Should you buy real estate in mumbai ?

1. A perspective by (/1 ) V Ll: W 47 » L ‘’’-3i'‘’ 7‘ 2:‘ prep-aied byCc'i*ce"Ban1:erPIIncIpl-2d R-22"; Each O‘’: :- is’ legs: is’ , 0 +1‘ SO_ce"; '2d

2. COLDIIIQL IANKBRD SHOULD U BELIEVE ILL iHE EDI/ l HIE r . "Iii I I 'liiI«: l*l(‘<I. 'I). Ii("l’nIi~: S PRINCIPLED REALTY l/ lUMBAl REALTY I: _ Ti? MARKET HEADED FOR A , . A I ‘ IT'S __ CORRECTION, FINALLY , ‘ . "' llli I . ' K I um I Pull lslu (3 I, l p l A m'| u-lsinu 7- , .» redlff. __. .'_. . ‘I o-ml rip 2!’ ' ’ . _ Mumboi Property Prices _7.“- _ ‘ii’ . . . r ’ ’ Moy Foi| by’Upio 20% y I j-K? ! . I ' -‘I‘. ‘;'i‘a‘. S‘. |! S! !! _. -A‘ l. ' f ‘ “ V illl. ‘lli‘§S SiIIilzII'( E H D I MumbaiReaiEsiaie I "ma "W5 1-‘ _ Markeisseifora I I should wuitfnr} : prices to full. .. I ‘. ”5~‘ ’) A . J / I '-. < , ‘<, ~. - 2’ correciion! ‘hOil: ; 1 '73‘ 2* '. Va"? ‘~. '7‘ ‘AA

3. l7rices have moved begond aFFordabilI‘l'g levels Aclual : z;‘m*S are i2f~TBLzE lg? i. ;«: c~. ’f~r: .‘ are aclivg Builders are cash sli~af>; ;ed — llieg will have To sell aTa discounl‘evenl'uallg PRINCIPLED REALTY Uiisclrl ST-: .cl<_ of Flal”; in l‘, lJH‘. l2C<| is aTan all The lzlgli Olher Invesfmenl‘ Oplions like Slbcks F‘ « ol‘l‘er be‘ relurnsg

4. ‘ ‘ PRWCIPLED . A i ' ' ‘ REALTY . -. P . ?.. =«‘**. ~ c: iv‘é$. ‘-9:? .14" ‘ . of. -shed by ' +18 on 9.esidwtia: "—rices ' unbai rebased to “O90 base ‘:00 f Smcny Private 8 Cnnﬁilenlial infmxanon prepared to Caldwell Banker Pmczplea Realty Each Office LE | ndemnderllfy Owned G Operaied

5. COLDUIBLI. BANKER la .12 . . , _ _ _ — ‘ w. ..

6. " ITv/ ould Take 68 gears for an average Mumbaikarlb buy a A MERE flal‘in Mumbai cily based on his annual income 5‘l'AT1STIC? ‘!? 7 Mumbaikar PRICES IN MUMI5/ll HAVE GONE UP s: .=°'. .e. .-ea Bwoiv AEOKDABILW LEVEL ? z‘ 3 - . »ER 1 - . ‘ pricesin . MULTIPLEQ‘ Mumbai YES IT IS EXPENSIVE. BUT IT HAS ALWAYS BEEN SO ! AT AVERAGEAFFORDABILITY LBIEL BECAUSE. .. flue Average includeslhe populaiion of Mumbai living in slums which = Hisforic dala shows liiafliie large economic opporilimi I commercial capilals lilw MUMBAI persisfenflg keep The average lhese cilies far beyond al"l"ordabililg levels offlie average buyer. .. Smdiy Pnvale 8 Confldenual infonnaxion prepared by Coldwel Banker Prrujfied Realy, Each Office IS lndependemiy Owned 8

