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Home , Charkop, Line 10 (Mumbai Metro), Line 12 (Mumbai Metro), Line 2 (Mumbai Metro), Line 3 (Mumbai Metro), Line 4 (Mumbai Metro)

MUMBAI METROPOLITAN REGION (MMR)

The crown jewel of MMR’S TRANSFORMATION: THE BIG INFRA PUSH

• Since 2014, Rs. 1.87 lakh crore is being invested across transport infrastructure projects in MMR • 246 km of lines and 68 km of road projects are in various stage of construction REAL ESTATE IMPACT OF SUCH MAMMOTH IMPETUS TO INFRASTRUCTURE

Help sustain MMR’s growth; most regions of MMR will come in a ring of metro networks

Markets which were languishing or losing out on occupier interest due to lack of MRTS networks will witness demand

Will open up new markets

Future development will be guided by infrastructure corridors

Improve connectivity; drastic reduction in travel time ANALYSING THE REAL ESTATE IMPACT OBJECTIVE OF THE STUDY- To identify the key impact markets which are likely to witness greater real estate traction.

Methodology for identifying key impact markets along the project corridor-

1. Evaluate the catchments along the upcoming MRTS corridor 2. Identify catchments which are currently lacking connectivity 3. Assess the connectivity scenario of those catchments after the MRTS project is operational 4. Evaluate the scope for real estate traction in that catchment based on i. Availability of land for greenfield development or ii. Scope for greater real estate traction via redevelopment

Note: The objective of the study is to identify key impact markets from the perspective of potential for heightened real estate traction (i.e. demand and supply). The objective and methodology are not intended to gauge the scope for price appreciation in our earmarked key impacts markets as it is based on a different set of parameters which is not covered as part of this report. MMR 2 INFRASTRUCTURE TODAY

Mumbai Suburbs 6 8 1- Metro Versova - - 1 2-

3 5 3- Western railway () 7 4- Central Railway (Mumbai Suburban Railway) 4 5- Sea Link

6-

Mumbai 7- Harbour line (Mumbai Suburban Railway)

8- Thane- (Mumbai Suburban Railway) PROJECTS LIKELY TO BE COMPLETED BY 2022

Note: The official deadline indicated by authorities may vary from our estimates, but the categorization timelines that we are indicating is based on ground progress D.N. Nagar

Shastri Nagar

x Adarsh Nagar Metro Interchange Metro METROLINE

Goregaon Metro

   Key- catalysts Bangur Nagar - 50- KEY IMPACT KEY MARKETS 2. Charkop 2. 1. – 75% reductiontraveltime in Daily ridership of 407,000 by 2021 and 609,000 by 2031 609,0002021 and Dailyridership407,000 : by byimpact of Population o 2A | | 2A Malad Around 11 office of sqmn ft supply can beexpected Kasturi Parkmetro station belt: Availability land parcelsof development for Kasturi Park and Ekta Nagar:and Ekta Availabilityand industrial slum of land parcelsredevelopment for metro station - station metro Completion byCompletion and Ekta Nagar and Malad Metro

– Charkop  second half of 2020 (official deadline) (official 2020 of half second Kasturi Park metro stationbelt DN NAGAR DN | Kamraj Nagar

Mahavir Nagar 18.589 KM (ELEVATED)18.589 KM Shimpoli

Don Bosco

Eksar

I.C. Colony

Rushi Sankul

Anand Nagar

Dahisar Dahisar East

Ovripada METROLINE x Metro Interchange Metro National Park

Devipada    Key- catalysts – FCI warehousesFCIBorivali: in Vacant land parcels near Mahanand 50- 7 | DAHISAR | 7 75% reductiontraveltime in Population impact KEY IMPACT KEY MARKETS o o 3. 2. 1.

Real estate supply upwards 18 can sqof beexpectedmn ft provided required policy levelchanges are made be expectedOfficecan supplyft sqmn upwards 10 of Magathane FCI warehouses in in warehouses FCI clusters inSlum Vacantparcels nearland Completion byCompletion Mahindra & Mahindra :  Daily – Malad second half of 2020 (official deadline) (official 2020 of half second ridership 528,000by of 2021 and 668,000 2031 by ANDHERI EAST| ANDHERI Bandongri East to KandivaliEastEast to belt Metro Station Mahanand

Pushpa Park Metro Station Metro

Pathan Wadi 16.475 KM (ELEVATED)16.475 KM

Aarey

Mahanand

JVLR Junction

Shankarwadi

Andheri (East)

Vidhan Bhavan x

Metro Interchange Metro METROLINE

CSMT Metro

Kalbadevi

Girgaon – 3 | | 3

Grant Road Completion byCompletion     Key- catalysts : BKC: FirstMRTSproject bringto in connectivity inside BKC MIDCbelt: Old industrial galas and units willmake way commercialfor through redevelopment educationalbusinessConnectsairportsand 30 districts, 6 2 institutions KEY IMPACT KEY MARKETS

