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INSITE REPORT 2018 April - June

99acres ’s No.1 Property Portal 99acres India’s No.1 Property Portal INSITE : MUMBAI 3

CBO’s Desk

The positive impact of groundbreaking policy reforms - Real Estate (Regulation and Development) Act and Goods and Services Tax (GST) – is seeming to bear some fruit in FY 2018- Contents 2019. Marked by a gradual reduction in unsold inventory, a rise in enquiries in affordable housing segment and the return of new launches, the beginning of the fiscal year is hinting From CBO’s Desk Maneesh Upadhyaya Chief Business Officer towards a slow but steady revival. 03 CBO’s perspective on current market sentiment 99acres.com The quarter recorded a quantum jump of almost 50 per cent in new residential launches to reach 50,100 units. Affordable National Outlook housing led the supply graph, up by about 100 per cent, QoQ, in 04 Snapshot of real estate ambience , Hyderabad, Delhi NCR, Chennai, Mumbai Metropolitan across top 8 metro cities Region, Bangalore and Kolkata. Inventory levels, on the other Market Indicators hand, dropped by 10-30 per cent, YoY, across metros. RERA- 05 Changes in capital rates and inventory approved projects commanded a significant share of the status QoQ; and rental values YoY residential demand, evident from a healthy upswing Market Movers in the timeshare on RERA-registered projects on 06 News that impacted Mumbai's 99acres.com. Realty stakeholders are gung-ho realty market in Apr-Jun 2018 about the upcoming festive quarter, which might see a resurgence in end-user 99acres Outlook demand and sales volume. 07 99acres’ perspective on current market sentiment Methodology Mumbai The Insite Report by 99acres.com captures Key highlights - Mumbai's Capital and 08 the quarterly capital trends and the annual rental market in Apr-Jun 2018 rental analysis of residential apartments in key real estate markets – Delhi NCR, Mumbai 10 Key highlights - Navi Mumbai's capital Metropolitan Region (MMR), Bangalore, and rental market in Apr-Jun 2018 Pune, Chennai, Hyderabad, Kolkata and Ahmedabad. In order to assess the prevailing and Beyond sentiment, the report delves deep into demand 12 Key highlights - Thane's capital and and supply of properties across varied budget rental market in Apr-Jun 2018 segments and occupancy stages. While demand is a function of queries received, Annexures 14 supply is based on property listings posted on 99acres.com in Apr-Jun 2018. 99acres India’s No.1 Property Portal INSITE : MUMBAI 5 MARKET INDICATORS

Capital Values Rental Values Supply Bangalore ˄ ˄ ˅ Delhi NCR ˄ Mumbai ˄ ˄ ˅ Chennai ˄ ˅ Pune ˄ ˅ Hyderabad ˄ ˄ ˅ Kolkata ˄ Ahmedabad ˄ ˄ ˄ * Capital values represent quarterly change * Rental values represent yearly change * Supply is basis properties listed on 99acres.com NATIONAL OUTLOOK HOME BUYING SENTIMENT IN FOCUS The realty landscape witnessed a fleeting calm even as enquiries and sales recorded a slight uptick in most metro cities this quarter. While the RERA ANNIVERSARY non-formation of a RERA-body marred buyer sentiment in Kolkata and Hyderabad, the approaching ‘Aadi’ period slackened growth in Bangalore and May 1, 2018 marked the first anniversary of the Real Estate (Regulation and Development) Act, 2016 Chennai. A revival in property sales is expected in the festive quarter. [RERA]. The implementation progress varied from State to State depending on timely compliance with Central RERA rules. Kerala, West Bengal and the six north-eastern States are yet to implement the Act. PROPERTY PRICES Others including Karnataka, the NCT of Delhi and Tamil Nadu made snail-paced progress, tarnishing consumer sentiment. Price movement remained marginal across cities, except Hyderabad, which saw notable growth due to infrastructural overhaul and robust office-space absorption. The premium segment remained passive as affordable housing GENERAL BUYING SENTIMENT grabbed a majority share of buyer demand. Any significant deviation in Buyer confidence ameliorated for RERA-approved projects. A resurgence of fence-sitters in select pockets, average weighted capital ‘asks’ is likely to happen around Oct-Dec 2018. driven by connectivity and job opportunities, was a testimony to the reviving market. Conversion rate improved, albeit minimal. The affordable housing sector garnered maximum buyer interest, however, RENTAL LANDSCAPE RERA registration alone did not suffice to drive buyers towards under-construction properties. The rental landscape continued to remain upbeat for the seventh consecutive quarter. Rental values witnessed a notable hike across cities, PROPERTY PRICES except Delhi NCR and Pune where a pile-up of ready inventory inflicted the Enquiries resurfaced and led several housing pockets register an uptick in property prices. While market. The growth is likely to continue for a few more quarters, until home Hyderabad reported a notable rise in residential property rates, Pune and Chennai maintained status quo. buying picks up pace and sees a complete revival. Delhi NCR and Mumbai reported a price correction in the last one year due to discounts offered by developers to lure buyers back into the market. SUPPLY The hiatus in new launches amidst piling residential stock helped cities such as NEW LAUNCHES Bangalore, Mumbai, Pune, Chennai and Hyderabad rationalise inventory levels. New launches nose-dived across cities due to increased compliance under RERA. Chennai, Hyderabad and Slow-paced registrations under RERA played a key role in curtailing the saleable Kolkata reported a 50-70 percent dip in launches, YoY, largely owing to delayed notification of RERA rules. primary stock. The trend is expected to continue as no exceptional measures Delhi NCR, Mumbai, Bangalore and Pune, too, witnessed new launches coming to halt. A year later, the are being observed to fast-track RERA registrations. markets seem to have gained ground with new launches reporting an improvement, QoQ. 99acres India’s No.1 Property Portal INSITE : MUMBAI 7

