CHAPTER-11 ANNEXURE QUESTIONNAIRE : Which is the major factor for down sliding in the real estate market of

I. Suburban Areas? (a) Govt. Policies (b) Recession (c) SRD Project (d) Investors loss of Interest (e) Can't Say

II What is important factor while purchasing flats/bungalows in the Suburban Area? (a) Project Location (b) Railway Station (c) Flat Layout and Amenities (d) Price (e) Vaastu (f) Can't Say

III. Which is the most important factor while purchasing the flat? (a) Carpet Area (b) Built Up Area (c) Super Built Up Area (d) Can't Say rv Which is the closest factor while purchasing the flat? (a) Project Location (b) Project Cost and its Profitability (c) Infrastructure available to the Project (d) Clearance of Title

137 (e) Can't Say

V. Are there any chances to get reduction in the latest rates due to ULC act repeal? (a) Yes (b) No (c) Can't Say

VI. Do people feel that water problem is the main important factor while purchasing flats houses? (a) Yes (b) No (c) Can't Say

VII. On which factor people rely mostly for their purchase? (a) Technical Aspect (b) Quality Aspect (c) External Amenities (d) Internal Amenities (e) Price Factor (1] Builders Reputation

VII. Is Maintenance the most important factor? (a) Yes (b) No (c) Can't Say

IX. "Fund Refunds" after typical span of period is playing the key role in the market? (a) Yes (b) No (c) Can't Say

138 X Is there any chances to revive the rates? (a) Yes (b) No (c) Can't Say

XI What is the importance of building elevation? (a) Very Much (b) Fair Enough (c) Not Necessary (d) Can It Say

XII. What is the importance of building perspectives and 3d Models? (a) Very Much (b) Fair Enough (c) Not Necessary (d) Can't Say

XIII. Is there any scope to revive the rates of immovable property in Mumbai? (a) Yes (b) No (c) Can't Say

XIV. If, the government is going to be changed in the coming general Election is there any scope changing the market scenario? a) Yes b) No (c) Can't Say

XV. Is the Central Government housing financial schemes good enough? (a) Yes (b) No

139 (c) Can't Say

XVI. Do you feel the financial institutions are playing key role in the Housing Finance and Purchase? (a) Yes (b) No (c) Can't Say

XVII. Please Opii on fair expectations of purchaser from developer / builder or construction company, in this tizzy scenario?

