THANEFIRST! Real Estate - Thane SYNOPSIS Q Facility Management I Agency Services I Research & Advisory

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1 THANEFIRST! Facility Management I Agency Services I Research & Advisory Mumbai Office: 429, Arun Chambers, 4th floor, Tardeo Road, Near A.C. Market, Tardeo, Mumbai Tel.: Thane Office: Abhimaan-II, 1st floor, Near Damani Estate, Off Eastern Express Highway, Thane (W) Board Line: info@themerealty.com Website: Real Estate - Thane SYNOPSIS Q1 2010

2 Dream Homes Major Locations become a Reality...in Thane For every family in the Mumbai Metropolitan Region (MMR) which dreams of a home of its own, Thane offers what is arguably the widest range of residential real estate, across price points and across budgets. If you have a dream home, you can make it a reality in Thane. From 'budget homes' to homes in the 'mid-range' and on to 'high-end, premium' homes, Thane has it all Pokhran II All About Thane: From being Mumbai's 'Sister City' and not glamorous at that in the 1960s and '70s, Thane has broken out of the perception of being the equivalent of a small time suburb of Mumbai. Perceptions change, once you step into this verdant green, clean and safe city, which has been magically transformed in all aspects. More about Thane: Wide roads that provide excellent connectivity, some of the best infrastructure, lifestyle-plus living, some of the best academic & medical facilities, excellent retail and shopping as also amusement and entertainment and all this, in a setting that offers Real Estate of global standards Thane, over the past few years, has morphed and become an urban conglomerate on par with any residential location in the Mumbai Metropolitan Region. Future Perfect Thane has evolved into an ideal residential destination over the years, and its future promises to be even better. The best part of Thane: it has something for everyone, from the 'common man' to a 'high profile resident'. Going into the future, it shows potential to be a global city of repute, if one considers the various infrastructure projects which are in the pipeline, like the monorail project, for instance. Major Residential Locations: Thane has six major locations where home seekers will find their dream homes become a reality. These are: (i) Thane City (ii) Wagle Estate (iii) Pokhran I & II (iv) (v) and (vi). Wagle Estate is largely an industrial area with a strong I.T. presence. No Longer in Mumbai's Shadow Now a home destination of 'choice', Thane has gone beyond the previous perception of being in Mumbai's shadow. The real estate offerings in Thane have catapulted it into becoming the ideal residential destination - it is truly, the 'supermarket' of residential options, spanning across budgets and locations. Value for Money Pokhran I Wagle Estate Buying a home in Thane is cost effective - easier on your wallet, both in terms of the actual cost vis-a-vis similar projects in suburban Mumbai or in terms of monthly maintenance charges, which are also lower in comparison. Easy Thane City availability of home finance options makes it easier to become a reality. A Thane home is truly, value for money! Naure's Paradise Over the years, Thane has achieved fame as the 'City of Lakes'. It has the Yeoor Hills in the west and the creek in the east, with the city situated in between, providing a picturesque locale to call 'home'. In the monsoon, Thane's green cover takes on a verdant hue, giving it the appearance of being a residential destination right out of a fairy-tale. Its' official... At the launch of the real estate sensitivity index, Liases Foras CEO Pa n k a j K a p o o r q u a n t i f i e d t h e percentage of homes sold in Thane visa-vis the entire Mumbai Metropolitan Region: Thane accounted for 12.5 per cent of all residential real estate sold in the MMR during the last quarter of 2009 an eight of all homes sold across the MMR were in Thane. That's a large enough chunk to give Thane the status of a 'happening' residential realty destination. Thane PROPERTY 2010 The most trusted and preferred home property exhibition celebrates its tenth edition. It is auspicious ocassion for Thane MCHI, and the exhibition promises to be a winner, all the way! Your Dream Home Will you be the next home buyer in Thane? Will it be your 'dream home' that becomes a reality in Thane? Hopefully, Thane PROPERTY 2010 be the 'one stop shop' which will make your dream home come true. Thane MCHI as also the 'Thane Property 2010' Exhibition Team wish you the very best!

