Navi Mumbai, a sister city of Mumbai had seen huge real estate activity in past few years. Two localities within Navi Mumbai - Panvel and Ulwe had shown a lot of promise. But current real estate scenario in Navi Mumbai is bad as the promised infrastructure is delayed or cancelled.

1. Navi Mumbai
“New and Improved”… but yet to shine
January 2014

2. Executive Summary
•
Navi Mumbai was planned to decongest island city of Mumbai
•
Well planned infrastructure of Navi Mumbai saw relocation of many large corporates such
as Reliance Group from Mumbai to Navi Mumbai
•
Most of the commercial real estate activity and retail development is limited to North Navi
Mumbai
•
In last 5 years, Navi Mumbai has seen prices increasing at 15 - 20% y-o-y.
•
Prices in South Navi Mumbai driven primarily by many planned large scale infrastructure
projects
•
Most of these projects are delayed which has caused a slow down and piling up of
inventory in South Navi Mumbai
Source: PropTiger Survey Dec 2013
Confidential and for Private Circulation Only
1

3. Agenda
Navi Mumbai – background and proposed developments
Residential real estate in Navi Mumbai
Our view on future of real estate in Navi Mumbai
Appendix – List of key projects in Navi Mumbai
Source: PropTiger Survey Dec 2013
Confidential and for Private Circulation Only
2

4. Navi Mumbai is planned as a twin city of Mumbai connected
by Vashi Sea Bridge
Vashi Sea Bridge
Navi Mumbai
Source: PropTiger Survey Dec 2013
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3

5. Navi Mumbai has 12 nodes divided into two regions – North
and South
North Navi Mumbai
North Navi
Mumbai
1
1. Airoli
2. Ghansoli
2
3. Koperkhairane
3
4. Vashi
4
5. Sanpada
8
5
6. Nerul
6
7
9
10
11
12
7. Belapur
South Navi
Mumbai
South Navi Mumbai
8. Kharghar and Taloja
9. Kalamboli and Kamothe
10. Panvel and Karanjade
11.Ulwe
12.Dronagiri
Source: PropTiger Survey Dec 2013
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4

6. North’s corporate parks are driving residential demand
Locality
Name
Key Facts
• SEZ consisting 4 million sq ft of space over 35 acres of land
Airoli
Raheja
Mindspace
iGate
• Biggest offshore centre of iGate having capacity of 17,000 employees
Mahape,
Ghansoli
Millenium
Business Park
Reliance
Corporate Park
• Houses key IT & BPO firms Accenture, Capgemini, Cognizant, L&T, Syntel, Wipro etc.
• 2 million sq ft office space spread across 139 buildings
• Key occupants Patni, UCX, Mastek , Hexaware Technologies, vCustomer, Datamatics,
XL Dynamics
• 507 acres campus owned by Reliance Mukesh Dhirubhai Ambani Group
• 1.7 million sq ft of operating area housing central office of Reliance Industries
• 56 acres campus owned by Reliance Anil Dhirubai Ambani Group
Koperkhairane
Dhirubai Ambani
Knowledge City
• Houses headquarters of Reliance Power and Reliance Communications
• More than 13,000 employees working in the campus
• Houses key chemicals & pharmaceuticals firms Glenmark, Pfizer, Piramal, Rallis, BASF
and Zydus
Turbhe
MIDC
• Major publication houses Indian Express, Lokmat, DNA
• Industrial firms Schlumberger, NELCO, L&T, Bombay Dyeing, Rolls Royce Marine,
Siemens, IOCL, HPCL, Balmer Lawrie, Asian Paints etc.
Belapur
CBD
• Houses several government admin offices such as MTNL, Central Excise, CCI & PWD
• Prominent PSU Banks - RBI, SBI, PNB, IDBI, Union Bank
Source: PropTiger Survey Dec 2013
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5

