o Property occupiers continue their shift from Central Business District (CBD) to Alternative Business District (ACBD) and Extended Business Districts (ECBD). o New Supply to be added this quarter which is expected to put downward pressure on rents and capital values. o With increase in FSI on certain commercial buildings, the gap between demand and supply is increasing further. Demand to pick up in the next quarter resulting in higher transaction volumes However, the leasing and the capital values to remain stable.

1. CITY REPORT
MUMBAI OFFICE MARKET
Q2 2010

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3. CONTENTS
Summary p. 4
Macroeconomic Context p. 5
Mumbai Map p. 6
Central Business District (CBD) p. 7
Extended Central Business District (Extended CBD) p. 8
Alternate Central Business District (Alternate CBD) p. 9
Secondary Business District (SBD) p. 10
Periphery Business District (PBD) p. 11
Rental Values & Capital Values p. 12
Key Transactions p. 13
Key Projects p. 14
Glossary p. 15
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010

4. SUMMARY
Markets continue to gain momentum
The Commercial Real Estate market continue to gain momentum as There is still high demand for commercial office space land in
many new transactions were reported in Q2 2010. The Secondary Mumbai. The key transactions for land in Mumbai included
Business Districts of Andheri and Powai showed renewed interest purchase of 6.1 acres of land by Lodha Developers in Wadala,
from occupiers to take up spaces. The property values however, Mumbai. This land was bought by the developer for approx. INR
remained stagnant in most of the micro markets. It is expected that 4,053 crores (USD 85 million) via a government auction. It is well
many large format transactions in excess of 100,000 sq.ft. will take noted in this quarter that the development companies continue to
place in the next quarter which may push up rates especially in the scout for land for IT/ITES development in and around Mumbai. It is
Alternate Business Districts (ACBD) and Periphery Business District expected that the National Textile Mills Corporation, a Government
(PBD). The demand for office space especially for IT/ITES is picking of India company is likely to dispose two prime lands in Extended
up gradually. Further, the demand for office space to banking and Business District area of Worli and Lower Parel. These mill lands
financial services companies is also increasing. The occupiers also will generate good interest from certain development companies
continued their shift from Central Business District (CBD) areas of who are flushed with liquid funds.
Nariman Point to ACBD of Bandra Kurla Complex and Extended
Business Districts (ECBD) of Lower Parel and Prabhadevi. In the real estate private equity space, the notable transaction was
purchase of majority stake in HCC 247 IT Park by ILFS Milestone
On the development side, many new developments are expected to income fund. The fund paid approx. INR 574 crores ( USD 120 mn.)
be completed in this quarter which is expected to put additional for a 74% stake in the property which is 80% leased to key corporate
pressure on rents and capital values. With increase in FSI on certain like Dow Chemicals, KEC International, Future group etc. In addition
commercial buildings especially in ACBD of Bandra Kurla Complex to this, a few transactions are also reported in private equity space
and other areas of Mumbai, the gap between demand and supply is for mixed use development in Mumbai.
increasing further.
In the upcoming quarter, it is expected that the demand will pick up
and will result in higher transaction volume in the Mumbai
Metropolitan region. However, the leasing and the capital values
will remain the same.
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010 I4I