4. 3. 2. 1. Mumbai Central o o Dharavi BKC parcels Lower in land mill Undeveloped Marol

Availabilityslum clusters redevelopmentof for willhelp Dharavi convertcommercialinto a hub outside BKC expectedcan be Office supplyft sq mn upwards 8 of Mahalaxmi –  Phase 1 (i.e. SEEPZ to Bandra to Phase SEEPZ 1 (i.e. -

MIDC belt MIDC Science Museum Population impact Acharya Atrey BANDRA Chowk

Worli

Siddhivinayak  : Dailyridership 1,600,000 of 2031 by route) to start operations by 2021 (official deadline) 2021 (official by operations start to route) SEEPZ | SEEPZ

Shitaladevi

Dharavi 33.5 KM (UNDERGROUND)33.5 KM BKC

Vidyanagri

Santacruz

Domestic Airport

Sahar Road

International Airport

Marol Naka

MIDC

SEEPZ

Aarey Depot TRANS HARBOUR LINK |  NHAVA SHEVA | 21.8 KM (ELEVATED)

SEWRI CHIRLE

Completion by – 2022 (official deadline)

Vehicles impacted : 39,300 vehicles are expected to use this bridge everyday by 2022, 100,000 vehicles by 2032 and 150,000 by 2042

KEY IMPACT MARKETS

1. Chirle

2.

Key catalysts-  Travel time reduced to 20 minutes  Chirle: Availability of abundant land for greenfield development o The upcoming Ranjanphada suburban railway station under MUTP III will future improve the prospects of this region  Ulwe: o Given the scope of greenfield and existing development, the region would witness further traction once this link is operational 2A MMR 7 INFRASTRUCTURE IN 2022

METRO LINE – 2A METRO LINE – 3 | COLABA 2A DAHISAR  DN NAGAR 3  BANDRA  SEEPZ | 18.589 KM (ELEVATED) 33.5 KM (UNDERGROUND)

TR

3 METRO LINE – 7 | DAHISAR TRANS HARBOUR LINK 7  ANDHERI EAST |  TR SEWRI NHAVA SHEVA 16.475 KM (ELEVATED) 21.8 KM (ELEVATED) 2A MMR

7 INFRASTRUCTURE IN 2022 WITH KEY IMPACT MARKETS

METRO LINE – 2A METRO LINE – 3 | COLABA 2A DAHISAR  DN NAGAR 3  BANDRA  SEEPZ | 18.589 KM (ELEVATED) 33.5 KM (UNDERGROUND)

TR

3 METRO LINE – 7 | DAHISAR TRANS HARBOUR LINK 7  ANDHERI EAST |  TR SEWRI NHAVA SHEVA 16.475 KM (ELEVATED) 21.8 KM (ELEVATED) PROJECTS LIKELY TO BE COMPLETED BETWEEN 2023-2030

Note: The official deadline indicated by authorities may vary from our estimates, but the categorization timelines that we are indicating is based on ground progress METRO LINE – 2B | D N NAGAR  MANDALE | 23.643 KM (ELEVATED) Marg Hospital Nagar Khira National College National S G Barve Terminus Kurla (East) D.N. Nagar D.N. NagarESIC Prem Nagar Indira Nagar Nanavati Saraswat Nagar Bandra Metro MMRDA EEH Diamond Garden Mandale Chowk Shivaji BSNL ITO, BKC MTNL, BKC IL&FS, BKC IL&FS,

Completion by – 2022 (official deadline)

Population impact : Daily ridership of 890,000 by 2021 and 1,049,000 by 2031

KEY IMPACT MARKET

1. BKC

Key catalysts-  Once complete, Metro will be the longest metro line of MMR having a total length of 42.23 km o Will have interchange with 6 other metro lines, providing access to most regions of Mumbai o 50-75% reduction in travel time  BKC: 2nd MRTS projects after Metro to bring in MRTS right inside BKC o Office supply upwards of 8 mn sq ft can be expected o Will connect dense and established residential catchments of to BKC x Metro Interchange METRO LINE – 4 | THANE ()  | 32.32 KM (ELEVATED) Chowk Naka Marg Mahapalika Wadi Cinema Nagar Pada - Ni Haath Nagar Bus Dpt Hedgewar Kasarvadavali Kasarvadavali Garden Vijay Dongari Tikuji - Manpada Kapurbawdi Majiwada Junction Mahapalika RTO Thane Teen Maharana Pratap Fire Station Dr Naval HousingNaval Gandhi Nagar Nagar Surya Metro Godrej Company Shreyes Lakshmi Nagar NagarPant Garodia Amar Mahal Junction Siddharth Colony Suman Nagar Anik Wadala TT Bhakti Park Metro Shangrila MetroBhandup Wadala TT

Completion by – 2022 (official deadline)