7. South is yet to see major corporate activity, but holds
promise of new infrastructure development
•
Kharghar in South Navi Mumbai has few offices and educational institutes
• 10 storey Siemens India building in Kharghar is a key center of its automation and drives
business
• NIFT and Tata Memorial Research center are key educational institutes in Kharghar
•
But no major corporate present in Ulwe, Panvel, Kalamboli and Dronagiri
•
Proposed developments expected to generate employment
• Navi Mumbai SEZ expected to generate employment for 5 lakh
–
Spread over 5,350 acres in three nodes of Ulwe, Dronagiri and Kalamboli
–
Expected to attract many corporates due to closeness to JNPT seaport, proposed Rewas
port, proposed Panvel airport, proposed Mumbai Trans Harbour Link
• Navi Mumbai International Airport itself expected to generate 1.42 lakh direct jobs
Source: PropTiger Survey Dec 2013
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6

8. Recent pictures of key corporate parks in North Navi Mumbai
Dhirubai Ambani Knowledge City,
Koperkhairane
(56 Acres)
Reliance Corporate Park, Thane
Ghansoli Road
(1.7 million sq ft)
L&T office in Mahape
Millenium Business Park, Mahape
(2 million sq ft)
Hexaware Technologies inside
Millenum Business Park
Konkan Bhavan in CBD Belapur
Source: PropTiger Survey Dec 2013
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7

9. Recent pictures of retail developments in North Navi Mumbai
Pictures of local market
Pictures of key malls in Navi Mumbai
Centre One Mall
in Vashi
Local market in Vashi
Inorbit
Mall in
Vashi
Raghuleela Mall
in Vashi
Local market in Koperkhairane
Source: PropTiger Survey Dec 2013
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8

10. Real estate prices have grown at ~15 - 20% yoy in past 5 years
BSP (Rs/ sq ft)
Vashi
11,500
Nerul
10,500
Seawoods
9,500
Koperkhairane
8,500
Belapur
7,500
Airoli
6,500
5,500
Kharghar
4,500
Kalamboli
3,500
Ulwe
2,500
Panvel
1,500
Dronagiri
Oct 2008
Oct 2009
Oct 2010
North Navi Mumbai
Micro market
Seawoods
Koperkhairane
Nerul
Airoli
Belapur
Vashi
YOY Increase (%)
21%
21%
20%
19%
18%
16%
Source: PropTiger Survey Dec 2013
Oct 2011
Oct 2012
Oct 2013
South Navi Mumbai
Micro market
YOY Increase (%)
Kharghar
Kalamboli
Panvel
Ulwe
Dronagiri
11%
15%
15%
22%
18%
Confidential and for Private Circulation Only
9

11. South is expected to be driven by 5 planned infrastructure
projects
1.
Navi Mumbai Metro
2.
2
3
1
MTHL
Navi Mumbai Special Economic
Zone (NMSEZ)
4.
NMSEZ,Kalamboli
Node
Navi Mumbai Airport
3.
3
4
Mumbai Trans Harbour Link
(MTHL)
Navi Mumbai Metro
5.
Belapur – Uran Rail Link
NMSEZ,Ulwe Node
5
Belapur Uran Rail Link
3
NMSEZ,Dronagiri Node
Source: PropTiger Survey Dec 2013
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10