Name of Sole / Agency / Organisation / Developer

Address

communication lines

140 PROPERTY RATE - MUMBAI - 1986 - 1997(RESIUENTIAL & COMMERCIAL) 1986 1987 1988

Colaba 900-1200 2000-3000 1200-2500 2500-3500 1600-2500 3000-4500 Cuffe Parade 2000-2500 2500-3500 2000-3000 3000-3500 2000-3000 3000-4000 - 2000-3000 - 2000-3000 - 3000-4000 1900-2200 1000-2000 3000-3200 2000-3000 3000-4000 3000-4000 New Marine Lines 1200-1800 1700-2100 1200-2500 2000-3000 1800-2200 2500-3000 - 1000-1700 - 2000-3000 - 2500-3000 Balard Estate - 2000-2500 - 2000-2500 - 2000-3000 / Kaibad 1500-2000 2500-3000 1500-2000 2500-3000 1500-2500 3000-5000 Giraum ------Marine Drive 2000-2500 3000-3500 1800-2500 3000-3500 2000-3000 3000-4000 Opera House 1600-2000 3500-4000 1800-2500 3500-4000 2000-3000 3500-4000 Malabar House 2600-3000 2500-3500 2700-3200 3000-3500 2800-3500 3000-4000 Walkeshwar ------ 1500-2500 3000-3500 1700-2500 3000-3500 2000-2500 3000-4000 Warden Road 1000-2000 3000-3500 1000-2000 2800-3400 2000-2400 3000-4500 Peddar Road 1600-2000 3500-4000 2000-3000 3500-4000 2000-3000 3500-5000 Woril 1600-2000 2000-2500 1500-2000 2000-2500 1200-2000 2000-2500 Prabhadevi 800-1400 1500-2000 800-1400 1500-2000 900-1500 2000-3000 Parel [New Dev.] ------ 900-1200 1500-2500 800-1100 1500-2500 1200-2000 2000-2500 Mahim 500-1000 1200-1800 700-1500 1200-2000 1000-1200 2000-2500 WESTERN RAILWAY suburbs [East 400-600 1500-2500 700-950 1300-1700 800-1000 1200-2000 Bandra [west] 1500-2200 2000-4500 1500-3000 2000-3500 1000-2500 2000-2500 Khar [East] 500-600 800-1200 650-900 800-1200 700-900 1000-2000 Khar [West] 800-1200 2000-2600 900-1500 1700-2200 1000-1500 2000-2500 Santacruz [East] 500-700 1000-1500 550-950 1000-1500 800-1000 1500-2500 Santacruz [West] 800-1600 2000-2500 950-1600 2000-2700 1000-1800 2000-3000 - - - - - . Vile Parle [East] 500-900 1000-1500 750-900 1000-1500 900-1200 2000-3500 Vile Parle [West] 1000-1200 2000-2200 1000-1200 1700-2000 1000-1500 2000-3000 [East] 350-900 800-1200 550-900 900-1600 300-900 1200-2000 Andheri [West] 400-700 800-1600 550-800 1000-1300 900-1200 2000-3000 Jogeshwari 500-700 1000-1200 500-700 1000-1200 550-900 1200-1800 Goregaon [East] 350-450 750-1000 500-900 800-1000 700-800 1000-2000 Goregaon [West] 400-500 800-2500 650-900 1100-1300 800-900 1000-2000 Malad [East] 500-800 1000-2500 600-1000 1000-2000 750-850 1500-2500 Malad [West] 400-450 800-1000 500-650 750-900 800-900 1500-3000 Kandivali [East] 500-600 1000-1600 650-1000 1200-1800 700-800 900-1500 Kandivali [West] 400-450 700-900 550-750 750-950 700-900 1000-2000 Borivali [East] 400-450 800-1 100 650-900 1800-2500 700-1100 2000-2800 Borival [West] 600-800 2000-3500 500-650 900-1300 650-900 1100-1900

141 1986 1987 1988 Dahisar 300-400 750-1000 400-550 750-1000 500-600 900-1500 Mira Road 250-400 600-900 300-450 400-600 325-400 700-1000 Bhayander 150-175 300-500 400-500 700-750 325-425 900-1200 Vasai Road 225-300 500-600 300-500 600-800 350-450 900-1200 Nalasopara 175-200 400-600 300-450 400-600 275-350 800-1000 Virar 200-250 300-500 350-550 550-750 300-350 800-1000 CENTRAL RAILWAY suburbs Wadala 200-500 700-1500 350-700 900-1800 900-1800 900-1100 Kings Circle 300-600 700-1200 350-900 •900-2000 850-1000 900-2000 Sion 350-750 900-1800 400-750 900-1800 900-1200 1100-2000 Kurla 400-600 750-1500 500-900 900-1500 600-800 800-1500 Chembur 500-700 1000-2000 600-900 1000-2000 650-900 1000-1500 Ghatkopar 400-800 750-2000 450-850 1000-2000 800-1100 1000-2000 Vashi 300-600 600-800 350-600 700-1400 500-700 800-1800 Sanpada ------Nerul 275-300 450-700 275-375 450-800 375-450 500-700