7. gm IINSOLD STOCK of rum IN %°. h°. t"e%'-it . MUMfiAI, ..i IIT IN ALL iiiie HI6H! /1 A . ‘ / 4.; V. --' Qfifififififlfi -~"i3 A} New project launches have den c ose to an all time high last 5 years an 3;; _ so have dela s in projects delivery. .. ' .1 ill; The unsold stock include all the under—construction llats; which ma take ears to he delivered i - Further, take away certain areas such Central Muriihai, .-lhanle andzextended Mumloai areas such as Virar, Kalyan etc. which are clear oversupply zones -ll-ll: _N The net liveal2le'stcél< olllats in the rest cl Mumhai does not look as alarmingly high , hi : Then lhere/ was a man who drowned while. crossin a slream Willi an average. doplh ol sir inchesj - ii, i.t. i.i. . S"= .:‘ , Pi 2 8Cc*f‘. = '3‘ i. ‘:r, ' 1' : " p: e;a: e;I by Cnidii e" Banker Pnncipfj-2d Re= ‘y Ea_c. “i Cff': s~ IS ‘ ; ‘~: ;,»e'f= ', 7 ~, -i : grazed

8. niiivtrs win it force T SIEL Igisc UNT EVENIUNLL9 “A F: . I.-". .-. _ .1‘. -. _ Mumbuihuilder community ‘ Non-Brandod Developers Cafegorized as ihe esliiblished developers A '-. .J 3" Localized developers and unorganized plagers who have buill‘credibi'lilg overliie gears wilh ' V ' doing redevelopmenfiind operaling on ‘lhe 3 ", A a large pipeline of upcoming projecls _ _, oulskiris and far flu , suburbs of Mumbgi T” ‘. I - : ‘ ‘‘. l'. ‘- _, I . . L " ‘ fun ‘I ' . - is-E a. I ; r " , Yes, their liquidity conditions are poor but. .. , / | I|| ||: E curs mi: s[| _£| :nvE| _v PIISSIBLE THEY “"5 | "'“| ‘5lV W W53 WT "'33 BIIT siiiiiim ii BIIYEII BE miiins T| -Ill5E 1: ‘T’ - fig havefawess To Iiquiififii "W banks» i-wiihfim a - . . - Mosfavailable discounts are likely ‘lb be in iiie high Pm °q"' 9 , . oversupplg zones; wilh no price appreciaiion poleniial in I ’. r° ‘ V‘ I ' f-+1‘ - Ifafall iheg discounflheir prices; irwiil onlg be for .2» "‘°"'"'“ '°'"' -, bulk sales 16 Mir regular serofhvesrors/ i"sfifi‘f°"s - Price discounls are mosiig available in pre-launch / , , ~; "t‘iir 'iswhich'l"und'l"or1'1‘_ -, -Aug cuisefi’ecfiiieirabi1iig1oupsell1heirfiifuie ; o;, ;;9f,5;r; skms; j,q‘ge'; ,9S, n:9;m; ,°; ;o: ‘°'” . - M-, __ large gipeline iii’i, nves1'ors/ users 0. C fxgv g V . I . a ’. _ & ‘ ' . . ° ’ I- ‘ T - ' '. _ ‘ A . ‘s Aw i 1. -, Tstncfly rrhaie 8 cmodgp infcrrriainipiepaied by cbioweii Banker Pnficipled Each Office IS Independenti, ‘ owned 5 Operated

9. ONW INVESTOKS ARE s°, .:. °.z"e%~. s ‘W N“ 4 EWING IN MUMEAI ? As per es1ima1es,1he consfiliflion of 1612:! purchases bg 'Inves1brs' in The Mumbai markef V -. v—’ M. ». g_ r '. ,:- , .5! " -‘ . - Mal": .u1 '~w. w.; .s. ~m'1[g I 'm. ~:m ‘fi 'rmfi'" mt. " 33:: '31:‘ L -9 , ,7 «'4' __, gw. C J, Invesibrs glag ahcrifical role in bringing srabnrrg m in real esmz». mafikefexcepffor me occassional shorf-ierm panic bg The unseasoned invesibrs Theg rovide a financing Organized invesfbrs sfregm 16 me builders “Egg :2 r': TE: “E; al: ;?: :1::1i9 such as real esfifle insfead ofihem doing invegmenk in Mumbai mu. funds provide anoiher disfiess sales which a X‘ 55% of-me" ma. 9 verg sfizble source of desiabilizes The markef PP investments financing S P" ‘a 8 Cc ; :': p4:; ,a. 'ed by Cc’i. -.5?’ B.11.? .et PI| HCép: :3d Raga, ’ E. a;h O">e1s 1 Sagan: ,0 -218 C, ,:'a‘2;!