12. Most projects are delayed
About
•
22 km long sea link to connect
Mumbai & Navi Mumbai
•
Beginning at Sewri and terminating
at Chirle Village in Navi Mumbai
Launch Date
•
Announced in 2004 as PPP project
Current Status
•
Bidding failed thrice (last in Aug
2013) due to financial viability
concerns, political & regulatory
hurdles
•
Government mulling to adopt
alternative to PPP model
About
•
Planned as an alternate to Mumbai
Airport, a bigger and swankier
airport in Panvel
•
Passenger carrying capacity
60 mn compared to 30 mn of
Mumbai Airport
•
Spread over 2,268 hectares
compared to 610 hectares of
Mumbai Airport
Launch Date
•
Launched in 2007 and planned to
start operation by 2012
About
•
Planned on 2,140 hectare land
NMSEZ project was expected to
generate more than 5 Lakh jobs
Launch date
•
Project got approval of government in
2002
Current Status
•
Failed to take off and missed 6
deadlines due to land acquisition
disputes
•
Eventually promoters plan to denotify
land and develop it as IT park and
industrial township with 40% area
for residential & commercial
•
Also a part of land (400 acres) is
planned to be developed as education
hub
Current Status
•
Project got delayed due to land
acquisition issue
•
Source: PropTiger Survey Dec 2013
Navi Mumbai
Special Export
Zone (NMSEZ)
Navi Mumbai
International
Airport (NMIA)
Mumbai TransHarbour Link
Agreement in Aug 2013 for land
acquisition and project may start
seeing construction in 2014
Confidential and for Private Circulation Only
11

13. Most projects are delayed (Cont’d)
Belapur – Uran Rail Link
Navi Mumbai Metro
About
•
Navi Mumbai Metro is planned as an alternate to
suburban rail network of Navi Mumbai
•
5 Lines of Metro have been proposed in Navi
Mumbai but only 23.4 Km Belapur – Taloje –
Khandeshwar - NMIA route is planned as Priority 1
Launch Date
•
Received approval in May 2010 and work started
in May 2011
Current Status
•
Work has started only on 9 kms of Priority-1 route
(Belapur Taloje – Pendhar). Remaining 14 kms of
Pendhar – Khandeshwar – NMIA is on hold
•
50% of work is completed and first train is
expected to roll on this line by 2016
Source: PropTiger Survey Dec 2013
About
•
27 km rail long railway line was conceptualized
to improve connectivity to JNPT, Nhava Sheva
and NMIA
Launch Date
•
Project was initiated in 1996 but got stuck due to
differences in development agencies
•
Development cost escalated from 500 cr to
1,425 cr
•
Project was stalled till 2011 when government
approved the revised budget
Current Status
•
Rail Link is now expected to get completed by
2015
Confidential and for Private Circulation Only
12

14. Agenda
Navi Mumbai – background and proposed developments
Residential real estate in Navi Mumbai
Our view on future of real estate in Navi Mumbai
Appendix – List of key projects in Navi Mumbai
Source: PropTiger Survey Dec 2013
Confidential and for Private Circulation Only
13

15. Recap: North and South Navi Mumbai regions
North Navi Mumbai
1. Airoli
2. Ghansoli
3. Koperkhairane
4. Vashi
5. Sanpada
North
Navi Mumbai
6. Nerul
7. Belapur
South Navi Mumbai
8. Kharghar and Taloja
South
Navi Mumbai
9. Kalamboli and Kamothe
10. Panvel and Karanjade
11.Ulwe
12.Dronagiri
Source: PropTiger Survey Dec 2013
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14

16. South Navi Mumbai is seeing most new construction
Construction Status (No. of Projects)
Micro market
Under
construction
Ready to
move
1
NIL
35
54
Vashi – Belapur2
2
NIL
27
88
12
1
143
183
Kalamboli
Slower
developing
South
New
Launches
Kharghar
Well
developed
North
Upcoming
3
NIL
62
89
Panvel
17
1
111
52
Ulwe - Dronagiri
17
2
181
15
Airoli –
Koperkhairane1
Notes: 1. Includes Airoli, Ghansoli and Koperkhairane 2.Includes Vashi, Nerul, Seawoods, Sanpada and Belapur
Source: PropTiger Survey Dec 2013
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15

