Contents

Executive summary Scope and objective of the report Approach and methodology of our analysis Residential real estate market Commercial real estate market Retail Region Residential market in the Mumbai Metropolitan Region (MMR) Housing scenario in MMR Residential real estate market - A snapshot MAHTI in MMR Potential demand and absorption Trends in real estate registration Expected residential supply in MMR (2009-11) Outlook on residential capital value Segregation of the residential market of MMR Residential real estate market South Mumbai: Prime South Mumbai-Non-prime Central Mumbai Prime Central Mumbai Non-prime Central suburbs Kurla, Ghatkopar, Chembur Central suburbs Mulund Central suburbs Powai Central suburbs Vikhroli, Bhandup, Kanjurmarg Central suburbs Wadala, Sewri Western suburbs Bandra, Khar, Santacruz, Juhu Western suburbs Andheri Western suburbs Goregaon, Malad, Kandivali, Borivali Downtown western suburbs Mira Road, Bhayander Downtown western suburbs Vasai, Virar 3 9 10 10 13 14 15 15 18 23 24 25 26 27 27 31 31 36 40 44 48 52 56 60 64 67 71 75 80 84
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City Real(i)ty
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Mumbai

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Mumbai

Downtown central suburbs-Thane Prime and non-prime Downtown central suburbs Kalyan, Dombivli Navi Mumbai Airoli, Ghansoli, Koparkhairane Navi Mumbai Vashi, Palm Beach, Nerul Navi Mumbai Kharghar Navi Mumbai Kamothe, Kalamboli, Panvel, Khandeshwar Commercial real estate market Trends in office space Region-wise outlook on supply and lease rentals South Mumbai Central Mumbai Western suburbs - BKC, CST Road Western suburbs - Andheri Western suburbs - Goregaon, Malad, Kandivali Central suburbs Downtown central suburbs - Thane Navi Mumbai - Airoli, Vashi, Kharghar Organised retail in Mumbai Introduction Outlook Trend in lease rentals Player profile Acme Group Dosti Group Evershine Builders Pvt Ltd Haware Engineers and Builders Private Ltd HDIL Hiranandani Ltd K Raheja Universal K. Raheja Corp Kalpataru Lokhandwala Constructions Oberoi Constructions Pvt Ltd RNA Corp

88 94 98 102 106 110 114 115 116 116 117 119 120 122 123 125 126 129 129 133 133 134 138 138 139 139 140 140 141 142 142 143 143 144
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CRISIL RESEARCH CITY REAL(i)TY; JUNE 2009

Region Profile Mumbai Metropolitan Region - Profile Area and population Population density Age- wise break-up of population Key indicators Literacy rates Industrial profile Infrastructure in MMR Railways Mumbai Urban Transport Project Mass Rapid Transit System Roads Airports Water supply Slum Rehabilitation Authority (SRA) Scheme Abbreviations

145 145 147 148 148 149 149 151 151 152 153 154 155 156 159 162

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CRISIL RESEARCH CITY REAL(i)TY; JUNE 2009