10. . om OPTIONS wiii nii i5ETiEK §°. h°»l”e%'$ KETUKNS iii/ iN 1 u fl A The reliirns are highesl’ ' ‘ for Mumbai real esTi1T‘e 8. - T 4‘ ' ' 7’; ' wilh leasfvolalilllli Wiih , The excepTion of FD's viii. ', ?3v-Q51: - , ..a. 03' I 542 4'1) -. ' ' V7 >4cJ. ‘_ )4 21M * ii. _ "‘ -"'~' . lg? 45 L~. J A-. .L. l V 4 43499 ' ‘ 3288 ) 6575 65B 57374 17°‘ ’ zc. / _ Sfocks would probablg ofi"er heifer reiizrns inThe shorT'T’erm however The abililg of The inveslbrs io sil‘ Through The volalililg will hamper achievemenfof reliirns. Even wilhoufconsidering The Tax exempiionsiind Theavailahililg of cheap financing for real esT21Te purchases bg an individual Mumbai Reaflggwouldcfonlinue To achieve superior reTi1rns going forward'on a long-Term basis wilh leasfvolaiilily . . S‘1‘. A‘i, ‘:‘l. A.. -5 3 LC ' 3%’ ‘P’ fl; m‘3‘ J; ‘jaisd bv0:1a. 'eY"E‘. n 32:12 P: :nc1;I3d E6; , Earth C ' :9 as I": d-. ';c. .- 734' , v_~ .1-‘CF C-i’--? .'E. ::1

11. PRINCIPLED REALTY I l {ll Al V. ‘. " hxl" . .‘ nit l K‘ ‘ if . n 3' '1 it « 2 f 1" V _ . ' , in I _ . ‘_ 1 I . ,-V. . ' (I : ‘”, _,l ll ll &_ , ‘T

12. INTEREST RATES ARE AT mi s°. i.°. :”e%~. s I5E6!NIN6 of A_ DOWN chat . ‘ . ' a ‘I -- -1--. . -v | T T ' #. I , I l l . , - , ,$ai1 'a 0.5 . % gerceniage cui~i: ;1‘ra'tes motivate 1- someone looking to lgruva house ? ? / 9 '1' | l _—~ ‘_ . ¢-——-’ 0' _ however, The Turn of The inT‘eresT‘raT‘e __.3- le downwards has several efi’ecTs: 2" llrlisibric dala shows a Irgms Patna‘ IT‘aids developers in sT‘rong co-relaTion of confidence ma en, °l'e“Pe" 8* ‘"99" reducing inTeresT‘raT‘es EMI‘s are going To own °°"srr"cll°"f fi"‘"'°l"9 and increasing real ‘ and "o1.upu_ Cr“ 9 a from loanks/ msiiliaiions - ‘thereby V Posme impacron Th ir their finfmcial improving confidence of Cowman 15 buy 9lab'lll9.°"d_ P"°)9¢T The invesibrs d9l"’9"99 . . . _ T J T , S“’: ", P'r.1: 3 C. ." . .~: 5’ "r)r"‘: ' grv p= 's«; :-Jed by Co‘awe Bam. eiPnnc1pled R2: '5‘, Each C‘ as as ‘i-3': -”; ; , t; £18 C; s'1:ed