3 The residential hot-spots of Thane In theory, you can get a home in Thane - anywhere and everywhere subject to issues like its cost and whether it suits your requirement. That's the theory. From a home seeker's perspective, some locations are perceived to be 'hot' and 'happening'. This can be a factor of high demand for homes in that area, or simply a matter of customer preference. Either way, these are some of the 'hot' and 'happening' locations Some of Thane's major residential locations are as follows: Old Thane City: This is where the foundation of Thane as a city was laid, and to his day, it enjoys prime position in terms of real estate pricing you will f i n d s o m e o f t h e highest-priced realty in Thane located here. In terms of its realty mix, this locale has a dominance of old residential buildings, industrial estates, commercial complexes, high-street retail and hotels, and is spread over various location like Kopri Colony, Panchpakhadi, Khopat, Eastern Express Highway. This locale is all set for some major redevelopment projects, and most of the existing old societies are in line for re-development. Green Zone, due to its proximity to Yeoor Hills and its abundant greenery as also Upvan Lake. In terms of residential, this locale commands a premium. Pokhran I & II are situated 3.4 and 4.8 kms from Thane railway station and were known as the 'base' for reputed companies like Raymond, Glaxo, Cadbury's etc. Projects in Pokhran have a good demand, especially for premium residential. Among its 'positives' are close proximity to Schools, Hospitals, Shopping and other recreational activities. Complexes like Siddhachal, Hiranandani Meadows are a home for upper higher income groups. location, far away from noise and air pollution. Located 5 kms from Thane station, it enjoys proximity to schools, hospitals, retail and shopping malls and entertainment. Offering easy access to Old Bhiwandi Road, New Nashik By-pass, Eastern Express Highway and the, it offers a good option for home buyers. : Perpendicular to on the Thane end and extending towards the Nashik By-pass, is located 4 kms from Thane railway station. This stretch is expected to be the next residential hub after. It has the presence of highend residential and township projects by big developers. Nashik By-pass: This is a stretch that begins from K a p u r b a w d i, where Lodha and Rustomjee have upcoming projects. From the Toll Naka, towards Kalyan/ Bhiwandi, vast tracts of open land is set to become the New Thane, and home seekers will find this the ideal future residential hub. : Better known as the new, urban face of Thane, is a new 'city within a city' that is evolving in Thane. Regarded as the fastest-growing belt, offers residential townships, commercial buildings, educational institutes, shopping and restaurants. It is a major link, connecting the Eastern Express Highway and Western Express Highway. TMC and MMRDA have started the construction of flyovers on the at Majiwade, Waghbil Naka and Near Hiranandani Estates. These flyovers would ease traffic congestions on the road. Major chunks of Land It is typically a commercial area with a few residential projects that are among the most expensive available in Thane. Any good project coming up in these locations fetches a good price because of proximity to the commercial centre, the railway station as also the demand / supply factor. Pokhran I & II: This is the equivalent of Thane's : If Thane has been the location where industrial usage gave way to residential, Road is the 'poster boy' of this major shift: from Industries to Residential complexes. is a serene green Pokhran I Off Nasik Highway

4 Dream Homes Major Locations become a Reality...in Thane For every family in the Mumbai Metropolitan Region (MMR) which dreams of a home of its own, Thane offers what is arguably the widest range of residential real estate, across price points and across budgets. If you have a dream home, you can make it a reality in Thane. From 'budget homes' to homes in the 'mid-range' and on to 'high-end, premium' homes, Thane has it all Pokhran II All About Thane: From being Mumbai's 'Sister City' and not glamorous at that in the 1960s and '70s, Thane has broken out of the perception of being the equivalent of a small time suburb of Mumbai. Perceptions change, once you step into this verdant green, clean and safe city, which has been magically transformed in all aspects. More about Thane: Wide roads that provide excellent connectivity, some of the best infrastructure, lifestyle-plus living, some of the best academic & medical facilities, excellent retail and shopping as