REALTY SNAPSHOTS MMR RESIDENTIAL: TOP PERFORMING LOCALITIES AND MICRO MARKETS

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1 MMR RESIDENTIAL: TOP PERFORMING LOCALITIES AND MICRO MARKETS

2 Key Insights In Metropolitan Region (MMR), the micromarkets of, and Navy ruled the roost, accounting for around % of the total absorption and % of the total supply witnessed in MMR during the months period from Jan to Dec Four out of the top localities in MMR belong to the micromarket of Western. The development of commercial establishments over the years has increased the popularity of Western as a residential area; this micromarket has the majority of the working population of MMR Selfcontained satellite township, Navi has emerged as fourth out of the top micromarkets. Excellent social and physical infrastructure have enhanced the attractiveness of this micromarket West, Chembur, Dombivali, Mira Road East and Powai have emerged as the top performing localities due to high absorption & launches, moderate inventory overhang, good livability score and presence of well established social and physical infrastructure Chembur and Powai have emerged as two of the most promising localities in MMR with low inventory overhang levels of months and months respectively. Both Chembur and Powai share good connectivity with the Bandra Kurla Complex (BKC), one of the major commercial centers in The localities of Mira Road East and Vasai are poised for higher growth in short to medium term with relatively low inventory overhang of around months, decent livability score of over 0 and moderate price ranging between Rs.,00 Rs.,00 per sq.ft. Badlapur East and Ambernath East are the preferred choice for the middle income group of home buyers. The availability of large land parcels at relatively cheaper prices have resulted in large scale developments in the vicinity Several transport infrastructure projects were implemented in in the last two years including the SCLR, the WadalaChembur Monorail and the VersovaAndheriGhatkopar metro corridor. This has led to improved EastWest connectivity thereby having a positive impact onthe performance of adjoining residential markets Page 0 0

3 Fact File Key Insights Popularly known as the Financial Capital of India due to the concentration of major financial institutions such as Bombay Stock Exchange, Reserve Bank of India, National Stock Exchange, SEBI, etc. Metropolitan Region is spread over an area spanning, sq.km. with urban local bodies As per the census of 0, is the most populous city in India The economy of the region is primarily driven by IT/ITeS, BFSI, Manufacturing, Entertainment & Fashion industries The wealthiest city of India, recorded a nominal GDP of US$ billion in the year 0 Industrial Overview accounts for % of industrial output, 0% of maritime trade and 0% of capital transactions to Indian economy During 0, total cargo traffic of Maharashtra handled by Port Trust and Jawaharlal Nehru Port Trust was 0.% and.% respectively (Economic Survey 0) SEEPZSEZ is an export processing zone, it is developed across acres and houses several electronic and gems & jewelry industrial unitsincluding Standard Design Factories and Gems & Jewelry Factories Demographic Indicators (Census 0) Population (million). Male (million). Female (million). Sex Ratio (per 000) Average Literacy (%). Metro km long project to be implemented in three phases across lines / corridors Line of length. km is already operational from Jun Line, Line and Line are expected to be commissioned between 0 to 0 Navi Metro Proposed lines across three phases; Phase (Belapur to Pendhar) is expected to be operational by the end of 0 Mono Rail The project with a length of 0 km is being undertaken at a cost of Rs.,0 crore by MMRDA; Phase is already operational from Feb while Phase is likely to be commissioned by June 0 Navi International Airport Spread over, acres, the airport would be one of world s largest Greenfield international airports and will generate. lakh new jobs directly, along with another lakh indirect jobs; The project has been awarded to GVK Group in Feb 0 and construction is expected to commence soon Multimodal Corridor VirarAlibaug The km VirarAlibaug corridor will connect NH, Bhiwandi Bypass, NH, NH and NHB, Pune Expressway, NH, etc. Proposed to be commissioned in two phases, the estimated cost of the project is about Rs., crore Big Infra Push Trans Harbour Link (MTHL) A.Kmlong, lane bridge with an estimated cost of the Rs.,00 crore aims to reduce commute time from Island City to Navi by 0 minutes; Expected completion 0 Coastal Roads Proposed lane,. km long road from Nariman Point in South to Kandivali in the Western ; the project is likely to be completed in years Versova Bandra Sea Link To be developed at a cost of Rs., crore, the project is expected to be completed by 0, to serve as a freeway corridor Commercial Overview BFSI / IT&ITES The two prominent financial centers in the city are Nariman Point and Bandra Kurla Complex (BKC) housing major financial institutions such as NSE, NABARD, IL&FS, Dena Bank, Citigroup, JPMorgan Chase, Bank of India, Canara Bank, Standard Chartered Bank, State Bank of India Key IT landmarks include Marol MIDC Industrial Area, Technopolis Knowledge Park, Lokhandwala Industrial Area, Mindspace, International Infotech Park at Vashi, Technology Centre at Belapur, Millennium Business Park at Mhape and the IT Hardware Park at Dronagiri Page 0 0