5. CRR & SLR MACROECONOMIC CONTEXT
10
Rates hiked further. Well calibrated move to manage
8 growth and inflation
Percent
6 The Reserve Bank of India (RBI), which is the central bank of India in its
monetary policy has further raised the CRR, Repo Rate and the Reverse Repo
4
Rate by 25 basis point each. This action by the central bank is seen as a well
calibrated move to balance growth, arrest rising inflation and manage
2
liquidity and currency. It is expected that due to rise in rates, the real estate
0
lenders will also increase their rates especially for construction lending. The
banking sector also moved to a new “base rate” system of lending effective
Jan-09
Mar-09
May-09
Jul-09
Sep-09
Nov-09
Jan-10
Mar-10
May-10
Jul-10
Mar-08
May-08
Jul-08
Sep-08
Nov-08
July 1, 2010, which is expected to enhance transparency in loan pricing,
promote competition in the credit market and also improve the transmission
SLR CRR
of monetary policy. On the credit side, the base rates set by major public
sector banks were in the narrow range of 7.25% -8% Further, the RBI also
announced two real estate indices for residential and commercial rates.
Repo & Reverse Repo Rate These indices are expected to be updated every quarter. However, it will take
10 some time for these indices to be active.
8 The economic recovery gained further momentum with the good progress of
the monsoon which is expected to yield better agricultural output. The last 6
Percent
6 months has seen substantial rise in foreign cash flows and exports. However,
the trade deficit is increasing as imports, especially the oil based imports
4 has risen significantly as well. The economic survey report released by the
government of India just ahead of the union budget announced a GDP
2
between 8.25% - 8.75% for the year 2010-11. However, the various industry
estimates pegs the GDP growth between 7% -8%.
20-Jan-09
20-Feb-09
20-Mar-09
20-Apr-09
20-May-09
20-Jun-09
20-Jul-09
20-Aug-09
20-Sep-09
20-Oct-09
20-Nov-09
20-Dec-09
20-Jan-10
20-Feb-10
20-Mar-10
20-Apr-10
20-Oct-08
20-Nov-08
20-Dec-08
On the SEZ space, the fate of approved Special Economic Zones, which are
Repo Reverse Repo
yet to become operational, hangs in balance with the proposed Direct Tax
Code (DTC) denying tax exemptions to new units in the SEZs. According to the
revised DTC draft, the tax exemptions for the SEZs have been provided only
for the existing units. The new draft clearly mentions that the profit-linked
Gross Domestic Product (GDP) deductions of units already operating in SEZs for the unexpired period (of 15
12.00%
years) will be incorporated. This provision would mean end of new
10.00% 9.30%
investment by promoters, who have received formal approvals from the
9.20%
8.80%
8.60% Commerce Ministry after acquiring land for their projects. The uncertainty
8.00% 8.80% 7.60% 7.90% will affect even the operational SEZs because not all of them have been
7.90%
5.80%
occupied by units. At present, SEZ units get 100% income tax exemption on
6.00% 6.00% export income for the first five years, 50% for the next five years. They also
6.10%
5.30%
get exemption on 50% of the ploughed back export profit for the next five
4.00%
years after the first 10 years. The leading SEZ developers of India especially
2.00% in the IT/ITES space are currently lobbying with the government to reverse
certain decisions with respect to exemption for the SEZ units and it will be
0.00% interesting to see the impact of these revisions of DTC on the decision making
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 process especially of the international corporate occupiers in the IT/ITES
services sector.
Major Real Estate Sales (In INR / In Million) Profits (In INR / In Million)
Companies in Q on Q Q on Q
Wholesale Price Index (WPI) India Q2 2010 Q1 2010
Change %
Q2 2010 Q1 2010
Change %
18.00% DLF Limited 202,853 199,437 2% 41,103 42,638 -4%
16.00% 82,857 113,248 18,004 16,341
Unitech -27% 10%
14.00%
India Bulls 43,371 49176 -12% 13,358 9,427 42%
12.00%
Sobha Developers 31,560 39,950 -21% 3,430 5,570 -38%
10.00%
Peninsula Land 14,831 22,474 -34% 4,996 9,627 -48%
8.00%
Parsvnath
6.00% 25,279 35,489 -29% 3,182 3,472 -8%
Developers
4.00% Pheonix 4,043 3,447 17% 1,826 1,570 16%
2.00% 25,293 37,820 2,172 4,511
Omaxe Limited -33% -52%
0.00%
Mahindra
6,793 10,096 1,448 2,369
Jan-09
Apr-09
Jul-09
Oct-09
Jan-07
Apr-07
Jul-07
Oct-07
Jan-10
Apr-10
-33% -39%
Jan-06
Apr-06
Jul-06
Oct-06
Jan-08
Apr-08
Jul-08
Oct-08
Lifespace
Ananthraj 10,342 3,409 203% 4,585 3,095 48%
Source: Confederation of Indian Industries Ackruti City 17,649 21,731 -19% 4,205 5,420 -22%
Ansal Properties 25,077 21,571 16% 3,686 -633 -682%
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010 I5I