also amusement and entertainment and all this, in a setting that offers Real Estate of global standards Thane, over the past few years, has morphed and become an urban conglomerate on par with any residential location in the Mumbai Metropolitan Region. Future Perfect Thane has evolved into an ideal residential destination over the years, and its future promises to be even better. The best part of Thane: it has something for everyone, from the 'common man' to a 'high profile resident'. Going into the future, it shows potential to be a global city of repute, if one considers the various infrastructure projects which are in the pipeline, like the monorail project, for instance. Major Residential Locations: Thane has six major locations where home seekers will find their dream homes become a reality. These are: (i) Thane City (ii) Wagle Estate (iii) Pokhran I & II (iv) (v) and (vi). Wagle Estate is largely an industrial area with a strong I.T. presence. No Longer in Mumbai's Shadow Now a home destination of 'choice', Thane has gone beyond the previous perception of being in Mumbai's shadow. The real estate offerings in Thane have catapulted it into becoming the ideal residential destination - it is truly, the 'supermarket' of residential options, spanning across budgets and locations. Value for Money Pokhran I Wagle Estate Buying a home in Thane is cost effective - easier on your wallet, both in terms of the actual cost vis-a-vis similar projects in suburban Mumbai or in terms of monthly maintenance charges, which are also lower in comparison. Easy Thane City availability of home finance options makes it easier to become a reality. A Thane home is truly, value for money! Nature's Paradise Over the years, Thane has achieved fame as the 'City of Lakes'. It has the Yeoor Hills in the west and the creek in the east, with the city situated in between, providing a picturesque locale to call 'home'. In the monsoon, Thane's green cover takes on a verdant hue, giving it the appearance of being a residential destination right out of a fairy-tale. Its' official... At the launch of the real estate sensitivity index, Liases Foras CEO Pa n k a j K a p o o r q u a n t i f i e d t h e percentage of homes sold in Thane visa-vis the entire Mumbai Metropolitan Region: Thane accounted for 12.5 per cent of all residential real estate sold in the MMR during the last quarter of 2009 an eight of all homes sold across the MMR were in Thane. That's a large enough chunk to give Thane the status of a 'happening' residential realty destination. Thane PROPERTY 2010 The most trusted and preferred home property exhibition celebrates its tenth edition. It is auspicious ocassion for Thane MCHI, and the exhibition promises to be a winner, all the way! Your Dream Home Will you be the next home buyer in Thane? Will it be your 'dream home' that becomes a reality in Thane? Hopefully, Thane PROPERTY 2010 be the 'one stop shop' which will make your dream home come true. Thane MCHI as also the 'Thane Property 2010' Exhibition Team wish you the very best!

5 The residential hot-spots of Thane In theory, you can get a home in Thane - anywhere and everywhere subject to issues like its cost and whether it suits your requirement. That's the theory. From a home seeker's perspective, some locations are perceived to be 'hot' and 'happening'. This can be a factor of high demand for homes in that area, or simply a matter of customer preference. Either way, these are some of the 'hot' and 'happening' locations Some of Thane's major residential locations are as follows: Old Thane City: This is where the foundation of Thane as a city was laid, and to his day, it enjoys prime position in terms of real estate pricing you will f i n d s o m e o f t h e highest-priced realty in Thane located here. In terms of its realty mix, this locale has a dominance of old residential buildings, industrial estates, commercial complexes, high-street retail and hotels, and is spread over various location like Kopri Colony, Panchpakhadi, Khopat, Eastern Express Highway. Green Zone, due to its proximity to Yeoor Hills and its abundant greenery as also Upvan Lake. In terms of residential, this locale commands a premium. Pokhran I & II are situated 3.4 and 4.8 kms from Thane railway station and were known as the 'base' for reputed companies like Raymond, Glaxo, Cadbury's etc. Projects in Pokhran have a good demand, especially for premium residential. Among its 'positives' are close proximity to Schools, Hospitals, Shopping and other recreational activities. Complexes like Siddhachal, Hiranandani Meadows are a home for upper higher income