99ACRES OUTLOOK Market Movers Emulating the real estate sentiment prevalent in Delhi NCR and Bangalore, Mumbai too, entered the orbit of recovery in 2018. The Apr-Jun 2018 quarter witnessed State approves Mumbai Development Ready reckoner rates kept unchanged end-users heading to localities boasting of surplus affordable properties and sturdy Plan 2034 Maintaining status quo in RR rates is expected infrastructure. Almost 50 percent of the total demand was for properties priced within After multiple revisions and alterations, the to trigger residential demand in Mumbai and Rs 40 lakh. Not surprisingly, the residential pockets of , New in Navi Mumbai Development Plan 2034 was finally Pune. Revenue collection has also gone up this Mumbai and , in Thane reported maximum enquiries. approved by government. With year, implying that demand is contained and Maharashtra government’s plan to develop 10 lakh affordable homes under PMAY a special focus on affordable homes and any change in market dynamics could elicit a on the salt-pan lands of Malwani, , and augurs well for the employment generation, the plan commits volatile reaction. future of Mumbai. Further, the expansion of the transport infrastructure – Mumbai to create a million budget houses and eight Metro 2A, freeway from to , Mulund- link road and million jobs in the city. Freeway from Airoli to Kalyan set to enhance Thane’s transport grid East- metro corridors – is anticipated to transmute the city’s realty fortunes in Over 10 lakh homes under affordable The Mumbai Metropolitan Region Development the forthcoming quarters. An unsold inventory of 86,000 units, may however, prove a housing mission Authority (MMRDA) is set to develop a freeway deterrent to the city's realty growth. The State government decided to construct 10 from Airoli in Thane to Katai Naka in Kalyan To propel sales volume, the State government has to ensure fast-paced infrastructure lakh affordable homes under Pradhan Mantri at an approximate cost of Rs 950 crore. development, while being committed to the efficient implementation of MahaRERA. Awas Yojana (PMAY) on salt-pan lands in Estimated to be completed in three phases, Further, bridging the demand-supply gap in the affordable housing bracket, especially Malwani, Gorai, Jogeshwari and Mulund. Under the tenders for the project have already in Navi Mumbai, holds the key to motivating long-time the Development Plan 2034, these land parcels been floated. fence-sitters foray into the property market. Crystal gazers, however, believe will be converted into residential areas, helping that actual real estate growth can be tracked only after the festive quarter decongest the city, rationalising property of Oct-Dec 2018. prices and boosting affordable housing.

