Bengaluru, Oct. 19 -- Wadia Group's Bombay Realty is preparing for a comeback in real estate, as it aims to monetize its land parcels in Mumbai and exploit the momentum in the residential sector, a top company official said.

Over the past few months, the company has put together a fresh team, and recently appointed a new chief executive to head the real estate business.

The developer is planning to first launch a premium residential project named Three ICC at the Island City Center (ICC), a gated community, in central Mumbai's Dadar locality this year.

The project, which will have around 500 units across three wings, will be developed over 4.5 acres, of the overall 17-acre land parcel. The first wing will have large residences, with pr...