142 PROPERTY RATE - MUMBAI - 1986 - 1997(RESIDENTIAL & COMMERCIAL) 1989 1990 1991 & 1992 SOUTH MUMBAI 2000-2500 3000-4500 2000-2500 3000-4500 2000-3500 3000-5500 Cuffe Parade 2000-3000 3000-4000 2500-3000 3500-5000 3000-6000 4000-6000 Nariman Point - 3000-4000 - 3000-4000 5000-8000 3500-8000 Churchgate 3000-4000 3000-4000 3500-5000 4000-5000 3500-6000 4000-6000 New Marine Lines 2000-3000 2500-3000 2200-3000 3000-4000 3000-4000 3500-6000 Flora Fountziin - 2500-3000 - 3000-4000 2500-3000 3000-8000 Balard Estate - 2000-3000 - 3000-4000 2500-3000 2500-3000 Bhuleshwar/Kaibadevi 1500-2500 3000-5000 2500-3000 3500-6000 2500-3500 3500-7000 Giraum ------Marine Drive 2500-3500 3000-4000 3000-4000 4000-5000 3000-4000 4000-6000 Opera House 2200-3000 3500-4000 2500-3100 3500-4000 2500-4000 4000-n000 Malabar House 2000-3000 •3000-4000 3000-4000 4000-5000 3000-6500 4000-5500 Walkeshwar ------Nepean Sea Road 2500-3500 3000-4000 3000-3500 3000-4000 3000-5000 3000-5000 Warden Road 2000-2500 3000-4500 2500-3000 3000-4500 3000-5000 3000-5000 Peddar Road 2500-3000 3500-5000 3000-3500 3500-5000 3000-6000 3500-5000 Woril 1200-2000 2000-2500 1800-2200 2500-3500 2000-3000 3500-5000 Prabhadevi 1200-1500 2000-3000 1500-2000 2000-3000 2000-3000 2500-4000 Parel [New Dev.] ------Dadar 1200-2000 2000-2500 1800-2000 2500-3500 2000-3000 2500-4000 Mahim 1000-1200 2000-2500 1200-1800 2000-2500 1800-2500 2000-3000 WESTERN RAILWAY suburbs Bandra [East 800-1000 1200-2000 1000-1500 1500-2000 1800-2800 2200-4500 Bandra [west] 1200-3000 2000-2500 1500-3000 2000-3500 2200-3500 2000-4500 Khar [East] 800-900 1000-2000 900-1000 1500-2500 1000-1200 1500-2500 Khar [West] 1000-1500 2000-2500 1600-2000 2000-2500 1500-3000 2000-4000 Santacruz [East] 900-1200 1500-2500 900-1600 2000-3000 1000-2000 2200-4500 Santacruz [West] 1200-2000 2000-3000 1800-2000 3000-4000 1800-3000 2000-4500 Juhu - - - - - Vile Parle [East] 900-1200 2000-3500 1000-1700 2000-3500 1300-2500 2500-4000 Vile Parle [West] 1000-1500 2000-3000 1500-2000 2500-3000 1800-3000 2500-4500 Andheri [East] 800-1000 1200-2000 750-1400 1200-2000 800-1200 1800-3000 Andheri [West] 900-1200 2000-3000 900-1400 2000-3000 900-1500 2500-4000 Jogeshwari 600-950 1300-1800 750-900 1000-1500 750-1000 1000-1500 Goregaon [East] 800-900 1000-2000 750-1000 1500-2000 700-1000 1400-1800 Goregaon [West] 800-900 1000-2000 800-1000 1500-2000 900-1100 1500-3000 Malad [East] 800-850 1500-2500 750-850 1500-2500 850-1200 1500-3000 Malad [West] 800-900 1500-3000 800-1000 1500-3000 850-1200 1500-3000 Kandivali [East] 750-800 900-1500 750-900 1000-1500 850-1100 1500-3000 Kandivali [West] 750-900 1000-2000 800-900 1000-2000 800-1100 1500-2000 Borivali [East] 750-1200 2000-3000 750-1200 2000-3000 700-900 1500-2000 Boriva] [West] 700-11000 2000-3500 800-1600 1500-4000 800-1400 1500-4000