Mumbai Metro 2A construction work in full swing The 2A project of is going on Price Movement in Key Micro-markets with full gusto as nearly 50 percent of the piers have been established. The 18.6 km-long DN LOCALITY AVERAGE ‘ASK’ RATE (PER SQ FT) QOQ CHANGE YOY CHANGE Nagar and Dahisar via Link Road route will Panvel 5,600 - 6,700 1% 9% have its first station at Kasturi Park in . Set to be completed by 2019, 7,500 - 8,900 1% 5% the metro route is anticipated to (East) 5,000 - 6000 2% 0% ease commutation along the stretch. Ulwe 6,100 - 7,000 4% 9% Kalyan (West) 5,200 - 6,300 3% 4% Andheri (West) 18,800 - 23,500 1% 6% 3,000 - 3,700 1% 6% 3,700 - 4,600 2% 1% (West) 12,300 - 15,600 2% 5% (West) 15,100 - 17,800 1% 1%

* Average ‘ask’ rates have been calculated as per listings posted on 99acres.com in the current quarter 99acres India’s No.1 Property Portal INSITE : MUMBAI 9

MUMBAI The prospering and price competitive KEY HIGHLIGHTS SUPPLY OF APARTMENTS markets of Navi Mumbai and Thane UC RTM DEMAND UC RTM SUPPLY pulled demand away from Mumbai’s Stringent action under MahaRERA played a major spoiler for the 72 bridges, 21 flyovers, two overpasses, two rail over bridges, and 35 Vehicular exorbitant central areas. The residential developer fraternity and slowed down real estate activity. Directives Underpasses (VUP), among others. market in the city, thus, witnessed no such as interest payment to homebuyers for delayed possession, Availability of land parcels for residential use and proposed metro rail change in average weighted property and discontinuation of projects without proper approvals dwindled connectivity boosted growth prospects of (East), which witnessed prices. The city also reeled under residential demand further. a marginal price rise, QoQ. MahaRERA’s full-blown impact as North Mumbai localities continued to rule the roost, courtesy the 77% / 23% developers were asked to register illegal Average rental prices were up by three percent in the quarter ending June 2018, 88% / 12% 89% / 11% large-scale infrastructure projects currently under progress. Residential 82% / 18% properties with the regulatory body. launches in the last six months have boosted the attractiveness of compared to the same period a year ago. Several localities in Goregaon, Andheri, Jogeshwari and Virar, which were at the cynosure of and Central Suburbs led the rental graph with a 9-10 percent increment in 'ask' major real estate activities. rates, YoY.

Goregaon (West) and Andheri (East) clocked a three and two percent Meanwhile, Borivali (East) and led the popularity index on the rental quarterly increment in capital values, respectively. Both the localities front, displaying a five and one percent annual increment. Average rents for witnessed residential project launches by marquee names in the last a 1BHK in Borivali hover around Rs 22,000 per month, much lower than its one year. Rapid civic infrastructure development and proximity to counterparts such as and Andheri where 1BHK rental costs are between commercial and retail establishments are other driving factors. Rs 30,000 and Rs 45,000 per month. 42% 46% 41% 46% Price-competitive inventory helped Chembur and Goregaon (East) garner Virar recorded a two percent rise in average property asks as Apr-Jun 2018 Jan-Mar 2018 the planned Virar-Alibaug Multi-Modal Corridor pushed residential robust demand in the rental market. These housing pockets also benefit from demand in the region. The eight-lane corridor project will include good connectivity via the metro line from Versova to . * Graph depicts the availability of residential apartments wrt other property types, QoQ, along with the distribution of under-construction and ready stock

10% 8% 7% BUDGET-WISE SUPPLY OF PROPERTIES 7% DEMAND SUPPLY

3% 2% 2% 2% 1% 1% 1% 0% 0% - 36% 34%

0% 0% 0% 31% 31% 29% -1% 30% -2% 24% 23% 23% -4% 17% 16% 16% 18% 17% 16%

-9% 14% 14% 14% 9% 7% 20% 9% 18% 18% 10% 21% 7% 20% 25% 10% 27% Capital Rental 28% Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun 2018 2018 2017 2018 2018 2017 2018 2018 2017 2018 2018 2017 2018 2018 2017 Within Rs 40 Lakh Rs 40-60 Lakh Rs 60 Lakh - Rs 1 Crore Rs 1-2 Crore Rs 2 Crore and Above Goregaon (West) Goregaon Andheri (East) Virar (East) Kanjurmarg Malad (East) (East) Kandivali Chembur (East) Ghatkopar Chandivali

* %change represents quarterly capital movement and yearly rental movement * Graph depicts the fluctuation in supply wrt demand for residential properties in various budget categories 99acres India’s No.1 Property Portal INSITE : MUMBAI 11