17. H1 2013 saw increase in launches - 90% supply is 1-2 BHK
# of units
6000 5,562
5,327
Share of BHK in
BHK Type total launched
units
1 BHK
40%
2 BHK
51%
3 BHK
9%
4 BHK
1%
5,424
5000
4,094
4000
3,338
3,045
3,065
3000
2000
1,101
696
1000
1,492
1,269
1,475
1,046
965
685
1,975
1,904
1,756
1,566
931
532
505
239
5 BHK
4 BHK
Source: PropTiger Survey Dec 2013
3 BHK
2 BHK
Nov 2013
Oct 2013
Sep 2013
Aug 2013
Jul 2013
Jun 2013
May 2013
Apr 2013
Mar 2013
Feb 2013
Jan 2013
Dec 2012
Nov 2012
Oct 2012
Sep 2012
Aug 2012
Jul 2012
Jun 2012
May 2012
Apr 2012
Mar 2012
Feb 2012
Jan 2012
0
1 BHK
Confidential and for Private Circulation Only
16

18. Panvel is seeing maximum new construction
# of units
Total # of new units across Navi Mumbai regions
40,000
37,040
35,000
30,000
25,000
21,389
20,000
15,000
10,637
10,000
8,339
5,000
3,422
1,379
0
Vashi - Belapur 2
Airoli Koperkhaiarne1
Kalamboli
Ulwe - Dronagiri
Kharghar
Panvel
Notes: 1. Includes Airoli, Ghansoli and Koperkhairane 2.Includes Vashi, Nerul, Seawoods, Sanpada and Belapur
Source: PropTiger Survey Dec 2013
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17

19. Panvel is also seeing development of most large townships
% of projects
100%
90%
<100 units
# of units in a project
100 -200 units
200- 500 units
3%
3%
3%
7%
28%
80%
14%
14%
20%
70%
6%
2%
>500 units
12%
3%
27%
8%
18%
8%
60%
50%
40%
80%
70%
30%
65%
77%
66%
65%
20%
10%
0%
Airoli Vashi - Belapur2
1
Koperkhairane
Kharghar
Kalamboli
Ulwe - Dronagiri
Panvel
Notes: 1. Includes Airoli, Ghansoli and Koperkhairane 2.Includes Vashi, Nerul, Seawoods, Sanpada and Belapur
Source: PropTiger Survey Dec 2013
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18

20. Kalamboli and Panvel have smaller units catering to
affordable demand segment
Super Area (sq ft)
2,000
Average super area across Navi Mumbai regions
1,657
1,532 1,562
1,500
1,334
1,083 1,083
1,062
1,565
1,387
1,118 1,102
970
1,000
601
610
634
641
645
668
500
0
1BHK
2BHK
3BHK
Kalamboli
Panvel
Ulwe - Dronagiri
Vashi - Belapur 2
Kharghar
Airoli - Koperkhairane1
Notes: 1. Includes Airoli, Ghansoli, Koperkhairane 2.Includes Vashi, Nerul, Seawoods, Sanpada and Belapur
Source: PropTiger Survey Dec 2013
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19

21. Current prices in few markets are equivalent to Western
Suburbs in Mumbai
Basic Sales Price (Rs/sq ft) Nov 2013
Micro
market
Minimum
Average
Maximum
Vashi
8,600
11,263
14,117
Nerul
5,500
11,245
20,000
Seawoods
10,245
10,715
11,130
Koperkhairane
7,500
10,039
17,023
Belapur
9,000
9,381
10,145
Airoli
7,000
8,009
11,000
Kharghar
4,500
6,730
10,000
Kalamboli
4,300
5,271
6,250
Ulwe
3,500
4,942
7,000
Panvel
2,400
4,284
7,500
Dronagiri
3,400
3,754
4,200
Source: PropTiger Survey Dec 2013
At these price points, units
are available in Borivali,
Kandivali & Goregaon
Western Mumbai Suburbs
Confidential and for Private Circulation Only
20

22. Sales have slowed significantly in H2 2013
# of units
30,000
25,000
Total available units and sold units in Navi Mumbai
24,605
24,039
22,586
21,334
21,504
20,467
20,000
19,527
15,000
2,071
10,000
- 54%
5,000
2,071
1,885
1,826
1,547
1,546
1,396
945
0
Apr 13
May 13
Jun 13
Jul 13
Available Units
Source: PropTiger Survey Dec 2013
Aug 13
Sep 13
945
Oct 13
Sold Units
Confidential and for Private Circulation Only
21