6. MUMBAI MAP
N
ad
ab
ed
m
4 Ah
Sanjay Gandhi National Park
12
7
Tulsi
16 Lake 6 3
14 10
17
9
Vihar
Lake
1
10
3
Powai 13
1 Lake
25 19
4
S e a
PU
11 Sahar Airport 24
NE
(International Airport) 9
ay
w
igh
20 Domestic
sH
Airport
es
8
A r a b i a n
pr
23
Ex
4 15
er
n
st
Ea
15 13
16
2 3 5
1 6
2
k
22
lin
ndra Worli Sea
11
14 8 12
2
Ba
26
7 7
18
9
21
3
4
5 5 Butcher
1 8 Island
6 Elephanta
2 Island
1
7
8 2 Chatrapati Shivaji
Terminus (CST)
6
3
9
Periphery Business
5
District
4
1. Airoli
2. Belapur
3. Dombivali
Central Business 4. Ghansoli
District Extended Central Secondary Business 5. Jui Nagar
Business District District 6. Kalwa
1. Breach Candy 7. Kalyan
2. Chatrapati Shivaji
Alternate Central
1. Girgaon 1. Andheri 10. Jogeshwari 19. Powai 8. Kharghar
Terminus (CST) 2. Grant Road Business District 2. Bandra West 11. Juhu 20. Santacruz 9. Koper Khairne
3. Churchgate 3. Lower Parel 3. Bhandup 12. Kandivali 21. Sewri 10. Mumbra
4. Colaba 1. Bandra
4. Mahalakshmi 4. Borivali 13. Kanjurmarg 22. Sion 11. Nerul
5. Cuffe Parade 5. Mumbai Central 2. Bandra East 12. Panvel
5. Byculla 14. Kings Circle 23. Vidya Vihar
6. Fort 6. Pedder Road 3. Bandra Kurla 6. Chembur 15. Kurla 24. Vikhroli 13. Sanpada
7. Malabar Hill 7. Prabhadevi Complex 7. Dadar 16. Malad 25. Vile Parle 14. Thane
8. Marine Line 8. Tardeo 4. Santacruz East 8. Ghatkopar 17. Mulund 26. Wadala 15. Turbhe
9. Nariman Point 9. Worli (Kalina) 9. Goregaon 18. Parel 16. Vashi
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010 I6I

7. CENTRAL BUSINESS DISTRICT (CBD)
No major activity is recorded
There is not much activity in the CBD of Mumbai as no prominent
transaction was recorded in this quarter. There are a few small
format leasing transactions being reported mainly, by banks and
financial institutions in Nariman Point area with the reopening of
the Oberoi Hotel and Taj Mahal Hotel. The business activity in the
area has increased.. It is expected that in the next 6 months, the
occupancy in good quality buildings will improve.
The demand for large format space is slowly shifting to ECBD and
Rental Values (INR / sq.ft / month)
400 ACBD. However, there are still 2-3 ongoing enquires of 100,000 sq.ft.
350 of space in this area which can reinstate the sentiment of this region.
300
250 The average headline rentals & capital values for the last 6 quarters
200 are as follows:-
150
RENTAL VALUES ( INR / SQ.FT / MONTH)
100
Q1 Q2 Q3 Q4 Q1 Q2
50 2009 2009 2009 2009 2010 2010
0 Ballard Estate 275 250 250 250 250 250
Q1 Q2 Q3 Q4 Q1 Q2
2009 2009 2009 2009 2010 2010 Cuffe Parade 225 200 200 200 200 200
Fort 150 150 150 150 150 150
Nariman Point Ballard Estate
Nariman Point 350 325 325 325 325 300
Cuffe Parade Fort Source: BNP Paribas Real Estate, India
50,000
Capital Values (INR / sq.ft)
40,000
30,000
20,000
CAPITAL VALUES (INR / SQ.FT)
10,000 Q1 Q2 Q3 Q4 Q1 Q2
2009 2009 2009 2009 2010 2010
— Ballard Estate 35,000 35,000 35,000 35,000 35,000 35,000
Q1 Q2 Q3 Q4 Q1 Q2
2009 2009 2009 2009 2010 2010 Cuffe Parade 30,000 30,000 30,000 30,000 30,000 30,000
Fort 22,500 22,500 22,500 22,500 22,500 22,500
Nariman Point Ballard Estate
Nariman Point 40,000 40,000 40,000 40,000 40,000 40,000
Cuffe Parade Fort Source: BNP Paribas Real Estate, India
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010 I7I