NAVI MUMBAI KEY HIGHLIGHTS SUPPLY OF APARTMENTS There is an evident shift in end-user demand from upmarket and expensive counterparts of Airoli and Belapur. Social infrastructure and UC RTM DEMAND UC RTM SUPPLY Buyer interest had already begun to neighbourhoods in Navi Mumbai such as Palm Beach Road, Seawoods, connectivity to office hubs also work in favour of Kharghar. advance rapidly owing to the official and to affordable localities such as Ulwe, and launch of Navi Mumbai International Khandeshwar. The latter regions chronicled a three to four percent The tenant community continued to move towards affordable belts such Airport in the previous quarter. In increment in apartment values, QoQ. as Roadpali and Taloja in Navi Mumbai. Average rental prices moved up Apr-Jun 2018, the market sentiment by five percent, YoY, in the zone, highlighting the increased preference towards gained momentum, with localities The once-sleepy suburb of the twin city, Ulwe has gained real estate leasing apartments in the last one year, given the volatility in the capital market. 87% / 13% situated within the 10-km radius prominence owing to its closeness to the Navi Mumbai International 93% / 7% 87% / 13%

Replacing Ulwe, Vashi emerged as the top performing rental market in Navi 90% / 10% of the airport reporting increased Airport. Recording a four percent increment, the locality boasts of Mumbai this quarter. Availability of budgeted rental stock, proximity to malls enquiries and transactions. Other several RERA certified projects that have grabbed homebuyer interest. and IT Parks acted as growth drivers. demand propellers include lower cost Other nodes that garnered buyer demand include Panvel and Ghansoli. of operations, speedy connectivity via While Panvel primarily benefits from its proximity to Ulwe and metro Ghansoli and Panvel followed suit, with a seven and five percent increment, YoY. JNPT Road, and setting up of IT hubs. 26% 27% 26% connectivity at Kharghar, Ghansoli is growing on the back of the recently Rapid infrastructure developments and mushrooming of large-scale integrated 26% townships by reputed players boosted rental prices here. inaugurated Ghansoli-Talavli flyover. Apr-Jun 2018 Jan-Mar 2018

Kharghar, too, ruled the popularity charts owing to a healthy supply * Graph depicts the availability of residential apartments wrt other property types, QoQ, along with the distribution of residential units priced competitively as compared to established of under-construction and ready stock

10%

7% BUDGET-WISE SUPPLY OF PROPERTIES 6% 5% 5% 5% 4% DEMAND SUPPLY 3% 52% 2% 2% 52% 4% 2% 49% 1% 1% 0%

0% 0% 0% 36% 36% 36%

-2 -2% 25% 24% 25% 21% 21% 18% 4% 4% 3% 9% 18% 24% 25% 24% 15% 15% 10% 10% 13% 12% Capital Rental 12% 3% 2% 2% Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun 2018 2018 2017 2018 2018 2017 2018 2018 2017 2018 2018 2017 2018 2018 2017

Ulwe Ghansoli Panvel Kharghar Taloja Roadpali Panvel New Koperkhairane Within Rs 40 Lakh Rs 40-60 Lakh Rs 60 Lakh - Rs 1 Crore Rs 1-2 Crore Rs 2 Crore and Above

* %change represents quarterly capital movement and yearly rental movement * Graph depicts the fluctuation in supply wrt demand for residential properties in various budget categories 99acres India’s No.1 Property Portal INSITE : MUMBAI 13

THANE AND BEYOND KEY HIGHLIGHTS SUPPLY OF APARTMENTS Thane has earned the reputation of becoming the nucleus of real estate Kolshet, too, featured as a top performer in the capital graph of Thane with a UC RTM DEMAND UC RTM SUPPLY Thane reported the maximum sales investments, courtesy low land rates and upcoming infrastructure two percent increase in average weighted property values. Availability of land of residential apartments across the plans. Some of the pivotal projects under development in Thane parcels and setting up of commercial projects has led to an increase in real MMR region in Apr-Jun 2018 vis-à-vis include Wadala-Thane Metro 4 corridor, and extended Mumbai Urban estate activity in Kolshet. the previous quarter. With a marginal Infrastructure Project which includes construction of three creek uptick in average capital ‘asks’, the bridges, two rail over bridges (ROB), and nine flyovers, among others. Thane’s rental trend highlighted that localities hosting pocket-friendly rental region is poised to tread a growth options such as Kalyan (West) and Dombivli (East and West) were favoured trajectory starting Karjat led the capital graph with a four percent rise in prices, QoQ. more than the expensive counterparts such as Bevarly Park and Patlipada. Once popular as a second home destination, Karjat is now one of in September. The period marks 80% / 20% 89% / 11% 87% / 13%