23. This has resulted in rise in inventory, especially in Panvel
# of units
Break up of inventory across Navi Mumbai regions
10,000
8,826
9,000
8,000
7,000
6,000
5,000
4,081
4,000
2,823
3,000
1,665
2,000
1,000
784
403
0
Vashi - Belapur 2
Airoli Koperkhaiarne1
Kalamboli
Ulwe - Dronagiri
Kharghar
Panvel
Notes: 1. Includes Airoli, Ghansoli, Koperkhairane 2.Includes Vashi, Nerul, Seawoods, Sanpada and Belapur
Source: PropTiger Survey Dec 2013
Confidential and for Private Circulation Only
22

24. Agenda
Navi Mumbai – background and proposed developments
Residential real estate in Navi Mumbai
Our view on future of real estate in Navi Mumbai
Appendix – List of key projects in Navi Mumbai
Source: PropTiger Survey Dec 2013
Confidential and for Private Circulation Only
23

25. We expect price and demand stagnation for next two years
•
North Navi Mumbai will see limited new launches as the land availability in this region is
very low
•
Resolution of land acquisition issue for Navi Mumbai airport is definitely a positive sign
for south Navi Mumbai real estate market
•
But due to significant delay faced till now, investors and end users are shying away
•
In addition, physical and social infrastructure such as power connection, roads, schools,
hospitals need to be developed for the area to become habitable
•
We expect infrastructure development at ground level will take another 1.5 – 2 years to
start, resulting in stagnation of demand and price in Navi Mumbai realty market
Source: PropTiger Survey Dec 2013
Confidential and for Private Circulation Only
24

26. For further details – contact us
Ankur Dhawan
VP – Information Services and Consulting, PropTiger
Email – Ankur.Dhawan@PropTiger.com
Ph - +91 9873 9076 67
Kartik Varma
Co-founder, PropTiger
Email – Kartik.Varma@PropTiger.com
Source: PropTiger Survey Dec 2013
Confidential and for Private Circulation Only
25

27. Agenda
Navi Mumbai – background and proposed developments
Residential real estate in Navi Mumbai
Our view on future of real estate in Navi Mumbai
Appendix – List of key projects in Navi Mumbai
Source: PropTiger Survey Dec 2013
Confidential and for Private Circulation Only
26

28. Key projects in Airoli - Koperkhairane region
Micro
market
Project Name
Builder Name
Project Status
Project
Type
No. of Units
Unit Type
Launch
Date
Completion
Date
BSP
(Rs/sq ft)
Oct 2010
Dec 2015
7,511
Airoli
Green World
Akshar
Under Construction Apartments
916
1BHK, 2BHK,
3BHK
Ghansoli
Eleganza
Bhagwati Group
Under Construction Apartments
268
2BHK, 3BHK
May 2013
Mar 2018
9,500
Ghansoli
B and M Buildcon Under Construction Apartments
258
Oct 2012
Dec 2016
9,251
Airoli
Atlantis
Shiv Shankar
Heights
Aug 2010
Dec 2014
8,000
Airoli
Heights
Aug 2010
Dec 2014
8,000
Apr 2009
Mar 2014
8,250
Airoli
Airoli
Ghansoli
Airoli
Ghansoli
Shiv Shankar
Under Construction Apartments
174
Shiv Shankar
Under Construction Apartments
168
Millennium Avanish B and M Buildcon Under Construction Apartments
167
2BHK, 3BHK
2BHK, 3BHK,
4BHK
2BHK, 3BHK,
4BHK
1BHK, 2BHK,
3BHK
Apartments
160
2BHK, 3BHK
Jul 2012
Jul 2016
11,000
Signature Heights Pyramid Infratech Under Construction Apartments
Mahavir
Mahavir Residency
Developers
Under Construction Apartments
85
1BHK, 2BHK
Mar 2012
Jun 2015
8,200
80
1BHK, 2BHK
Jun 2012
Dec 2014
8,100
76
1BHK
Mar 2012
Jun 2015
8,500
Signia Orion
BellaVita
Sunteck Group
Swaraj Group
Source: PropTiger Survey Dec 2013
Pre Launch
Under Construction Apartments
Confidential and for Private Circulation Only
27