Population impact : Daily ridership of 870,000 by 2021 and 1,231,000 by 2031

KEY IMPACT MARKETS

1. Wadala truck terminus

2. Kasarvadavali to Gaimukh belt

Key catalysts-  2nd longest metro line of MMR o Will have interchange with 6 other metro lines, providing access to most parts of Mumbai o First MRTS project for the upcoming residential catchments along Ghodbunder Road in Thane  Wadala truck terminus: Brought under the SPA of MMRDA in order to be developed on the lines of BKC o Real estate supply of around 50 mn sq ft can be expected if FSI is same as BKC  x Metro Interchange Kasarvadavali to Gaimukh belt: Availability of land for greenfield development Kapurbawdi

Kasheli METROLINE x Kalher Metro Interchange Metro

Purna –

Anjurphata THANE | 5 Population impact    Key- catalysts Kalher Temghar MRTSFirstprojectBhiwandi the for market:Can transform Bhiwandiaffordable into an housing destination KEY IMPACT KEY MARKETS

2. 1. Dhamankar Naka Kalher Temghar -  - Anjurphata to to Completion byCompletion : Kongaon - Daily Anjurphata BHIWANDI to to Kongaon r Bhiwandi belt: Availabilitywarehouses redevelopmentof for idership of 223,900 by 2021 and 302,500 by 2031 302,500idership2021 and 223,900 by by of

belt: Availabilitygreenfield land for of development Gopal Nagar – 2022 (official deadline) 2022 (official - Bhiwandi belt Bhiwandi belt

Temghar  |

Rajnouli Village

Govegaon MIDC 24.9 (ELEVATED) KM

Kongaon

Durgadi

Sahajanand Chowk

Kalyan Ral Stn

Kalyan APMC Swami Samarth Nagar

Adarsh Nagar METROLINE

Jogeshwari (West) x Metro Interchange Metro –

JVLR LOKHANDWALA|6

Shyam Nagar Population impact     Key- catalysts Vacant land parcelsKanjurmarg in Industrial units in SEEPZ Vacant land parcels near Mahakali projectMRTSpassingFirst throughestablished the officeresidential and catchments alongJVLR KEY IMPACT KEY MARKETS 3. 2. 1. o o o VacantKanjurmargparcels in land - SEEPZ in units Industrial Vacantparcels nearland

Real estate supply upwards 10 can sqof be expectedmn ft Real estate supply upwards 15 can sqof beexpectedmn ft Real estate supply upwards can sq be 7mn ft of expected Mahakali Caves Completion byCompletion  : Dailyridership 400,000by of 2031 VIKHROLI(EEH)|

– SEEPZ Village 2022 (official deadline) 2022 (official - belt

Mahakali Saki Vihar Road Powai belt Powai Caves MetroStation Caves MetroStation Rambaug 14.477 KM (ELEVATED)14.477 KM

Powai Lake

IIT Powai

Kanjurmarg (West)

Vikhroli (EEH) Gaimukh METRO – LINE x Metro Interchange Metro 10 | GAIMUKH (THANE) (THANE) GAIMUKH | 10

Gaimukh Reti Bunder    Key- catalysts Kashimira Kasarvadavali MRTSFirstprojectregion this for whichlocatedisolatedis an in MMR of part  Completion byCompletion KEY IMPACT KEY MARKETS SHIVAJICHOWKROAD) (MIRA | 2. 1. : Availability land greenfield for of development Kashimira Kasarvadavali – to to March 2022 (official deadline) 2022 (official March Gaimukh Varsova Char Phata belt: Availabilitygreenfield land for of development to to Gaimukh belt 9.209 KM (ELEVATED)KM9.209

Kashimira

Shivaji Chowk () x

Metro Interchange Metro Kalyan APMC

Ganesh Nagar

Pisvali Gaon METROLINE

Golavali

Dombivali MIDC – Population impact 12 | KALYAN|12 Sagaon

Completion byCompletion Sonarpada : Dailyridership 192,420by of 2031   Key- catalysts 

jointly by MMDRA by jointly CIDCO and The corridor would be developed on the lines of Transit First MRTS project of MMR which will precede development Manpada – KEY IMPACT KEY MARKETS March 2024 (official deadline) 2024 (official March 3. 3. 2. 1. Sagaon TALOJA | Hedutane Manpada Sonarpada Hedutane to to Pisarve

Kolegaon 20.7 KM (ELEVATED)20.7 KM belt which includesbeltwhich locationslike: 6. Bale6. 5. 5. 4. Vadavli Kolegaon Vadavali ( ) khu Bale

9. 9. 8. 7. Waklan Pisarve Turbe Waklan - Oriented

Turbhe - Development (TOD) (TOD) Development

Pisarve Depot

Pisarve

Taloja MMR INFRASTRUCTURE IN 2030

Mumbai Metro

W 1 6

C 2A 7

H 2B 9

C 3 10

TH 4 11

N1 5 12 MMR INFRASTRUCTURE IN 2030 WITH KEY IMPACT MARKETS

W 1 6

C 2A 7

H 2B 9

C 3 10

TH 4 11

N1 5 12