Infrastructure development along the Kalyan-Dombivli belt on the back of the 83% / 17% the beginning of multiple discounts the fastest growing residential hubs of Thane. The presence of Smart City project boded well for the rental scenario as well. While Kalyan and new launches by the developer educational institutes, several reputed projects and the upcoming (West) saw an increase to the tune of eight percent, Dombivli (East and West) fraternity and is expected to see more Panvel-Bhimashankar highway has enhanced consumer confidence, recorded a four percent rise in rentals, YoY. buyers loosening their wallet strings. spelling good news for investors. 25% 26% 25% 26% Availability of land, affordability and suitability for professionals working in Kalyan and Dombivli’s coverage under Smart City project has proven Apr-Jun 2018 Jan-Mar 2018 to be a game changer for the residential growth of these localities. the industrial belt of Ambernath-Badlapur were the primary growth drivers for Ambernath’s popularity among the tenant community. The locality chronicled * Graph depicts the availability of residential apartments Initiatives such as decongesting Dombivli station, development wrt other property types, QoQ, along with the distribution plan report for the Station Area Traffic Management Scheme (SATIS) six percent growth in rental prices YoY. of under-construction and ready stock and Kalyan-Shil-Taloja metro are overhauling the status of these areas. Both Dombivli and Kalyan West reported a three percent increment in capital values, QoQ.

BUDGET-WISE SUPPLY OF PROPERTIES

8% 6% 6% DEMAND SUPPLY 58% 54% 4% 4% 56% 3% 5% 2% 2% 3% 1% 1% 3% 1% 1% 2% 1% 0% -1% 23% 25% 25% 22% 21% 20% 22% 20% 21%

-6% 5% 5% 5% 9% 33% 33% 2% 35% 35% 32% 32% 9% 16% 16% 17% 11% 12% 2% 12% 2% 10% Capital Rental Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun Apr-Jun Jan-Mar Apr-Jun 2018 2018 2017 2018 2018 2017 2018 2018 2017 2018 2018 2017 2018 2018 2017 Within Rs 40 Lakh Rs 40-60 Lakh Rs 60 Lakh - Rs 1 Crore Rs 1-2 Crore Rs 2 Crore and Above Kasarvadavali Dombivli (West) (West) Kalyan Majiwada Kavesar Ambernath Dombivli (East) Badlapur Nagar Vartak Balkum

* %change represents quarterly capital movement and yearly rental movement * Graph depicts the fluctuation in supply wrt demand for residential properties in various budget categories 99acres India’s No.1 Property Portal INSITE : MUMBAI 15

Annexures Annexures CAPITAL VALUES - THANE CAPITAL VALUES - MUMBAI CAPITAL VALUES - MUMBAI RENTAL VALUES - MUMBAI CAPITAL VALUES - NAVI MUMBAI RENTAL VALUES - NAVI MUMBAI AND BEYOND