29. Key projects in Vashi - Belapur region
Micro
market
No. of Units
Unit Type
Launch
Date
Completion
Date
BSP
(Rs/sq ft)
Under Construction Apartments
180
Jun 2010
Nov 2013
12,500
Under Construction Apartments
133
2BHK, 3BHK
1BHK, 2BHK,
3BHK
Dec 2012
Mar 2016
9,000
Hill View Residency Priyanka Regency Under Construction Apartments
124
2BHK
Nov 2010
Dec 2014
10,000
Project Name
Builder Name
Nerul
Sea Queen
Excellency
National Builders
Belapur
Pride
Juhi Developers
Belapur
Project Status
Project
Type
Nerul
Greens
Juhi Developers
Under Construction Apartments
72
2BHK, 3BHK
Oct 2012
Dec 2014
10,500
Nerul
Venecia
Platinum Group
Under Construction Apartments
70
2BHK
Nov 2012
Mar 2015
10,000
Nerul
Rattan group
Under Construction Apartments
66
May 2012
Mar 2014
11,000
Nerul
Icon
Radha Balkrishna
Niwas
Raj Chamunda
Oct 2013
Feb 2016
5,500
Nerul
Zion I
EV Group
Jan 2012
Dec 2014
11,000
Source: PropTiger Survey Dec 2013
Apartments
55
2BHK, 3BHK
1BHK, 2BHK,
3BHK
Under Construction Apartments
52
2BHK, 3BHK
Pre Launch
Confidential and for Private Circulation Only
28

30. Key projects in Kharghar region
Micro
market
Project Name
Builder Name
Launch
Date
Completion
Date
BSP
(Rs/sq ft)
Taloja
Garden
Kharghar
Hex World
Enkay Homes
Armstrongs
Builder
Apr 2009
Dec 2014
3,000
Jan 2008
Jun 2016
6,500
2,500
1BHK, 2BHK
1BHK, 2BHK,
3BHK
Taloja
Greenwood Estate
Jul 2011
Jul 2015
2,943
Kharghar
Under Construction Apartments
1,600
1BHK, 2BHK
Apr 2008
Dec 2017
5,700
Arihant
Under Construction Apartments
700
Jan 2013
Apr 2016
3,350
Amar Harmony
Gami Builders
Under Construction Apartments
392
Jun 2011
Dec 2014
4,650
Kharghar
Sai Mannat
Under Construction Apartments
338
Oct 2012
Dec 2016
8,400
Kharghar
Adhiraj Gardens
Paradise Group
Adhiraj
Constructions
Under Construction Apartments
300
1BHK, 2BHK
1BHK, 2BHK,
3BHK
2BHK, 3BHK,
4BHK
2BHK, 3BHK,
4BHK
Jan 2013
Dec 2015
7,600
Kharghar
Sai Symphony
Paradise Group
Apartments
288
1BHK, 2BHK
Feb 2013
Nov 2016
7,200
Taloja
Sai Riverdale
Under Construction Apartments
272
1BHK, 2BHK
May 2013
Dec 2016
5,100
Kharghar
Goodwill Paradise
Paradise Group
Goodwill
Developers
Under Construction Apartments
252
Feb 2008
Mar 2014
7,900
Taloja
V Residency
Vibgyor Group
Under Construction Apartments
240
Nov 2012
Dec 2013
2,800
Kharghar
Kingdom
Shah Group
Under Construction Apartments
201
2BHK, 3BHK
1BHK, 2BHK,
3BHK
2BHK, 3BHK,
4BHK
Mar 2013
Mar 2017
9,800
No. of Units
Unit Type
Under Construction Apartments
2,600
1BHK, 2BHK,
3BHK
Under Construction Apartments
2,500
Under Construction Apartments
Hexcity
Space India
Armstrongs
Builder
Taloja
Amisha
Taloja
Source: PropTiger Survey Dec 2013
Project Status
Pre Launch
Project
Type
Confidential and for Private Circulation Only
29