8. EXTENDED CENTRAL BUSINESS DISTRICT
(ECBD)
Supply outstrips demand
There are new commercial projects on the verge of completion in
this area, which will put downward pressure on rents and capital
values. The new developments however also offer modern real
estate with large floor plates and a choice to scaleup within the
complex operations.
400
Rental Values (INR / sq.ft / month)
350
300
250
The average headline rentals & capital values for the last 6 quarters
200 are as follows:-
150
RENTAL VALUES ( INR / SQ.FT / MONTH)
100
Q1 Q2 Q3 Q4 Q1 Q2
50 2009 2009 2009 2009 2010 2010
Lower Parel 180 180 180 180 180 180
0
Q1 Q2 Q3 Q4 Q1 Q2 Mahalaxmi 150 150 150 150 150 150
2009 2009 2009 2009 2010 2010
Prabhadevi 250 250 250 250 225 225
Worli Prabhadevi Worli 300 300 300 300 275 275
Lower Parel Mahalaxmi Source: BNP Paribas Real Estate, India
40,000
Capital Values (INR / sq.ft)
35,000
30,000
25,000
20,000
15,000
CAPITAL VALUES (INR / SQ.FT)
10,000
Q1 Q2 Q3 Q4 Q1 Q2
5,000 2009 2009 2009 2009 2010 2010
— Lower Parel 18,000 18,000 18,000 18,000 18,000 18,000
Q1 Q2 Q3 Q4 Q1 Q2
Mahalaxmi 15,000 15,000 15,000 15,000 15,000 15,000
2009 2009 2009 2009 2010 2010
Prabhadevi 25,000 25,000 25,000 25,000 25,000 25,000
Worli Prabhadevi Worli 30,000 30,000 30,000 30,000 30,000 30,000
Lower Parel Mahalaxmi Source: BNP Paribas Real Estate, India
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010 I8I

9. ALTERNATE CENTRAL BUSINESS DISTRICT
(ALTERNATE CBD)
The favorite destination
There is a major shift of demand especially from international banks
and financial institutions to Bandra Kurla Complex and adjoining
400 areas of Santacruz East (Kalina) and Bandra East.
Rental Values (INR / sq.ft / month)
The region has world class projects like Maker Maxity which is
350
attracting attention from the top end international commercial
300 occupiers. Other notable projects which attracted attention include
Platina and upcoming projects like First India Financial Centre and
250 The Capital.
200
The average headline rentals & capital values for the last 6 quarters
150 are as follows:-
100 RENTAL VALUES ( INR / SQ.FT / MONTH)
50 Q1 Q2 Q3 Q4 Q1 Q2
2009 2009 2009 2009 2010 2010
0
Q1 Q2 Q3 Q4 Q1 Q2 Bandra - Kurla
2009 2009 2009 2009 2010 2010 250 250 250 250 300 325
Complex
Bandra - Kurla Complex Bandra East 175 175 175 175 175 175
Kalina Kalina 200 200 200 200 200 200
Bandra East Source: BNP Paribas Real Estate, India
40,000
35,000
Capital Values (INR / sq.ft)
30,000
25,000
20,000
15,000
10,000 CAPITAL VALUES (INR / SQ.FT)
Q1 Q2 Q3 Q4 Q1 Q2
5,000 2009 2009 2009 2009 2010 2010
— Bandra - Kurla
Q1 Q2 Q3 Q4 Q1 Q2 25,000 25,000 25,000 25,000 30,000 30,000
Complex
2009 2009 2009 2009 2010 2010
Bandra East 17,500 17,500 17,500 17,500 20,000 20,000
Bandra - Kurla Complex
Kalina Kalina 20,000 20,000 20,000 20,000 22,500 22,500
Bandra East Source: BNP Paribas Real Estate, India
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010 I9I