143 1989 1990 1991 & 1992 Dahisar 500-600 900-1500 550-650 1000-1500 600-800 1000-1500 Mira Road 375-400 . 800-1000 375-425 800-1000 450-600 800-1500 Bhayander 325-525 900-1200 300-450 900-1200 400-600 1000-2000 Vasai Road 375-450 900-1200 375-450 900-1200 340-475 700-1500 Nalasopara 300-350 800-1000 325-400 800-1000 325-450 700-1200 Virar 300-350 800-1000 325-430 800-1000 325-430 700-1200 CENTRAL RAILWAY suburbs Wadala 900-1500 900-1200 1000-1500 1000-1500 1500-2500 2000-3500 Kings Circle 950-1000 1000-2000 1100-1500 1000-1500 1500-2000 2000-3500 Si on 900-1200 1000-2000 1200-1500 1500-2500 1500-2500 2000-3000 Kurla 600-800 800-1500 700-850 1000-1500 800-1000 1200-2000 Chembur 700-900 1000-1500 800-1200 1500-2000 900-1300 1500-2500 Ghatkopar 800-1200 1000-2500 800-1200 1500-2500 1000-1500 1500-3000 NAVI MUMBAI Vashi 500-700 800-1800 500-700 1000-1500 700-1000 1000-2000 Sanpada ------Nerul 400-500 500-700 400-500 600-800 500-600 900-1200

144 PROPERTY RATE - MUMBAI - 1986 - 1997(RESIDENTIAL & COMMERCIAL) 1993 1994 1995 SOUTH MUMBAI

Colaba 4000-8500 6000-10000 5500-9500 6500-150000 8000-15000 10000-20000 Cuffe Parade 4000-9000 5000-12000 8500-lgOOO 1000-18000 12000-25000 10000-28000 Nariman Point 5000-11000 7000-13000 9000-19000 10000-18000 20000-35000 24000-35000 Churchgate 5000-8000 5000-11000 8000-12000 8000-18000 15000-25000 16000-25000 New Marine Lines 4500-7000 • 6000-9000 8500-10000 9000-185000 12000-22000 14000-26000 Flora Fountain 4000-7000 5000-12000 5000-11000 5000-18000 10000-18000 14000-28000 Balard Estate 4000-6000 4000-8500 5000-9000 4000-12000 6000-16000 12000-22000 Bhuleshwar/ Kaibadevi 3000-4500 5500-8500 3000-8500 5500-14000 3500-11000 9000-14000 Giraum - - 3000-6000 6500-11000 7000-15000 9000-16000 Marine Drive 4000-8000 5000-9000 6000-12000 8500-14500 12000-20000 12000-22000 Opera House 3500-6000 5000-12000 3500-8000 5000-16000 9000-16000 10000-22000 Malabar House 6500-8500 5500-9500 8500-16000 7500-15000 12000-26000 12000-24000 WalkeshwEir - - 3000-6000 6500-11000 12000-26000 12000-24000 Nepean Sea Road 5000-8500 5000-9500 6000-18000 5000-18000 14000-32000 14000-28000 Warden Road 5500-9500 6000-9500 8500-18500 8000-18500 14000-32000 14000-25000 Peddar Road 3500-7500 5500-9500 8500-17000 8500-18000 15000-32000 14000-25000 Woril 3500-7500 5000-9500 5500-12000 5000-13000 7500-25000 10000-20000 Prabhadevi 3000-5000 4000-7500 3500-8500 4000-10000 7500-22000 10000-16000 Parel [New Dev.] - - 2000-8.000 6000-11000 5000-10000 8000-18000 Dadar 2500-4000 - 3500-8000 6000-11000 4500-13000 8000-18000 Mahim 1500-3000 _ 3000-5000 2500-4000 3000-8500 3500-10000 4500-12000 WESTERN RAILWAY suburbs Bcoidra [East 600-2200 2500-4200 2000-5600 3500-11000 3500-6500 7000-20000 Bandra [west] 2200-6000 3000-9000 4200-9000 3000-9500 4500-11000 7500-16000 Khar [East] 900-1500 2000-3500 2600-6000 3000-7000 4000-6000 6000-12000 Khar [West] 2000-4000 3000-7500 2500-8500 3000-10500 4000-6000 5000-14000 Santacruz (East) 1600-2200 3000-5500 2800-4800 3000-8500 3000-4500 4000-8000 Santacruz [West] 2200-5500 4000-8500 3200-8500 4000-10500 5000-6500 5000-12000 Juhu - - 2500-6500 3000-9000 4500-12000 6000-12000 Vile Parle [East] 1800-3000 3000-4500 3500-9000 3000-9500 4500-10000 6000-9500 Vile Parle [West] 1800-4500 3000-6000 2800-4500 3000-9000 5000-10000 6500-11000 Andheri [East] 900-1800 2000-3500 1800-3800 2000-5500 3800-6000 6000-9000 Andheri [West] 1800-3200 2500-6500 2200-5200 2500-8500 4000-7000 6000-10000 Jogeshwari 800-1200 1200-1500 900-3200 2200-8500 2200-4500 3500-6000 Goregaon [East] 800-1500 1200-3000 1800-3'000 2000-6000 2200-5500 3000-8000 Goregaon [West] 800-1500 1200-3000 2100-4800 2200-8000 1800-5500 2500-8000 Malad [East] 900-2200 2000-5000 1300-3200 1700-6000 3000-6000 3500-12000 Malad [West] 900-2200 • 2000-5000 1600-3200 2000-8000 3000-6000 3500-12000 Kandivali [East] 850-1800 1500-3000 1200-4000 1500-7500 2500-5000 3000-7000 Kandivali [West] 900-1800 1500-4000 2200-6000 1500-8000 3000-6000 3000-8000 Borivali [East] 950-1500 1500-2500 1200-4200 2500-9500 2500-5000 3500-8000 Borival [West] 1200-2500 2500-6000 2800-5000 2500-10000 2500-7000 3500-11000