31. Key projects in Kalamboli region
Micro
market
Project Name
Builder Name
No. of Units
Unit Type
Launch
Date
Completion
Date
BSP
(Rs/sq ft)
Kalamboli
Amarante
Neelsidhi Group
Under Construction Apartments
956
1BHK, 2BHK
Jul 2010
Dec 2016
4,900
Kamothe
Geomatrix
Akshar
Under Construction Apartments
670
1BHK, 2BHK
Nov 2012
Dec 2015
6,600
Kamothe
Silver Crest
Akshar
Under Construction Apartments
610
1BHK, 2BHK
Jan 2012
Dec 2015
6,600
Kalamboli
Bhoomi Gardenia
Gajra Developers Under Construction Apartments
504
1BHK, 2BHK
Aug 2010
Dec 2013
6,000
Kalamboli
Brookefields
Monarch
Under Construction Apartments
336
1BHK, 2BHK
Jan 2012
Dec 2015
6,250
Kalamboli
Imperial
Monarch
Under Construction Apartments
286
1BHK, 2BHK
Jun 2011
Dec 2015
6,250
Kamothe
Gardens
Tharwani
Residency
Pratik Enterprises Under Construction Apartments
220
2BHK
Aug 2012
Sep 2016
6,000
Under Construction Apartments
185
1BHK, 2BHK
Jul 2010
Nov 2013
6,200
Kalamboli Bhoomi Gardenia II Gajra Developers Under Construction Apartments
182
1BHK, 2BHK
Jan 2011
Jan 2014
6,000
Kalamboli
Karan Valenica
Karan Group
Under Construction Apartments
180
1BHK, 2BHK
Jun 2011
Jan 2013
6,000
Kalamboli
Avaneesh
Sai Developers
Under Construction Apartments
160
2BHK
Jun 2012
Dec 2014
4,700
Kalamboli
RadheKrishna
Integreat
Under Construction Apartments
144
2BHK
Jan 2012
Dec 2014
5,500
Kalamboli
Flora
Regency Group
Apartments
144
2BHK, 3BHK
Oct 2013
Nov 2015
5,500
Kalamboli
Phoenix Heights
Vision Associates Under Construction Apartments
128
1BHK, 2BHK
Oct 2012
Mar 2015
5,500
Kamothe
Tharwani Group
Source: PropTiger Survey Dec 2013
Project Status
Pre Launch
Project
Type
Confidential and for Private Circulation Only
30