4 Micro Key Insights Markets Rankings Mira Road &, %, % R Rank Micro Markets ranked on Absorption, Launches, Inventory Overhang and Livability Score Inventory Overhang (Months) Wt. Avg. Absorption Price (Rs./sq.ft.) Dec % Contribution in Unit Sales (Jan to Dec ) Micro market It is defined as zonal division of a city, arrived as an aggregate of localities within a defined geographical boundary or on the basis of similar real estate characteristics. Livability Score Weighted average evaluation of the social infrastructure in a given region, comprising educational institutions, health care and retail outlets. Western, %, % Absorption Sales during Jan to Dec Inventory Overhang No. of months required for the unsold units to be completely sold off at the current rate of absorption., % South, % Harbour, % Panvel, % Navi,0 % Launches New launches during Jan to Dec % Price Change Dec over Dec Overall micro market ranking is based on the weighted average of four parameters for each micro market: Absorption, Launches, Inventory Overhang and Livability Score in accordance with their positive/negative correlation with the overall health of the micro market. Note: Period of analysis Jan Dec Map is for representation purpose only, not to scale Micro Markets Ranked on Absorption Navi Mira Road & Western Micro Markets Ranked on % Price Change Harbour Panvel South South Harbour Western Mira Road & Panvel Navi Micro Markets Ranked on Livability Score South Harbour Western Navi Mira Road & Panvel Page 0 0

5 Key Top Insights Localities Vasai,0 Bhiwandi, Mira Road East, 0 Dahisar,0 0 Dombivali, Kandivali West,0 Badlapur East, 0 Malad East,0 West, 0 Goregaon West, Ambernath East 0, Powai, Kharghar, Chembur,0 Ulwe, 0 Map is for representation purpose only, not to scale R Rank Locality Inventory Overhang (Months) Wt. Avg. Absorption Price (Rs./sq.ft.) Dec Livability Score Overall locality ranking is based on the weighted average of four parameters for each locality: Absorption, Launches, Inventory Overhang and Livability Score in accordance with their positive/negative correlation with the overall health of the locality. Note: Period of analysis Jan Dec Page 0 0

6 Micro Key Insights Market Categorization Micro Market Western South Harbour Mira Road & Navi Panvel Localities Andheri West, Bandra West, Borivali East, Borivali West, Dahisar, Goregaon West, Jogeshwari West, Juhu, Kandivali East, Kandivali West, Khar, Mahim, Malad East, Malad West, Santacruz West, Ville Parle East, Ville Parle West Andheri East, Bandra East, Bandra Kurla Complex, Bhandup East, Bhandup West, Dharavi, Ghatkopar East, Ghatkopar West, Goregaon East, Jogeshwari East, Kanjurmarg, Kurla, Matunga, Mulund East, Mulund West, Powai, Santacruz East, Sion, Vikhroli Agripada, Babulnath Road, Colaba, Dadar East, Dadar West, Fort, Girgaon, Lower Parel, Mahalaxmi, Napeansea Road, Parel, Peddar Road, Prabhadevi, Tardeo, Worli Byculla, Chembur, Deonar, Mazagaon, Sewri, Wadala Bhayandar East, Bhayandar West, Boisar, Manor, Mira Road East, Naigaon East, Nala Sopara, Palghar, Saphale, Uttan, Vasai, Virar East, West Ambernath East, Ambernath West, Ambivali, Asangaon, Badlapur East, Badlapur West, Bhiwandi, Diva, Dombivali, Kalyan East, Kalyan West, Karjat, Khardi, Murbad, Navgaon, Neral, Shahapur, Sil Phata, Titwala, Ulhasnagar, Vajreshwari, Vangani, Vasind, Warai Airoli, Belapur, Dronagiri, Ghansoli, Kalamboli, Kamothe, Karanjade, Kharghar, Koperkhairane, Navade, Nerul, Panvel, Sanpada, Seawoods, Taloja, Turbhe, Ulwe, Vashi Chowk, Kewale, Khalapur, Khandala, Khopoli, Koproli, Pen, Rasayani, Umroli Page 0 0

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