145 1993 1994 1995 Dahisar 750-1200 1200-2200 1900-3900 1500-2500 1500-2500 3000-4000 Mira Road 470-750 1000-2200 550-1000 1500-4900 1100-1800 1500-4900 Bhayander 400-600 1000-2000 400-900 1000-4000 450-1200 700-2000 Vasai Road 300-550 1000-2000 350-600 1000-4000 500-1100 1000-4500 Nalasopara 300-450 1000-1500 351-450 1000-4500 450-900 1000-4500 Virar 300-450 1000-1500 400-550 10000-4500 525-1000 1000-6000 CENTRAL RAILWAY suburbs ! Wadala 2000-3000 2500-5000 2000-8.000 I 2500-8000 3000-7500 4000-11000 Kings Circle 2000-3000 2500-5000 2000-8000 2500-8000 3000-7500 4000-1100 Sion 1000-2000 _ 2000-4000 1200-8000 2000-8600 3000-8000 3000-11500 Kurla 800-1200 1500-2000 1500-3900 1500-5000 3000-6000 2000-7000 Chembur 1000-2000 2000-3000 1200-3200 2000-8000 3500-7000 3000-12500 Ghatkopar 1500-2500 2000-4200 1900-3500 2000-8000 3500-7000 3500-13000 NAVl MUMBAI Vashi 900-1800 2000-4000 1200-2250 2000-5000 1800-5500 3000-8000 Sanpada - - 800-1000 2000-3000 800-1800 2000-5500 Nerul 550-750 1000-2000 750-1100 2000-3000 1200-1800 2000-4000