13. i . < N 7i {ii lili W ill ‘ill J Jr ‘l“ll flTT T . r‘ “N A W“ W‘, (~ it‘ ief i‘2r4_‘ r~ ~31}: H’ = =~ hm -, TT'L1ll‘. l‘~. ‘ if Hill‘. i New Real Estate Bill as and when implemenfed will add large Time andTcosT‘brTrrd developers; Theg will need 1?) pass on Those cosT‘s To consumers «: ;~, x~“ - T‘? The redevelopmenfol’ smaller size plols (mosﬂg prevalenT‘ in The suburb ) is alm nonvialole now wilh new regulaiions - il‘will curfail supply inglhose amcas. .. i. ‘ ‘YE _, re. ~ ~ )0, . ,’‘> i (O l 1 T C. ovT’. 'PremiumS / TDR cosTs are up 50%+ as per new Regulaiions; cosls will pass on To The consumer; . .,. ___, , 5:‘ ‘T-‘. ";—~. -_ L’ T . .._~ . ~ ' '/ Coslol’ consl”ruclion is moving up sulJsT‘anT'rallg due Tb labour/ maT'erial slur o _ . r _i. .. it g, -1“: ’- g "" - . . ‘ ' ‘T? ".7 - . New regulaiions while increau, : *' -3|i_T; .Tl-eT:3 ‘cl/ ell 1.. “ct. T FSI; hence The cc; -.7 We 5 ' T r ‘ " . -, - , ir;17'_;7F! I > J: nu < T : ,»'- . .. mu. 3: v-K7. é en on The T" 05;"

14. T’ '1-r r’ - T ‘if i; Ii fl” ‘. wag; . )“l| "‘ 7.. . _ C: -V7 J ‘» _T~_-_‘_ ‘_ _ L l _ 1 _ ‘ _ Q PRINCIPLED ‘ ‘ ‘ REALTY S€V€RHLSM}ILL/ l.. HI<[. { HIGH IMPHCT R€I-‘ORMS Hm/ e BEEN uNDeRTAKeN BY THE . cv covr. IN TH€ PHST 12 MONTHS A- I. ) '_:5_; _(»a1r'r_[’f: _i, _'§£_. .I; i'ri: «:I, ::f‘i: ,lé"-3'rc: em, (:1m1.f J. ‘ : " ‘m i 7: ! T_l; x‘T. ‘«". f.Tjt= -;;2<: ,ri 5:4an: <T! mime_r: .:1I: *': ::; rer_:1=: f!a! E_I£. :i‘. :1a7f£J ‘3*! l€I_il£, .f: JL. '.CT’! -‘lllllﬁelz-T Im’, :,r= ;ai: »:r, cer~t. rnr: - v‘ . ‘:". ,,. T" l . T, __T: '~ --"T “ Pg in . p_. _;” __T‘, -‘ T. , ~. .. ‘A , . “'9 _: G ‘A 1 . _». ‘,‘>‘ , -.‘_ ; _ “-1 (4 “J I TT T T " - L. “-'-3"’-T‘337;"-1"‘"f£lT-'»'l""-§-T'; ‘I"- - , . a T ‘ R 2TTTi h g . "T, :_r: "_i_(: i.~m; :."me _li'r, |."_i, (“Yl3M_l= I,u". " ei. x‘_,1l7.cL: ;_2bI§: §£i', r:""’ ‘ 3 ‘ ' ’. 'mr. '1I, tru1:1:: "21r. a;': r~‘r: ,I: s,. : , m:: :n'rr: "!. ! ’r; r"I): uv1=ir'3I=1"v‘- , 'i I 91; K 1 } / ‘'''T. T»-'‘ T; 2 . - T-Ti-~= pi . T ‘ >7-‘. J.. ‘{. : . o:1o-_. f “: r’>K‘ ’. .. , l mu. A7,“. :~ v 5‘ w ": V :1 an in u [u