groups. location, far away from noise and air pollution. Located 5 kms from Thane station, it enjoys proximity to schools, hospitals, retail and shopping malls and entertainment. Offering easy access to Old Bhiwandi Road, New Nashik By-pass, Eastern Express Highway and the, it offers a good option for home buyers. : Perpendicular to on the Thane end and extending towards the Nashik By-pass, is located 4 kms from Thane railway station. This stretch is expected to be the next residential hub after. It has the presence of highend residential and township projects by big developers. Nashik By-pass: This is a stretch that begins from K a p u r b a w d i, where Lodha and Rustomjee have upcoming projects. From the Toll Naka, towards Kalyan/ Bhiwandi, vast tracts of open land is set to become the New Thane, and home seekers will find this the ideal future residential hub. : Better known as the new, urban face of Thane, is a new 'city within a city' that is evolving in Thane. Regarded as the fastest-growing belt, offers residential townships, commercial buildings, educational institutes, shopping and restaurants. It is a major link, connecting the Eastern Express Highway and Western Express Highway. TMC and MMRDA have started the construction of flyovers on the at Majiwade, Waghbil Naka and Near Hiranandani Estates. These flyovers would ease traffic congestions on the road. Expected future development locations This locale is all set for some major redevelopment projects, and most of the existing old societies are in line for re-development. It is typically a commercial area with a few residential projects that are among the most expensive available in Thane. Any good project coming up in these locations fetches a good price because of proximity to the commercial centre, the railway station as also the demand / supply factor. Pokhran I & II: This is the equivalent of Thane's : If Thane has been the location where industrial usage gave way to residential, Road is the 'poster boy' of this major shift: from Industries to Residential complexes. is a serene green Pokhran I Off Nasik Highway

6 Thane, de-mystified for home seekers It helps to get a bird's eye view, or get a break-up in graphic format: it helps one better understand the market scenario. The Research Desk at Theme Realty Services have created this simple to understand graphic interface, and we hope it makes your task of understanding Thane that much easier. Price comparisons Key Locations Prices in 2009 Thane City INR 4,200-6,500 INR 3,500-4,500 Pokhran I INR 3,500-4,500 Pokhran II INR 4,200-6,500 Prices in 2010 INR 7,500-10,000 INR 4,500-6,000 INR 4,500-5,500 INR 5,000-8,000 Supply Graph - Flat for possession in 2010 Some of Thane's major residential protects launched recently, and price trends over the past year. INR 3,000-4,000 INR 4,500-5,000 Location Preferences Index City Pokhran I & II G.B.Road Ghodbunder Rd INR 2,500-6,500 Flats for posession in 2010 INR 3,500-6,500 Infrastructure Apt. Type Avg. Size Total Units Total Sq.Ft. Availability of new projects 1 BHK lacs Presence of Organized Retail Complex Amenities Availability of Comm. Projects 2 BHK E3 BHK 3BHK 4BHK lacs 4.55 lacs 7.13 lacs 0.91 lacs 1 BHK - 16% 2 BHK - 58% E3 BHK - 11% 3 BHK - 13% 4 BHK - 2% Categories Good Above Average Average Below Average New Projects in Q Project Developer Location Segment Configuration Aristo Glade ORION Trebecca Tropical Lagoon Cosmos Horizon Sparta Home Town Fiama Residency Marigold, Siddeshwar Gardens The Residency Rosabella Vihang Hills Imperial Square Lodha Sheth Developers Vijay Group Hiranandani Soham Cosmos group Uma Corporation Puranik Kasam Developers Shree Tirupati Group Vijay Group Sai Enterprise Vihang Group of Companies Square Feet E.E.Highway Pokhran II Luxury Luxury Luxury Luxury Economy 5 BHK 3 BHK 3 / 4 BHK 3 BHK 2 / 3 BHK 2 / 3 BHK E2 / 2 / E3 BHK 1 / E2 / 2 BHK 1 / 2 BHK 2 / 3 BHK 3 BHK 2 / 3 BHK 1 / 2 BHK 1BHK Thane: Current Market Trends What makes a city truly vibrant? In Thane's case, it is simply the 'lifestyle'. Starting out as a typical middle class residential destination on Mumbai's outskirts, with stand-alone 'plain vanilla' buildings, it witnessed change with improved infrastructure and new projects that offered lifestyle-plus homes. This change is also reflected in the new resident profile, which reflects a new, vibrant Thane. What makes Thane an ideal location to buy a home? It begins with a combination: latest amenities, world-class facilities, a wide choice across different projects in locations and some of the most 'value for money' homes. As a result, Thane's property rate graph has