10. SECONDARY BUSINESS DISTRICT (SBD)
Demand is coming back
This region has witnessed renewed interest from commercial space
occupiers. The developers are now offering flexible commercial
terms which is attracting several occupiers to take up space in this
area. However with the increasing supply, there will be downward
180 pressure on property values. Powai and Vikhroli still remains one of
Rental Values (INR / sq.ft / month)
160 the favorite destinations for occupiers.
140
The average headline rentals & capital values for the last 6 quarters
120 are as follows:-
100
RENTAL VALUES ( INR / SQ.FT / MONTH)
80 Q1 Q2 Q3 Q4 Q1 Q2
60 2009 2009 2009 2009 2010 2010
40 Andheri E 120 120 120 120 120 110
20 Andheri W 110 110 110 110 110 100
Borivali 50 50 50 50 60 60
0
Q1 Q2 Q3 Q4 Q1 Q2 Kurla 65 60 65 70 70 80
2009 2009 2009 2009 2010 2010 Malad 90 90 90 90 80 80
Vile Parle Malad Powai 90 90 90 90 90 90
Andheri East Vikhroli Vikhroli 65 65 65 65 75 75
Andheri West Kurla Vile Parle 120 120 120 120 120 140
Powai Borivali Source: BNP Paribas Real Estate, India
18,000
16,000
Capital Values (INR / sq.ft)
14,000
12,000
10,000 CAPITAL VALUES (INR / SQ.FT)
8,000 Q1 Q2 Q3 Q4 Q1 Q2
2009 2009 2009 2009 2010 2010
6,000
Andheri E 12,000 12,000 12,000 12,000 12,000 12,000
4,000
Andheri W 11,000 11,000 11,000 11,000 11,000 11,000
2,000
Borivali 5,000 5,000 5,000 5,000 6,500 6,500
— Kurla 8,500 8,500 8,500 8,000 8,000 8,000
Q1 Q2 Q3 Q4 Q1 Q2
2009 2009 2009 2009 2010 2010 Malad 9,000 9,000 9,000 9,000 9,000 9,000
Powai 9,000 9,000 9,000 9,000 9,000 9,000
Vile Parle Malad
Vikhroli 6,500 6,500 6,500 6,500 7,500 7,500
Andheri East Kurla
Andheri West Vikhroli Vile Parle 12,000 12,000 12,000 12,000 12,000 13,000
Powai Borivali Source: BNP Paribas Real Estate, India
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010 I10I

11. PERIPHERY BUSINESS DISTRICT (PBD)
Good demand from IT/ITES sector
There is a good demand for SEZ projects in this region. Many large
format occupiers transacted more than 1mn sq.ft of space in the last
6 months. It is expected that the leasing and capital values in this
region may go up by the end of the year.
80
Rental Values (INR / sq.ft / month)
70
60
50 The average headline rentals & capital values for the last 6 quarters
40 are as follows:-
30 RENTAL VALUES ( INR / SQ.FT / MONTH)
20 Q1 Q2 Q3 Q4 Q1 Q2
2009 2009 2009 2009 2010 2010
10
Airoli 35 35 35 35 40 40
0
Q1 Q2 Q3 Q4 Q1 Q2 Thane 40 40 40 40 40 40
2009 2009 2009 2009 2010 2010
Vashi 65 60 60 60 60 60
Vashi Thane Airoli Source: BNP Paribas Real Estate, India
8,000
Capital Values (INR / sq.ft)
7,000
6,000
5,000
4,000
3,000 CAPITAL VALUES (INR / SQ.FT)
2,000 Q1 Q2 Q3 Q4 Q1 Q2
2009 2009 2009 2009 2010 2010
1,000
— Airoli 3,500 3,500 3,500 3,500 4,000 4,000
Q1 Q2 Q3 Q4 Q1 Q2 Thane 4,000 4,000 4,000 4,000 4,500 4,500
2009 2009 2009 2009 2010 2010
Vashi 6,500 6,000 6,000 6,000 6,000 6,000
Vashi Thane Airoli Source: BNP Paribas Real Estate, India
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010 I11I

12. RENTAL VALUES FOR Q2 2010 CAPITAL VALUES FOR Q2 2010
CBD CBD
Rent Q on Q Q on Q
Region Region INR / sq.ft
INR/ sq.ft/ month Change Change
Ballard Estate 250 0% Ballard Estate 35,000 0%
Cuffe Parade 200 0% Cuffe Parade 30,000 0%
Fort 150 0% Fort 22,500 0%
Nariman Point 300 -8% Nariman Point 40,000 0%
Extended CBD Extended CBD
Rent Q on Q Q on Q
Region Region INR / sq.ft
INR/ sq.ft/ month Change Change
Lower Parel 180 0% Lower Parel 18,000 0%
Mahalaxmi 150 0% Mahalaxmi 15,000 0%
Prabhadevi 225 0% Prabhadevi 25,000 0%
Worli 275 0% Worli 30,000 0%
Alternate CBD Alternate CBD
Rent Q on Q Q on Q
Region Region INR / sq.ft
INR/ sq.ft/ month Change Change
Bandra - Kurla Bandra - Kurla
325 8% 30,000 0%
Complex Complex
Bandra East 175 0% Bandra East 20,000 0%
Kalina 200 0% Kalina 22,500 0%
SBD SBD
Rent Q on Q Q on Q
Region Region INR / sq.ft
INR/ sq.ft/ month Change Change
Andheri E 110 -8% Andheri E 12,000 0%
Andheri W 100 -9% Andheri W 11,000 0%
Borivali 60 0% Borivali 6,500 0%
Kurla 80 14% Kurla 8,000 0%
Malad 80 0% Malad 9,000 0%
Powai 90 0% Powai 9,000 0%
Vikhroli 75 0% Vikhroli 7,500 0%
Vile Parle 140 17% Vile Parle 13,000 8%
PBD PBD
Rent Q on Q Q on Q
Region Region INR / sq.ft
INR/ sq.ft/ month Change Change
Airoli 40 0% Airoli 4,000 0%
Thane 40 0% Thane 4,500 0%
Vashi 60 0% Vashi 6,000 0%
Source: BNP Paribas Real Estate, India
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010 I12I