15. E ' -. - / ﬂi‘ EIISTGRN 5"W€ST€RN: f{IQHWHX£ONN€CTORS % I LI n INLK/ LSTKUCTUKE PEVELOHVIENT IN s°. '.-. °.: ”e. °.~. s- MUML5/LL WILL PKIVE WICES. .. Execuiion of Planned Infrasfruciizre Project: Across Mumloai Over The Nexi‘ Few gears VIM! Furiher Improve Conneciiviig 8. Livabililg. Real Estate Prices In Areas Positively Impacted By The Developments WI" Outperform other Areas. .. COHSTHLROHD CONN€CHNGNHRUWHN? OINT TODHHISHR .4 kg Cjoneanom Tof1Vl’g_ILI11§ID. /*BKc T0 SION _4rlZ$ <-. - ~s. -’ —~ L‘ ” . ’N<-3ii7"1’ItHses OFM€TRO_S‘MQ; IOR}IIL M ——_: e; -- V I Jr P ‘. .. .;. .=, —i ! ‘J “V -f _ ' I. " , -1 h I I‘ . Izvggnovev CON1I€C1'IVI'I'YTO'BlISIN€SS'DISTRICTS - . —,-, ‘ '. u;a'. j» r; +,a_N —.8MeR'GeNce ()_1=’1_I5:__jlI’BtIs11I<-: ss’DIs1'1z1cTs “~‘e: ;'—. ‘ , _, T/ / ,1 S"wcIly Prr». aI¢‘~{; ’:: ;1r3‘rII*3' “air 5.‘ :5 gve; -Ere} E, C: '* 5 Ba"»5' Prlragéd R61‘, E52‘ C"‘: e :5 ‘Inference’ , "EO‘. Wed 8 Operahad

16. K4.‘ _, ,r E K ‘ »~IIs; I»«I: ‘:rI iI; I:‘*’I E III xv. » Ir E II I ; ; ‘, . : —* . ,«l—«‘) ! lL. I L “L-L“ , . - . _|. ' ‘I ~ “ll ’I. w.£! ; , “T ‘ I VacanT"PloT‘s availabililg in . , Mumloai cilg limil"s is scare “«’'x}: ’;3_ ‘ RedevelopmenT'oF exisling buildings is The prime 1 source of residenlial supplg in The developed areas oflhe cilg Redevelopmenlbf old buildings is a consensual Time consuming process. -.TT: erelog alwags sfaggering supplg of Fresh sTock. . New Regulalions have made The economics of redevelopmelifnonviable for developers-wl1icl1 will Fur-Tlier 1" eFfecT‘supplg. .,

17. r‘ > MUML5/LI KEM/ TINT TTIE COMMEKCI/ TL s: ..*°. :a. .°'e PIT/ TL of THE COUN V0000 KhTQWi§lfiBOUT MuMe: ;AI. .. ; ; CIPLED ALTY . 1:, ‘ iv". - 1: ’ -1 . ~, -- TTTUITTBHI HCCDUITTS FOR 48% mumflm Hcmums FOR 55% OF THE UHLUE OF "' L OF THE COUllTlTY'S FURETGTT 33% , of THE mm ESTHTE ' RETTLTY TTTUESTTTTELTTS B‘? ,_‘*. _i_: ’ -:3-_ "Hrs In THE cgunmu '3’, TFTHDE Ei IS THE BTTSE OF T73 . _—. _x THHTTSLTCTTULTS Ill TELE _. _ O‘ ’ ‘V _ _‘ P “ HHE DOM m mUmBH| UUT UF TU? 595 C0lllP. ilTlES _ . I . . LITLTTTTFW _. ,;;1 . ;‘§. p _ —_ . ., p m mmq . I, v , '. -_‘ =4.. . . >' ~ . ~ ~. , » ' v - - _, 7 of Tor'mnercialAcT‘ivilg ol’The largesl‘ . '_ '“ -. ¥-. - ndf'TisT’ ' ' ' fThe orldlll L / economreso w '_ The oily is burdeniwilh a perpeliml demand for residenTial spaces creafed by The businegofenlial and The resullitnfjob opporlimlies These drivers also cilg The mosT'liquid real esT2zTe markeT‘in The counfrg allracling hordes ofinveslbrsl users to The markei‘ In VT - _ Paivfl scafliemd iniormahon prepared by Caldwell Banker Principled Realy Each Offne IS Independently Owned 8 Operated