146 PROPERTY RATE - MUMBAl - 1986 - 1997(RESIDENTIAL & COMMERCIAL) 1996 1997 SOUTH MUMBAl

Colaba 8500-2000 1000-2100 8000-9500 9000-11000 Cuffe Parade 13000-20000 10000-24000 8000-9500 1000-12000 Nariman Point 18000-24000 19000-30000 10000-11500 9000-11000 Churchgate 12000-26000 16000-25000 9000-12000 9000-11000 New Marine Lines 11000-26000 14000-26000 9000-12000 8000-11000 Flora Fountain 10000-18000 14000-32000 5000-7000 7000-10000 Balard Estate 3500-11000 12000-22000 5000-7000 6000-10000 Bhuleshwar/Kaibadevi 3000-8500 9000-14000 3000-6200 3000-7000 Giraum 3000-9000 9000-16000 3000-4000 5000-8000 Marine Drive 12000-23000 12000-22000 9000-14000 12000-16000 Opera House 9000-14000 10000-22000 6000-8000 9000-15000 Malabar House 13000-23000 12000-24000 9000-12000 12000-16000 Walkeshwar 11000-19000 12000-24000 9000-11000 12000-16000 Nepean Sea Road 11000-22000 14000-28000 11000-14500 12000-14000 Warden Road 11000-22500 14000-25000 9000-14000 11000-13000 Peddar Road 15000-2000 14000-25000 8000-11000 12000-12000 Woril 500-14500 8000-2000 7000-11000 6000-12000 Frabhadevi 700-14000 10000-16000 6500-8000 7000-11000 Parel [New Dev.] 500-9000 6000-8500 3500-8000 5000-8000 Dadar 4500-13000 6500-12000 4000-7500 5000-9000 Mahim 3500-8000 4500-12000 2500-4400 4000-8000 WESTERN RAILWAY suburbs Bandra [East 3000-4000 7000-17000 2500-3500 6000-9000 Bandra [west] 4500-11000 7500-16000 4000-7000 5000-9000 Khar [East] 3000-5000 6000-1200 3000-4000 5000-8000 Khar [West] 4000-6500 5000-15000 3000-5500 5000-11000 Santacruz [East] 2200-4000 4000-8000 2200-3200 5000-7000 Santacruz [West] 3000-6000 5000-11000 3000-5000 5000-7000 Juhu 4000-8000 6000-10000 4000-6000 6000-9000 Vile Parle [East] • 3500-6500 6000-9500 4000-6000 5000-7000 Vile Parle [West] • 4000-7500 - 2500-4000 6000-9000 Andheri [East] 2300-3500 6000-9000 3000-5500 3000-5000 Andheri [West] 2500-5000 6000-1000 2500-3500 4000-6000 Jogeshwari 2200-3000 3500-6000 2500-3200 3500-5000 Goregaon [East] 2200-3000 2500-8000 2200-3000 2500-6000 Goregaon [West] 3000-3500 3500-1200 2200-3000 2500-6000 Malad [East] 2000-3000 3000-7000 1800-3200 3000-9000 Malad [West] - - 1800-3200 3000-9000 Kandivali [East] 2000-3000 3000-7000 16000-2200 3000-6000 Kandivali [West] 3000-4000 3000-8000 1500-2200 3000-7000 BoriveJi [East] 2500-3200 3500-6500 2000-2800 3000-6000 Borival [West] 2500-3500 3500-8000 2500-3500 3500-7000

147 1996 1997 Dahisar 1600-2200 3000-4200 1400-2200 3000-4000 Mira Road 725-1700 1400-3400 600-830 1500-2000 Bhayander 600-1100 700:2000 500-1100 900-1500 Vaisai Road 650-1000 1000-3000 650-900 1500-2500 Nalasopara - - 650-800 1000-2000 Virar . 600-750 1000-6000 600-900 1000-2500 CENTRAL RAILWAY suburbs Wadala 3000-5500 4000-8000 3000-3500 3500-6000 Kings Circle 2500-5000 4000-9000 3000-35000 4000-7000 Sion 3000-5000 3000-9000 3000-5500 3000-7000 Kurla 1800-3000 2000-7000 2000-2500 2000-4000 Chembur 2200-4500 3000-12500 2200-3750 2500-7000 Ghatkopar 3000-4400 3500-11000 3000-5500 3500-10000 NAVI MUMBAI Vashi 1800-2500 3500-8000 1700-3300 3000-8000 Sanpada 900-1500 2000-5000 900-1600 2000-5000 Nerul 900-1500 2000-4000 900-1600 2000-5000