32. Key projects in Panvel region
Micro
market
Project Name
Builder Name
Launch
Date
Completion
Date
BSP
(Rs/sq ft)
Panvel
Greens
Under Construction Apartments
Panvel
Akanksha
Indiabulls
Arihant
Superstructures
Mar 2010
Aug 2016
6,000
Apartments
2,500
Apr 2013
Dec 2017
4,600
Panvel
Aawas Viva
Realsales Infra
Under Construction Apartments
2,240
Jan 2013
Dec 2015
2,999
2,000
1BHK
1BHK, 2BHK,
3BHK
Panvel
Balaji Symphony
Space India
Under Construction Apartments
Jul 2011
Dec 2019
6,500
Panvel
Marathon
Panvel
Nexzone
Hiranandani
Township
Under Construction Apartments
1,600
2BHK
Sep 2011
Dec 2017
5,421
Hirco
Under Construction Apartments
1,550
2BHK, 3BHK
Dec 2008
Nov 2017
4,750
Panvel
Greenscapes
Monarch
Under Construction Apartments
1,200
1BHK, 2BHK
Jun 2013
Dec 2017
5,750
Panvel
Heritage
Sudarshan Nirman
Pre Launch
Apartments
Garnet
Construction
Under Construction Apartments
1,000
1BHK, 2BHK
Jun 2013
Oct 2016
3,500
Panvel
Brillante
945
1BHK, 2BHK
1BHK, 2BHK,
3BHK
May 2013
Dec 2018
5,500
Panvel
Royale Meadows
Space India
Jun 2011
Dec 2013
3,100
Panvel
Kritika River View
Nagpal Group
1BHK, 2BHK
1BHK ,2BHK,
3BHK, 4BHK
Jan 2012
Dec 2015
4,500
Panvel
Golf City
Dec 2012
Jul 2017
7,019
Panvel
Balaji Kalash
Jun 2012
Aug 2016
4,000
Panvel
Green Acres
Dec 2012
Dec 2014
3,500
Project Status
Pre Launch
Project
Type
Under Construction Apartments
5,880
650
Apartments
650
Indiabulls
Under Construction Apartments
600
Tirupati Balaji
Under Construction Apartments
500
Squarefeet Realty Under Construction Apartments
480
Source: PropTiger Survey Dec 2013
Pre Launch
No. of Units
Unit Type
1BHK, 2BHK,
3BHK, 4BHK
1BHK, 2BHK,
3BHK, 4BHK
1BHK, 2BHK
1BHK, 2BHK,
3BHK
Confidential and for Private Circulation Only
31

33. Key projects in Ulwe - Dronagiri region
Micro
market
Project Name
Builder Name
No. of Units
Unit Type
Launch
Date
Completion
Date
BSP
(Rs/sq ft)
Dronagiri
Palacio
Dwisha
Developers
Under Construction Apartments
600
1BHK, 2BHK
Jun 2011
Dec 2014
4,000
Ulwe
Soham
Under Construction Apartments
200
1BHK, 2BHK
Oct 2012
Jul 2016
6,000
Mannat
Marvels Group
Mahaavir
Universal
Ulwe
Under Construction Apartments
168
2BHK, 3BHK
Nov 2010
Oct 2014
6,000
Ulwe
Bay Bliss
Bhagwati Group
Under Construction Apartments
165
2BHK, 3BHK
May 2013
Sep 2016
6,200
Ulwe
Kingston
Under Construction Apartments
160
1BHK, 2BHK
Jan 2012
Dec 2014
5,851
Dronagiri
Dev Luxuria
Swaraj Group
Devkrupa
Enterprises
Apartments
160
1BHK, 2BHK
Mar 2013
Dec 2016
4,200
Ulwe
Palacio
Platinum Group
Under Construction Apartments
156
Apr 2013
Mar 2014
5,100
Ulwe
Sai Sapphire
Paradise Group
Under Construction Apartments
133
1BHK, 2BHK
1BHK, 2BHK,
3BHK
Jun 2013
Jul 2014
5,650
Ulwe
Rupa Enterprises Under Construction Apartments
130
2BHK, 3BHK
Jan 2012
Jul 2014
5,500
Ulwe
Suyash Park
Tulsa Namdev
Residency
112
1BHK, 2BHK
Jun 2013
Oct 2015
5,500
Ulwe
Grande vista
Ulwe
Dev Krupa Tower
Bathija Group
Today Group
Devkrupa
Enterprises
Source: PropTiger Survey Dec 2013
Project Status
Pre Launch
Project
Type
Under Construction Apartments
Pre Launch
Apartments
110
2BHK, 3BHK
Mar 2013
Sep 2017
5,600
Pre Launch
Apartments
102
1BHK, 2BHK
Apr 2013
Jun 2016
5,500
Confidential and for Private Circulation Only
32