18. .47‘ I"l*LTI'IlE"II ‘TlI’fIf5:‘; ‘,l"*rl" 4 7 lII‘Il*'}IIi II : * . . » v PRINCIPLED ‘ ~- ‘KL“I'. “J“l REALTY Mumbai ciT“g despiie having a land area of Sq. :‘i1 bulk oFThe area under reservalions. porT‘T”rusTI sali‘ pans, forest? eiem. . >< As a result The mosTpopulous cilg in India; Mumbai has onlg 74 sq. km of MT‘ area available For resideniial deuelopmenif This makes Mumbai The mosfdenselg populaTed ciTg in The world! !! The Topographg of The cilg backed wilh The consT”rainT‘s of The coasTal regulalions make reclamaiion of land impossible Therebg pushing developmeni‘ onlg Eurlher norThward. ... _ 1 ~ :7 _ ' '> ~ . » ’ ‘ T ‘4, ' rfir 7 _ _ , J ‘_ I I '

19. s'*. - OUK RECOMMENDED EIM STK/ lTE69.. '. " . - , .. ,1 . - 4 . .u; I «fr . ,4 ~- -. __; ..__ . - “ ac. » -- '_, . . _ . . . . - ' -' ' v ; 9 I‘ ' . — u . I . . . , . . -0' ' .0 _ n ' _,4o - _‘ 0 g . O‘ ' 4 ‘ a. 5 T T L ’ T COLDIIIC-ELL BANKGR I3 V£ : O1l I -- on. .. . sq- --: '. v u -I V

20. ome nipeis from our vrchase slmie Ian For an investor, identification of the llrea for investment is the key; The difference TOQTTNQQII The average reiilrns earned from invesiing in Mumbai Real EsTaT22 and The reT‘urns from The Top 5 performing areas in Mumbai is ~ _ T5% in The pasT‘5 gears ! !! Call us for a customized presentation V‘¢T: n the ‘.3 -* _ _‘ ideal strategy for-. you. ... ... «j ' ' ___. - " 5:57 I L ' '5-LT" '7'“ “ ’. I I4‘. - . _ ~ : -;: :"' I ‘. . 2 nTr'est‘ndth‘Established Builders only - While attractive ‘discounts are available V V . elsewhere; execution riskais very high currentlyll I Invest only jnprojects with initial approvals in place. ..avaid the pre-pre . ' . launches until further clarity emerges on the new regulations. .. '5 E I . . v Ellvoid meya-proiects/ townships — gestation period, execution risk and constant intemal supply for such projects will give mutued returns. .

21. 1,’ “$35” L " ABoOTU§ Asa . —— Lax A ‘l14‘l€ _' ; x ,

22. pa'ed‘LyCc‘i's e" BaIl.6{PiIi1Clpl'? fl Re: ’y E-; : couaweu. aumen B Colclwell Banl<er Princi lecl Realty is a unit lrancliisee ol tlie tlie glolial real)estate powerliouse Colzlwell Banl<er, US. Coltlwell Banlxer is tlie worl<l's olclest ancl largest real estate organization in tlne worltl witl1 over 3,lO0 ollice and 84,000 agents. Col<lwell Banl<‘er is’. a part ol Realogy Holclings, a 5 laillion NYSE liste<l company. Tlie company enterecl lnclia in 20l4 to witli a view to oller its internationally acclaimed prolessional real estate sales services platlorm to tlie lntlian consumers tlirougli appointetl lrancliisees.