Locality Apr-Jun 2018 Locality Apr-Jun 2018 Locality Apr-Jun 2018 Locality Apr-Jun 2018 Locality Apr-Jun 2018 Locality Apr-Jun 2018 Panvel 12 6600 Andheri (East) 18000 Malad (West) 16000 Ghatkopar (East) 41 Airoli 11575 Roadpali 11 4050 Andheri (West) 23500 Mulund 16300 Ghatkopar (West) 44 Belapur 11000 Sanpada 31 3900 Bandra (East) 28950 (East) 4175 Goregaon (East) 40 4750 Seawoods 27 Vartak Nagar 11300 Bandra (West) 41150 Naigaon (West) 4620 Goregaon (West) 40 Ghansoli 11250 Taloja 9 Vasant Vihar 12950 (East) 14475 Nallasopara 4500 Jogeshwari (East) 48 Kalamboli 6700 Ulwe 8 Vasind 3375 Bhandup (West) 15550 Pali Hill 47100 Jogeshwari (West) 45 7325 Vashi 30 Waghbil 9800 Bhayander (East) 7725 28000 77 Karanjade 5625 Bhayander (West) 8850 21500 Kandivali (East) 34 Khanda Colony 7650 CAPITAL VALUES - THANE RENTAL VALUES - THANE 3050 37800 Kandivali (West) 33 Khandeshwar 7700 AND BEYOND AND BEYOND Borivali (East) 15550 Santacruz (East) 21000 Kanjurmarg (East) 39 Kharghar 8900 Ambernath 4000 Ambernath 9 Borivali (West) 16700 Santacruz (West) 37100 Kanjurmarg (West) 43 3500 Anand Nagar 9600 Anand Nagar 20 Breach Candy 60000 30500 Khar 79 Koperkhairane 10675 Badlapur 3700 Badlapur 7 28900 Sion (East) 20850 (East) 37 Nerul 12600 Balkum 10020 Balkum 22 Chembur 18150 5250 Kurla (West) 44 New Panvel 5500 4250 Dhokali 24 39700 Versova 23500 Lower Parel 96 Palm Beach 17700 Charai 12900 Dombivli (East) 13 61150 (East) 20900 (West) 65 Panvel 6300 Dhokali 11150 Dombivli (West) 14 32500 Vikhroli (West) 14700 Malad (East) 37 Roadpali 6700 Dombivli (East) 6000 Kalwa 19 Dahisar 13200 (East) 28500 Malad (West) 38 Sanpada 13875 Dombivli (West) 6850 Kalyan (West) 13 Ghatkopar (East) 18000 Vile Parle (West) 31600 Nallasopara 9 Seawoods 11600 Kalwa 8900 Kasarvadavali 19 Ghatkopar (West) 18200 Virar 4525 Parel 68 Shilphata 5900 Kalyan (East) 5400 Kavesar 22 Goregaon (East) 17350 Wadala 22650 Powai 50 Taloja 5000 Kalyan (West) 6275 Majiwada 24 Goregaon (West) 16450 37500 Prabhadevi 91 Ulwe 7150 Kapurbawadi 11700 Manpada 24 Jogeshwari (East) 17575 Santacruz (East) 53 Vashi 14100 Karjat 3450 Owale 17 RENTAL VALUES - MUMBAI Jogeshwari (West) 16600 Santacruz (West) 79 Kasarvadavali 8750 Panch Pakhadi 28 RENTAL VALUES - NAVI MUMBAI Juhu 35550 Andheri (East) 45 Sewri 92 Kavesar 10275 Patlipada 25 Kandivali (East) 15725 Andheri (West) 53 Sion (East) 51 Airoli 26 Khopat 12600 Teen Haath Naka 31 Kandivali (West) 14750 Bandra (East) 63 Vasai 12 Belapur 26 Kolshet 10500 Vartak Nagar 28 Kanjurmarg (East) 14625 Bandra (West) 84 Versova 55 Ghansoli 24 Majiwada 11225 Vasant Vihar 26 Kanjurmarg (West) 14950 Bhandup (East) 37 Vikhroli (East) 46 Kalamboli 12 Manpada 12000 Waghbil 22 Khar 38550 Bhandup (West) 36 Vikhroli (West) 43 Kamothe 13 3225 Kurla (East) 14000 Borivali (East) 33 Vile Parle (East) 60 Kharghar 17 Neral 3100 Kurla (West) 14750 Borivali (West) 31 Vile Parle (West) 68 Koperkhairane 25 Owale 8775 Lower Parel 33500 Chembur 46 Virar 9 Nerul 27 Panch Pakhadi 14800 Mahim (West) 31100 Dadar 80 Wadala 54 New Panvel 12 Patlipada 12450 Malad (East) 15450 Dahisar 27 Worli 88 Palm Beach 33 Teen Haath Naka 14050

*All prices are per sq ft rates *Capital change depicts quarterly alterations in average ‘asks’ *Rental change depicts yearly alterations in average ‘asks’ *All prices are per sq ft rates *Capital change depicts quarterly alterations in average ‘asks’ *Rental change depicts yearly alterations in average ‘asks’ 99acres India’s No.1 Property Portal 99acres India’s No.1 Property Portal FIND BEST OPTIONS TO FIND BEST OPTIONS TO BUY SELL RENT PROPERTY buy, sell, rent property

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