been moving northwards since mid- 2009, and the capital values are estimated by Theme Realty Services to be up by almost per cent. Buyers show higher interest Going by records across the past three quarters, there has been a gradual increase in number of homes bought in Thane. Apart from the normal buying trends, pent-up demand for a segment of residences, which was seen to be on hold due to the previous market conditions, has also started opening up. Fence sitters turn buyers A potential buyer, who has his finances worked out, has selected a project but does not go ahead and actually 'buy' is termed a 'fence sitter'. Apart from the normal buyers, Thane has also seen a large quantum of 'fence sitters' across the past three quarters, and going into the first quarter of fiscal , the 'fence sitters' are moving into being actual buyers. They seem to have gained confidence to put money into real estate, especially given the improving market conditions.

7 Home loans A crucial role in stabilising sales has been played by home loans. Various schemes have been introduced by banks and financial institutions across the past few months, which have attracted home buyers. Product Mix Theme Realty Services finds that developers are coming up with 3 / 4 & even 5 BHK flats, while major demand is still registered for 1 / 1.5 & 2 BHK flats. The last three quarters have seen major demand for middle income projects, which have been selling like hot cakes. From budget to premium realty From a country-cousin of Mumbai to a self sufficient, fullfledged global city, Thane has indeed, come a long way. With better infrastructure and connectivity, Thane has now matured into a location where one could think of high-end luxury apartments with world class specification and amenities. Key central suburb With infrastructure developments happening at rapid pace, Thane has now become a key central suburb. Thane is an ideal alternative for people to come and live in since it has a city like cosmopolitan feel to it. Thane's huge underdeveloped land and scenic beauty has not missed the attention of home seekers. Huge potential The locale has huge potential for real estate development. Not only does it link Mumbai and Thane, the area provides excellent opportunity to construct residential complexes at economical rates. Besides, it is covered with lush greenery and natural beauty and hence, also offers scope for construction of bungalow plots and luxury homes preferred by higher middle class and upper strata of society. Thane has certainly become a matured destination with a very strong social infrastructure, tradition, culture and heritage. Price Point Scripting a success story, the Infrastructure way The most important factor for this is the price point, given that Thane is still dominated by Middle Income Groups when it comes to majority of end users in the market, barring a few pockets like Hiranandani Estates, Hiranandani Meadows and Siddhachal, which are perceived to be a base for Upper Middle class / Business class buyers. If one were to ask for one word that defines the changed Thane from days of old, it would have to be 'infrastructure'. And, if one were to ask for the one thing that will re-define Thane in the future, here too the answer is the same. From better roads and flyovers to multi-modal connectivity that links rail and road through the monorail, from basic issues like water and sewage to life-style enhancements, Thane's success story is truly scripted through infrastructure development The 'City Of Lakes' is now well and truly a residential hub which has great infrastructure with excellent connectivity to all parts of Mumbai and its peripheral areas. From a home seeker's perspective, Thane is an ideal residential destination, given great rail and road connectivity to South Mumbai, Central Suburbs, Navi Mumbai as well as the Kalyan-Dombivli belt. Even the western suburbs can be quickly accessed by road. Families that grow Thane has also attracted a large number of young-aged buyers for its connectivity. After all, while they desire their independence, there is also a need to quickly reach the house of both sets of parents, which makes Thane an ideal location. Value-for-money residential destination Thane has a well-established image as a value-for-money residential destination and it is this segment of buyers that continues to fuel the demand for homes there. At the same time, luxurious bungalow projects and large apartments have also found takers. Second Homes Thane the district, not just the city - has witnessed a growing segment of buyers comprising those seeking second homes