148 PROPERTY RATES IN Mumbai 1998 Residential Commercial SOUTH BOMBAY Colaba 8000-9500 9000-1100 Cuffe Parade 8000-9500 10000-12000 Nareman Point 10000-11500 9000-13000 Churchgate 9000-12000 9000-11000 New Marine Lines 9000-12000 8000-10000 Fountain Area 5000-7000 7000-10000 Ballard Estate 5000-7000 6000-10000 Kalbadevi 3000-700 3000-7000 Girgaum 3000-4000 5000-8000 MarineDrive 9000-13500 11000-16000 Opera House 6000-8000 9000-15000 9000-12000 12000-16000 Walkeshwar 9000-12000 12000-16000 Neapean Sea Road 11000-14500 12000-14000 Warden Road 9000-14000 11000-13000 Pedder Road 8000-10000 12000-12000 3200-11000 6000-12000 Prabhadevi 6500-7000 7000-11000 Parel [New Dev] 3500-7000 5000-9000 Dadar 4000-5500 5000-8000 Mahim 2500-4400 4000-6500 WESTERN RAILWAY SUBURBS Bandra [East] 2500-3500 4000-7000 Bandra [West] 4000-7500 5000-9000 Khar [East] 2800-3500 5000-8000 Khar [West] 3000-6000 5000-11000 Santacruz [East] 2800-4000 5000-7000 Santacruz [West] 3000-6000 5000-7000 Juhu 4000-6000 6000-9000 Vile Parle [East] 2500-4000 5000-7000 Vile Parle [West] 3000-6500 6000-9000 Andheri [East] 2200-3500 3000-5000 Andheri [Wast] 2500-3800 4000-6000 Jogeshwari 2200-2500 3500-5000 Goregaon 2200-2800 2500-6000 Malad 1800-2500 3000-9000 Kandivali [East] 1400-2200 3000-6000 Kandivali [West] 1200-2200 3000-7000

149 Borivali [East] 2000-2800 3000-6000 Borivali [West] 2500-3500 3500-7000 Dahisar 1400-2000 3000-4000 Mira Road 670-850 1500-2000 Bhayandar 500-900 900-1500 Naigam 500-700 Vasai Road 650-900 1500-2500 Nalasopara 650-800 1000-2000 Virar 600-800 1000-2500 CENTRAL RAILWAY SUBURBS Wadala 3000-3500 3500-6000 KingsCircle 2800-3500 4000-7000 Sion 3000-4500 3000-7000 Kurla 2000-2500 2000-4000 Chembur 2200-5550 2500-7000 Ghatkopar 3000-5500 3500-10000 Vikhroli 1500-2000 1500-2000 Bhandup 1800-2200 2000-3000 Mulund 1800-2500 2500-4000 Thane 1500-1800 2500-4000 Mumbra 950-900 1000-2000 Dombivali 700-900 1000-2000 Kalyan 900-1100 1500-3400 Ambernath 650-900 1000-2000 Badalapur 600-700 1000-2000 Titwala 600-700 1000-2000 Asangaon 500-600 900-1500 NAVI MUMBAI Vashi 1400-2200 3000-8000 Koparkhairaine 1000-1300 2000-3500 Airoli 900-1300 2000-3300 Sanpada 900-1400 2000-5000 Nerul 900-1400 2000-5000 Konkan Bhavan [CBD] 1500-2000 2500-4500 Kharghar 1200-1500 2000-3000 Kalamboli 1100-1400 2000-3000 Panvel 700-1000 2500-3500

150 PROPERTY RATES IN Mumbai

1999-2000 Residential Commercial SOUTH BOMBAY Colaba 8000-12000 9000-14000 Cuffe Parade 8000-10000 9000-14000 Nareman Point 7000-14000 7000-11000 Churchgate 8000-10000 9000-10000 New Marine Lines 8000-9000 8000-9000 Fountain Area 5000-6000 5000-8000 Ballard Estate 5000-7000 6000-8000 Kalbadevi 3000-4000 3000-7000 Girgaum 3000-4000 5000-6000 MarineDrive 9000-14500 11000-16000 Opera House 6000-7000 8000-12000 Malabar Hill 900.0-14000 10000-12000 Neapean Sea Road 9000-12000 10000-12000 Warden Road 9000-11000 10000-12000 Pedder Road 9000-10000 9000-12000 Worli 3200-9000 6000-10000 Prabhadevi 5000-6000 7000-9000 Parel [New Dev] 3500-6000 5000-9000 Dadar 4000-6500 5000-8000 Mahim 3000-5000 35000-5000 WESTERN RAILWAY Bandra [East] 2500-3500 4000-10000 Bandra [West] 4000-9000 5000-10000 Khar [East] 25000-3000 4000-5000 Khar [West] 3000-3500 4000-9000 SAntacruzt [East] 2800-4000 4000-5000 Santacruz [West] 35000-6000 5000-9000 Vile Parle [East] 3000-5000 5000-7000 Vile Parle [West] 3000-5000 5000-7000 Andheri [East] 2100-3500 3000-5000 Andheri [Wast] 2200-3500 3000-5000 Jogeshwari 2000-2900 3500-4000 Goregaon 1800-2000 2000-3000 Malad 1800-2200 3000-6000 Kandivali [East] 1200-1700 2500-6000 Kandivali [West] 1800-2200 3000-4000 Borivali [East] 1600-2100 3000-4000 Borivali [West] 2000-3000 3500-5000 Dahisar 1400-1800 2000-3000 Mira Road 650-950 1500-2000

