaken. Despite all this, she is trying hard not to let her stress and anxiety affect her kids. In fact, Saif Ali Khan encourages the family not to live in fear and to try to move forward. Further talking about the criticisms she faced for not being at home during the attack, Kareena admitted to being sad. She questioned the mindset of social media users and expressed concerns about the kind of content people seem to value in today's digital age. Talking about her work front, Kareena Kapoor is all geared up for her upcoming collaboration with Meghna Gulzar and Prithviraj Sukumaran titled Daayra.
Indian Express
30-06-2025
- Entertainment
- Indian Express
Kareena Kapoor was left ‘anxious, couldn't sleep for months' after Saif Ali Khan's attack: ‘My kids Jeh, Taimur saw blood at 4 and 8… they were so sheltered'
Actor Saif Ali Khan getting stabbed by an intruder in January this year had the nation shocked. How could a person break through security, enter a star's home, walk into the bedroom of his child, and stab the actor as he tried to protect his son? That was the question on everyone's mind. The incident deeply shook the Kapoor family, and now, for the first time, Kareena Kapoor Khan has opened up about the episode, admitting that she hasn't quite processed it yet and how it impacted not only her and Saif, but also Jeh and Taimur. During an interview with Barkha Dutt on Mojo Story, Kareena recalled the night the intruder entered their Mumbai home and how the experience left her anxious for a long time. She said, 'I am still kind of struggling with what it does to see someone there in your child's room. In Mumbai, you never really hear about such incidents. It is very common in the US. In Mumbai, we have never really heard about someone walking in and attacking your husband. We have still not come to terms 100 per cent. At least I haven't. I was very anxious for the first couple of months. It was very difficult to sleep and get back to the person with that kind of normalcy.' The Jab We Met star compared the incident to death and shared that while the memory fades over time, she hasn't forgotten that fateful night. 'With time, I realised that the memory fades more and more. It's there in your heart. It is like death. When you lose someone, you never really get over it. That's what I have always perceived – that you never really get over that but the memory fades day by day,' she said. Kareena admitted that she had to shake herself up and resist the anxiety she suffered after the incident, for the sake of her sons — Taimur Ali Khan and Jeh Ali Khan. She revealed that she had to stay strong so she wouldn't project that fear onto her children. She said, 'But I don't want to live in that fear for my children because that's also wrong to put that stress onto them. So, it's been a tough journey to manoeuvre from fear and anxiety to balancing the fact that I am a mother and I am also a wife. It was a combination of so much understanding that this is what I have to kind of deal with. I am just happy and thank God that we are safe. We are stronger as a unit.' Kareena acknowledged that the incident, in a single moment, stripped her sons of their sheltered lives and introduced them to a harsh reality. She shared how her younger son Jeh even sees Saif as a superhero for confronting the attacker despite being stabbed. 'Hope my sons grow up with resilience because they have seen their father getting stabbed. My younger one (Jeh) still says, 'My father is Batman and Iron Man, he can take on anyone.'' Kareena also expressed hope that the traumatic incident will ultimately make her sons stronger and more resilient. 'Yes, they have seen blood and everything but I am hoping that that experience will make them different kind of men. They have been so sheltered and then they have seen this, so somehow I feel that this experience has brought them out of that sheltered life and a little more into reality that this can happen. Of course, they shouldn't have seen this at 4 and 8 years old, but I have to look at something out of it.' When asked if she has changed as a person after the attack on Saif, Kareena responded, 'It has shaken me to the core but I can't live in that fear. Also we Punjabis say, 'Bala tal gai (the calamity was averted)' and that's what I am believing in. I don't think any family should see what we saw. It has been an uphill task.'
India Today
29-06-2025
- Entertainment
- India Today
Saif Ali Khan enjoys a day out at the park with sons Ibrahim, Taimur, and Jeh
Ibrahim Ali Khan recently shared glimpses of his day out with father Saif Ali Khan and his younger brothers, Taimur and Jehangir (Jeh). The pictures showed the Khan boys bonding over nature and cricket, capturing some truly adorable a series of photos from their outing to a park, Ibrahim captioned the post, "Park day."In one of the photos, Saif, Ibrahim, Taimur, and Jeh are seen sitting together on a tree branch. While Saif looked fondly at Ibrahim, he smiled for the camera. Taimur wrapped his arm around Jeh, who sported a mischievous grin while looking Other pictures showed the younger brothers playing cricket, with Jeh batting and Taimur taking on the role of the kept it casual in an olive green shirt and jeans, while Ibrahim wore a brown T-shirt, denims, and white sneakers. The little ones were dressed in comfy T-shirts and shorts. Reacting to the post, Saif's sister Saba Ali Khan dropped red heart a look at the pictures: advertisement Saif Ali Khan married Kareena Kapoor in 2012. They met on the sets of 'Tashan' in 2008. The couple has two sons - Taimur (born in 2016) and Jeh (born in 2021). Saif was earlier married to Amrita Singh. They have two children together - Sara Ali Khan and Ibrahim Ali the work front, Saif was last seen in the heist thriller 'Jewel Thief', which began streaming on Netflix on April 25 this Ibrahim Ali Khan was last seen in 'Nadaaniyan' opposite Khushi Kapoor. He will next be seen in the film 'Sarzameen', starring alongside Kajol and Prithviraj Sukumaran.- EndsMust Watch