23. ' 'lp. '*,2*-. -re". '. 7. iili-* J ii iii kill | "l T '13 ' " _ Ml i . ‘ . _, PRINCIPLED ‘ ‘ “" ‘ » REALTY All Infegraied L" Services — Renlal. Deep Research ‘. _ ‘= * New projecfg, ‘Driven approach -s, ne&proy)ec. ls across . Resale , W7 . . . ‘ um ai over . . 350+ projecl's ‘ Wide Seleclion of ‘ ~. > » —— 7 I‘ . l P“ , _ ' ‘ :7 " . I ~! ':, *:c, ~:»~ -- ( 2:’ (,0: . NJ; I _ . -;_‘ Clobalbesf L praclices For pre cuslbmer A and posl‘deal , -_. First cuslbmer service l V‘; ~. approach 7? A Exclusive price Ky deals wilh J developers Professional 5, Trained Sales l . .. .‘. __ Q; .. _ < l H I '4 V y l“ . . _ . I _ y I _, ~ Ao~ . ‘.. '_ _ " '. _. , 3; '; *:v: '. -'. _>: ,._: _-_' --I V . W , _—-‘_. ~_—: V V " " "-_* - I ‘. ‘ S M7 ” ‘ . " ' . . ‘ -' -. «1~< - “"' '. .. 4"‘ T’ ll-‘P"'*"1"'l""r‘ ‘ -«Es v-.1"’'i*. S- ‘ ‘ 3 ~ 1 ' ‘ l ‘ '3; l' H . _,, , , . _, _, _ “. . ___ L : ..v y . A "It . “‘. ,.. _.. 'l. . ‘i“‘“‘ﬂH lil‘I~'. . ‘K , Kw tl V‘ . . . .. _ is . ~.i z_§; :F_‘[‘. i“-—.1.§‘ V 'ilil'llTlll llll~‘All. '~? :‘. l . 3;; /d . : «El. '~

24. / l : ‘ ‘ “s s_ _n . / For a no-obligalion cusi’omized advisorg preseiilaiioii on The various invesl‘menl' oplions and special deals call/ wrfi‘e To us and fix cm appoinl‘rnenl‘wilii our specialisls. . . ‘ I . .‘ , .._‘ k I _ V 3 r ‘ 3 L ’ Jlll . ‘ ‘ / ‘ V)‘ / ‘ s ‘:7 l‘ »“l‘lr3lll>-‘ll~‘{ll| .' iiil: iiI@}_oio)li 'i‘I= llll1=lill( I “ii _“lfl: |:g}_: j:ll£l, §jjiL: J(i[l[HI I1iL~1ii(: +~*, $el= l§gi§_ , ,, . >:I? Lji! j_: ;dl: f*' "K l7»_"i, E'l_-‘+1°‘l . i.‘_ lilléli-)_ 'u‘§, ,i-(: }:l/ .;3“: V!(: ‘.T{: (L '5 ) ; el: ]{ll~‘*| ll Ilioimwi. ,ujlgIii§i= ii@m 3‘: i;. )' ‘ : ¢il_’q'L~li "'; <L. ~ ¢i, ,.'(: ;:i_. ,‘A3(»1i: |‘(: §li; '.(o-fl: l_l‘l>: ;'$_‘ 2"‘l$. liIi~ivt: i.i@isi. illlW$illli 4'1; :3.‘llVl| '_‘f: | l'l': (‘. Nt: k1‘ ill? -l1l_lFl3;~‘, 'l I-‘ll? ll ‘ l_ 5k‘l“'A'”l: d!‘ll: l'liéflfiphfllkt zl gr 2 -, ,_— . " V, I 7 l l , /I. ’ . '«, ../ l_‘ I — ‘it *9!‘

25. i . . . 1 ‘ '':1|p‘i; ‘2lr'. d- . . - _! ‘__. av‘. —. 0‘_. Caldwell Banker Principled Realty ‘ R - 402, Roha 0rion,16th Road, Bandra West, Mumbai 400050 4' ‘ , _ 'l3#olard +91 22 B105 4477 Email: info@coIdwellbankerprincip| edrea| ty. com www. co| dweIIbankerprincipledrlaaltycom :2.” ‘. ~ , , ’-— ' , r [K T K V I ' . v 2 2 ~- ' _- 'A“. ..u. s uounuk, All eities are off'e/ ed through Coldwell Banker Principled which is independently owned and operated and is not involved in the construction ofttie Real Estate evelopmentsu responsible for their proper completion or ies paid in connection with the purchase of any property in any Real Estate Development.

Should you buy real estate in mumbai ?

Coldwell Banker Principled Realty

Should you buy real estate in mumbai ?