151 Bhayandar 500-900 900-1500 Naigam 500-600 Vasai Road 700-900 1500-2000 Nalasopara 550-700 1000-1500 Virar 700-900 1000-2000 CENTRAL RAILWAY Wadala 3000-3500 3000-4000 KingsCircle 3000-3500 4000-5000 Sion 3000-4500 3000-5000 Kurla 2000-2500 2000-3000 Chembur 2200-4000 2500-4000 Ghatkopar 3000-4000 3500-7000 Vikhroli 1500-2000 1500-2000 Bhandup 1800-2000 2000-2500 Mulund 1800-3500 2500-4000 Thane 1600-3000 2500-4000 Mumbra 650-950 1000-2000 Dombivali 700-950 1000-2000 Kalyan 900-1200 1500-3000 Ambernath 650-900 1000-2000 Badalapur 600-700 1000-2000 Tiwala 600-700 1000-2000 Asangaon 500-600 900-1500 NAVI MUMBAI Vashi 900-2900 2000-4000 Koparkhairaine 800-1150 2000-2500 Airoli 800-1000 2000-2500 Sanpada 750-1000 2000-3000 Nerul 900-1200 2000-3000 Konkan Bhavan [CBD] 1000-1200 750-130 Kharghar 800-1000 Kalamboli 700-900 1000-2000 Panvel 750-1100 2000-2500

152 PROPERTY RATES IN Mumbai Residential MUMBAI RESIDE]\TIA L 2002 2001 SOUTH MUMBAI Colaba 8500-0000 8,500-13,000 Cuffe Parade 8,000-11,500 8,000-11,500 • Nariman Pt. 8,300-16,500 8,300-16,500 Churchgate 9,000-11,000 9,00-11,000 Marine Lines 7,000-9,000 7,000-9,000 Warden Road 9,000-11,000 9,000-11,000 Worli 5,500-8,000 5,500-8,000 Prabhadevi 5,000-6,000 5,000-6,000 Dadar 4,500-8,500 4,500-8,500 CENTRAL SUBURBS BvcuUa 3,000-5,000 3,000-5,000 Wadala 3,000-3,700 3,000-3,700 Sion 3,500-4,500 3,500-4,500 Kurla 2,000-2,500 2,000-2,500 • Chembur 3,000-5,000 3,000-5,000 Ghatkopar 3,000-6,000 3,000-6,000 Bhandup 1,800-2,200 1,800-2,200 Mulund 1,800-3,500 1,800-3,500 Thane 1,500-2,500 1,500-2,500 Bandra 3,500-7,500 3,500-7,500 Khar 2,500-5,500 2,500-5,500 Santacruz 2,500-5,500 2,500-5,500 Vile Parle 3,000-5,000 3,000-5,000 Andheri 2,200-3,500 2,200-3,500 Jogeshwari 1,800-2,500 1,800-2,500 Goregaon 2,000-2,200 2,000-2,200 Kandivali 1,900-2,200 1,900-2,200 Borivali 1,600-2,800 1,600-2,800 NAVI MUMBAI RESIDENTIAL vashi 1,500-2,500 1,500-2,500 K. Khairane 1,000-1,400 800-1,200 Nerul 1,200-1,600 1,100-1,400 Belapur 1,100-1,600 900-1,400 Khargar 900-1,200 800-1,000 Airoli 1,000-1,400 1,000-1,350 New Panvel 900-1,100 750-900

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