13. KEY TRANSACTIONS
Q2 2010
Space
Building Occupiers District Location
(in sq.ft)
Express Towers Wells Fargo 6,500 CBD Nariman Point
Udyog Bhavan Oasis Consulting 3,500 CBD Ballard Estate
One India Bulls AMFI 6,000 Extended CBD Lower Parel
Windsor First Data 6,700 Alternate CBD Kalina
Platina Wachovia RE 3,000 Alternate CBD Bandra Kurla Complex
247 Park Siemens 100,000 SBD Vikhroli
Canon Rustomjee Natraj 15,000 SBD Andheri East
Amway Rustomjee Natraj 15,000 SBD Andheri East
Boomerang GPX 35,000 SBD Andheri East
Cepla Raj Plaza 20,000 SBD Vikhroli
Qube Kingfisher Airlines 60,000 SBD Andheri East
Supreme Business Park Fullerton India 60,000 SBD Powai
Boomerang Heurtey Petrochem 30,000 SBD Chandiwali
Kalpataru Square Llyods Register Asia 21,500 SBD Andheri East
Kalpataru Square Indofil Chemicals Company 10,700 SBD Andheri East
Leela Business Park Torm Shipping 20,000 SBD Andheri East
Mindspace Karmic Labs Pvt ltd 11,300 PBD Airoli
Dosti Pinnacle Tata Motors 6,500 PBD Thane
Sun Infotech Park India Infoline 115,000 PBD Thane
Dosti Pinnacle Façade India 6,500 PBD Thane
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010 I13I

14. KEY PROJECTS
New Supply – Year 2010
Space (in Completion Date
Building Location Micro Market
sq.ft) (expected)
One India Bulls Centre Lower Parel Extended CBD 700,000 Ready
India Bulls Financial Centre Lower Parel Extended CBD 500,000 Q2 2010
Cynergy Prabhadevi Extended CBD 400,000 Q3 2010
Peninsula Business Park Lower Parel Extended CBD 1,300,000 Q3 2010
Wadia Plaza Worli Extended CBD 400,000 Q3 2010
Sheth Developers Prabhadevi Extended CBD 350,000 Q4 2010
Cresenzo Bandra Kurla Complex Alternate CBD 577,000 Ready
Grande Palladium Kalina Alternate CBD 150,000 Ready
Ackruti Iris Andheri East Alternate CBD 700,000 Q1 2011
Pooja Constructions Bandra Kurla Complex Alternate CBD 160,000 Ready
Ackruti Gold Bandra Kurla Complex Alternate CBD 100,000 Ready
Rustomjee Natraj Andheri East SBD 286,000 Q2 2010
Silver Uthopia Andheri East SBD 400,000 Q2 2010
Rustomjee Aspire Sion SBD 124,000 Ready
IT Park, Ajmera Andheri East SBD 1,100,000 Q2 2010
Supreme Chambers Andheri West SBD 240,000 Ready
Ackruti Star Andheri East (MIDC) SBD 400,000 Q2 2010
Boomerang Chandivali SBD 1,000,000 Q2 2010
Western Edge Borivali SBD 400,000 Ready
Ruby Dadar SBD 1,000,000 Q4 2010
Suntech Grandeur Andheri West SBD 100,000 Q2 2011
Reliable Tech Park Airoli PBD 1,000,000 Q2 2010
Mindspace Airoli PBD 600,000 Q1 2011
Amruta Thane PBD 42,000 Q2 2010
G Corp Tech Park Thane PBD 700,000 Ready
Mindspace SEZ Airoli PBD 600,000 Ready
Gigaplex Airoli PBD 300,000 Ready
Nitco Business Park Thane PBD 170,000 Ready
CITY REPORT
MUMBAI OFFICE MARKET - Q2 2010 I14I