that are not too far from Mumbai. After putting in long weekdays at the office, there is a desire to get away from the hustle-bustle of the city and spend the weekend amidst tranquillity and greenery. Since work pressures make it difficult to take a long break, most people have begun to prefer second homes that are a short distance away from the city, involving a drive of just a few hours. It is this segment that is said to be driving the demand higher end projects in Thane to a major extent. Looking for an upgrade The segment of people who are looking at Thane for an 'upgrade' is also on the rise. Their basic criteria are a place with large spaces, surrounded by lush foliage, with a peaceful ambience. Thane has a wide array of options ranging from one-bedroom flats to penthouses. This again makes it a favourite place for joint families, as there is scope for family members to buy an independent house close by once they get married. Across Thane, while there are 'preferred locations', a number of peripheral locations are also witnessing extensive development and large township projects. Rail hub Thane has good connectivity to the neighbouring areas through the Central Railway network. Thane has gained more importance in terms of railway connectivity to Navi Mumbai due to the Thane-Vashi and Thane -Panvel local train line. This year, fast trains have also started between Thane and Panvel. Almost all trains going to Konkan Railway from Mumbai halt at Thane. SATIS The Station Area Traffic Improvement Scheme (SATIS) project at Thane railway station is already functional, with the two flyovers on either side of the station having opened up for public use. This mega project is perhaps, one of the Thane Municipal Corporation (TMC)'s biggest dreams and with this dream slowly becoming a reality, life will become even easier for Thaneites. Monorail Network A Monorail Network covering 42 km has been proposed in three phases. In the first phase, the connectivity would be between and via Naupada. It will be km long with km elevated, and only 1.4 km on the surface, and 11 stations in all. City of choice From a time when it was seen as Mumbai's 'sister city', Thane has emerged to be a global standard residential destination, a city of choice, thanks to infrastructure and this has played a major role in the appreciation in values of premium segment homes. Industry pundits say they would not be surprised to see the prices moving upwards - homes costing above Rs 10,000 per sq ft would not be just in Old Thane, this might become an integral part of Thane's residential real estate scene, as we go into New launches during Thane Property 2010 Jitendra Mehta of Thane MCHI mentions the new projects which are in the pipeline, all set for what the 'grand launch' at the Thane MCHI Property 2010 exhibition. Given Thane's infrastructure and the way its grown, for home seekers, it might just be the best possible option. The new launches at THANE PROPERTY 2010 could turn out to be among the best options, given that Thane offers a clean, green environment in a 'value for money' range of options. Given the sort of new project offerings open for bookings during the Thane MCHI Property 2010, it should be obvious that families will find their dream premium homes becoming a reality in Thane. Over the years, Thane has matured as a preferred high-profile residential destination. The choices available in projects and Real Estate brands a buyer can find in Thane are much more than other upcoming Cities. With the existing and the planned infrastructure on the Eastern Express Highway and one can easily connect to all the parts of Mumbai and Suburban Mumbai. Major developments in the HIG segment like the Hiranadani Meadows & Estates, projects by the Sheth Group, Rustomjee's Urbania, projects by Lodha, Dosti Group, Vijay Group and the R o s a G r o u p w i l l definitely please the high-profile segment buyer, looking for nature along with luxury. Looking at the pace at which the developments are taking place,, very soon, will be the preferred choice - even for the high-profile segment.

8 TAKING CARE OF HOUSEKEEPING ELEVATORS ESCALATORS F L O O R S FACADE WHEN WILL YOU DO BUSINESS? We take care of all your facilities so that you can concentrate on the one thing that is most important to you: Your business. Free yourself. Facility Management I Agency Services I Research & Advisory Mumbai Office: 429, Arun Chambers, 4th floor, Tardeo Road, Near A.C. Market, Tardeo, Mumbai Tel.: Thane Office: Abhimaan-II, 1st floor, Near Damani Estate, Off Eastern Express Highway, Thane (W) Board Line: info@themerealty.com URL: